Dyrehaugen

How to explain geopolitics to your kids Question: If on your vacation you arrive in a new country and do not know which economic system rules there, how can you find out whether it is capitalism or socialism? Answer: Go to the best beach on a warm summer day - enjoy the swim and relax in the sun. After a while, when the need of an ice cream arises, look around to see where the ice cream sellers are located....

In China humanoid robots are now outperforming humans in marathons. Why should not the same happen to dancing? Class Robots It takes two for capitalism to dance - capitalists and workers. In the 1980s capitalists were nearly eradicated, but neoliberalism rescued them from extinction. From that time wages gave up following productivity - workers were held on the subsistence minimum of modern society and capitalism blossomed once more. Since then automation and robotics have arrived from the wonderful world of technology....

Commodifying human interaction AI replaces scarcity with abundance. Economics is the discipline for management of scarcity. Will AI make economics irrelevant? No, says Alex Imas “we will still have scarcity, but the kind of scarcity that matters will change.” It may be reasonable for an economist to be unable to accept the need for his daily business disappear, so he goes on with a lengthy essay and CES-modelling to find the new kind of scarcity that AI presumably will conway....

It takes two for a tango. And it takes two classes for capitalism to dance - capitalists and workers. Much focus has been put on the fact that wages have to be above subsistence for the working class - and thus capitalism - to function. Less attention has been given to the critical level of capitalist consumption for the capitalist class to survive. Untill now. What happened around 1980? In an intriguing new article Nicolas Villarreal demonstrates that the capitalist class experienced a near-death event around 1980 and was only saved by the neoliberal turn....

Low-Cost Imperialism has arrived The US has accumulated a national debt of $36 trillion and are facing growing doubts about it capability to service it. Reduced trust will feed into increasing interest levels ahead and will just make the squeeze more severe. So why not go into ‘Viking Mode’ - go out looting abroad for cheap real resources to balance the book! When the goal is Resource Extraction, Democracy is an inefficiency....