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Olduvai III: Catacylsm
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Serf-Expression

Serf-Expression Eventually the “flock of timid and industrious animals” changes their minds about how much exploitation by the few is acceptable. You may have noticed the news flow beyond the hot war in Ukraine is largely focused on capital: financial capital (markets, liquidity, interest rates, commodities, central bank tightening, etc.) and political capital (geopolitical maneuvering, sanctions, revising energy and defense […]

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Of grain and gulags: a note on work, labour and self-ownership

Of grain and gulags: a note on work, labour and self-ownership I’ll begin with a brief account of how our modern global grain trading system was invented in Chicago in the 19th century, which is maybe a bit of a jolt from the present focus of this blog cycle on the forms of property but hopefully […]

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A world for the many, not the few

A world for the many, not the few “The very notion of ‘charity’ erases a global history of slavery and oppression”. Asad Rehman applauds Labour’s ambition to overhaul neo-colonial development policy Illustration by Andrzej Krauze In 1792, pioneering British feminist and social justice activist Mary Wollstonecroft wrote in her seminal book The Rights of Women, ‘It is […]

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The return of the peasant: or, the history of the world in 10½ blog posts. 10. The current impasse

The return of the peasant: or, the history of the world in 10½ blog posts. 10. The current impasse I’ve just returned from a short but fascinating meeting in Nicaragua on small-scale farming, which I plan to write about soon. But first I want to finish my history of the world. Apologies if the latter […]

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Money v Fiat

Money v Fiat QUESTION: Why do you do not see that money must be backed by something tangible? ANSWER: That is a barter perspective which is so antiquated you are blind to reality. Your proposition is only gold has value and you yourself are worthless. This idea of fiat money is just out of line with […]

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Chinese Company Moves to Replace 90% of its Workforce with Robots

Chinese Company Moves to Replace 90% of its Workforce with Robots I’m not one of those people who thinks robots taking over menial labor from human employees is a bad thing. On the contrary, I think such a displacement could ultimately prove very positive for the species. Nevertheless, the short-term pain and suffering that this could […]

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Eh is not OK: Canada’s Jobs Begin to Unravel

Eh is not OK: Canada’s Jobs Begin to Unravel Canada’s employment stats for February were not what most expected – there was a huge jump in full time jobs. Most commentators tried to put a positive spin on this but I have to disagree. Canada’s labour market is struggling and the outlook for the near […]

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charles hugh smith-Our New Robot Overlords & The Third Type of Capital

charles hugh smith-Our New Robot Overlords & The Third Type of Capital. Our New Robot Overlords & The Third Type of Capital   (October 18, 2014) Fortune will instead favor a third group: those who can innovate and create new products, services, and business models.A recent issue of Foreign Affairs sported a catchy cover teaser: Our New Robot […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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