For all its troubling externalities, the sharing economy is largely heralded as a “return to the village,”…But our society is not returning to a past utopia of collective social confidence and equality because this utopia never existed. The sharing economy doesn’t build trust — it trades on cultural homogeneity and established social networks both online and in real life. Where it builds new connections, it often replicates old patterns of privileged access for some, and denial for others.
The paradox of poverty is that tomorrow is unpredictable but the future never changes.
Why S. & P.‘s Ratings Are Substandard and Porous. Fascinating read from Nate Silver about the S. & P. and the ways in which it’s broken as a means of investment guidance.
As we’ve made it easier for ideas to spread digitally, we’ve actually amplified the gap between free and paid. It turns out that there’s a huge cohort that’s just not going to pay for anything if they can possibly avoid it.
Attention Economy. “If everyone has everyone’s attention the value of attention is nullified.” This is why we should save, invest, and be conscientious of the attention we give things.
Recession and homelessness: Et in Arcadia ego. Unemployment and poverty rates are rising the fastest in some unlikely places. It’s no longer cities like Detroit that are facing the largest jumps in unemployment.
Back to the Future. Peter Thiel believes education is the next bubble to pop and that college serves as a way to defer thinking about your life.