Jon Moynihan, Executive Chairman of PA Consulting Group, made a presentation at the London School of Economics in July 2012 titled The Continued Economic Decline of the West. He dissects the problems we face, taking a deep dive into the stagnating Western world, and proffers some possible solutions. It is worth noting that Moynihan comes to this from a non-Keynsian perspective. Indeed, I found his … Continue reading On the Continued Economic Decline of the West
It always delights me when friends get to meet interesting people. Thus I was pleased to see that Valerie Khoo, founder of the Sydney Writers’ Centre, recently had a visit from Robert Kiyosaki. It is worth watching the entire video as Kiyosaki shares his thoughts on business, the economy, and some possible responses (and he does talk about his new book, Midas Touch: Why Some … Continue reading Robert Kiyosaki drops in to visit @ValerieKhoo & shares some insights
Free people offering their labour in exchange for monetary reward has been fundamental concept for western society. Since the mid-nineteenth century we have not really used forced labour for production. But two examples in recent times make me wonder if that assumption still holds true: Prisoners painted room for former UK Home Secretary, Jacqui Smith Wisconsin Union Workers Replaced With Prison Labor Under Scott Walker’s … Continue reading Labour, forced labour, and capital – is the ground shifting?
I was reading Bill Bonner’s recent post Zombies Born of Government Spending where he posits the notion of zombies in our economy. As Bill defines it: “In economic terms, a zombie is a parasite. He contributes less to the economy than he takes from it. He lives at the expense of others.” His argument is that social welfare programs as practised by most of the … Continue reading What kind of zombies have we created?
Jeff Jarvis sparked my thinking on this recently with his post on The Jobless Future. As Jeff so bluntly stated: “We’re not going to have a jobless recovery. We’re going to have a jobless future. Holding out blind hope for the magical appearance of new jobs and the reappearance of growth in the economy is a fool’s faith.” If that is the case in the … Continue reading How do we create and share value in a jobless economy?