Daily Archives: July 22, 2015

The end of capitalism has begun

BOOK REVIEW

Postcapitalism, Author: Paul Mason.

By Paul Mason – Postcapitalism is possible because of three major changes information technology has brought about in the past 25 years.

First, it has reduced the need for work, blurred the edges between work and free time and loosened the relationship between work and wages. The coming wave of automation, currently stalled because our social infrastructure cannot bear the consequences, will hugely diminish the amount of work needed – not just to subsist but to provide a decent life for all.

Second, information is corroding the market’s ability to form prices correctly. That is because markets are based on scarcity while information is abundant. The system’s defense mechanism is to form monopolies – the giant tech companies – on a scale not seen in the past 200 years, yet they cannot last. By building business models and share valuations based on the capture and privatization of all socially produced information, such firms are constructing a fragile corporate edifice at odds with the most basic need of humanity, which is to use ideas freely.

Third, we’re seeing the spontaneous rise of collaborative production: goods, services and organizations are appearing that no longer respond to the dictates of the market and the managerial hierarchy. more> http://tinyurl.com/pvdnx8t

Related>

How Government Can Get Better at Managing Big Programs

By Tom Shoop – The expert panel listed seven conditions necessary to institutionalize program management as a discipline in government:

  • An integrated approach to the development of government-wide program management policy and oversight of agency implementation.
  • Agency leadership support for program management.
  • Integration of program management into strategic planning, goal-setting and performance improvement processes.
  • Clearly established roles and responsibilities of agency executives and stakeholders in program management processes.
  • A strong, senior-level program management organization in agencies.
  • A government-wide job series for program managers that spans business functions with a career path that extends into the senior career executive management ranks.
  • An organization bringing together senior program management officials from across the government to advise on government-wide policy, share leading practices, and oversee the development of expert program management resources.

“Successful adoption of program management would enable the government to more consistently and efficiently achieve public purposes, save taxpayer dollars, enhance service delivery, and perhaps most importantly, rebuild public trust,” the report concluded. more> http://tinyurl.com/nen82tu

Updates from GE

Every Year in July, Oshkosh, Wisconsin, Becomes the World’s Busiest Airport for a Week
By Tomas Kellner – When Paul Poberezny launched the Experimental Aircraft Association in 1953, he could run the gathering of flying enthusiasts and do-it-yourself airplane builders from the basement of his suburban home in Milwaukee, Wis. The group’s first fly-in, which took place later that year, attracted 22 planes and 150 visitors.

Not anymore. Since then, the EAA’s annual fly-in, which now takes place in Oshkosh, Wis., has grown into the world’s largest aircraft gathering.

Every July for a week, Oshkosh’s Wittman Regional Airport becomes the busiest airfield in the world.

Last year, EAA AirVentures Oshkosh, as the fly-in is officially known, attracted 500,000 visitors and 10,000 planes ranging from small, home-built aircraft to a giant Airbus A380.

(Large companies, including GE, do business here and also use the show to look for talent. So does NASA and the Air Force.) more> http://tinyurl.com/o5elsdo

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America’s government debt bomb

By Stephen Moore – The story is simple:

Over the past seven years American companies have become hyper- and even ruthlessly efficient, which has meant shedding unproductive operations and reducing employment, cutting debt burdens, and focusing on profitability.

It’s the reason the stock market has soared since 2008. Companies are now sitting on $1 trillion to $2 trillion of reserve cash, according to The Wall Street Journal, and balance sheets are generally pristine. Households have cut their debt, too.

We have here a tale of two economies. At a time when private-sector debt burdens have flattened out and even fallen, the government debt has soared frighteningly from $8 trillion to $16 trillion.

If there is a fundamental structural weakness in the economy holding back growth, this is it. more> http://tinyurl.com/poasxrf