The push for 5G technologies requires a visionary approach as the industry rapidly evolves, causing telecoms to face disruptions to their established biases on how best to apply the budding technology.... Sputnik International5G Posing New Challenges, Advantages to Global Telcos as 4th Industrial Revolution Takes Hold - CEO
Read More »Daniel Oberhaus — Meet the Anarchists Making Their Own Medicine
“So yeah, we are encouraging people to break the law,” Laufer added. “If you're going to die and you're being denied the medicine that can save you, would you rather break the law and live, or be a good upstanding citizen and a corpse?” Power to the people!MotherboardMeet the Anarchists Making Their Own Medicine Daniel Oberhaus ht Yves Smith at Naked Capitalism
Read More »Gaius Publius — Stephen Hawking on What Killed the World of the Jetsons. Prelude to Thoughts on a Guaranteed Jobs Program
I’m about to start writing about the new proposal from Stephanie Kelton and her colleagues at the Levy Institute on the guaranteed jobs program, a proposal, by the way, that’s starting to get some serious notice. But ahead of that work I want to consider an extreme case, but not an unlikely one. What if, in the future, there simply aren’t enough jobs for everyone? What then? Put more simply, what’s the underlying assumption behind the world of the Jetsons? The late Stephen Hawking, in his...
Read More »macromon — Karl, The Comeback Kid?
Why do we think the world is about to see the resurrection of the “comrade culture club” over the next ten years? Make no mistake; there will be a visceral political reaction to the coming acceleration of labor disrupting technology. We got a little taste of it in the 2016 election. Just wait until it hits the doctoring, lawyering, and accounting class.... Technology replaced the farmers. Now it is coming for the industrial workers and many types of service workers, too. Soldiers and...
Read More »Bill Mitchell — Automation and full employment – back to the 1960s
On August 19, 1964, the then US President Lyndon B. Johnson established the – National Commission on Technology, Automation, and Economic Progress. He established the Commission in response to growing concern during the deep 1960-61 recession that the unemployment had been created by the pace of technological change. Ring a bell! He wanted to an inquiry to explore this issue and come up with recommendations on how to deal with the possibility that automation was wiping out jobs and the...
Read More »