The 5 Best Books I Read in 2024 By Oliver DeMille
December 19th, 2024 // 5:06 am @ Oliver DeMille
They are all worth reading. In fact, it was very difficult to narrow it down to just 5. With that said, here they are, along with some thoughts on why each one is great, and tips on things to look for as you go. If any of them pique your interest, get them and read… Enjoy the list!
- Insidious by Orrin Woodward. This book is fantastic! A must read, and a runaway for the #1 top book of the year. In fact, it’s so great that I wrote an entire article and review just to talk about the super-important ideas in this one book.
| Tip: Go read my article about this book here. |
- Government Gangsters by Kash Patel. It’s deep, spot on, and incredibly relevant to our world today. Patel outlines what needs to happen to get our government back, specifically to size it down wisely and make it follow the Constitution once again. And he tells us what to do as well as the specifics of how to do it. Great book! Fabulous read, whether you agree with his recommendations or not.
| Tip: Pay special attention to everything he says about “fencing”. This alone is worth the price of the book. And after you study this, also research the word “impoundment” as it relates to the Federal Government. So important. Indeed, Fencing and Impoundment may be as important in our time as Checks and Balances were in the time of the American Framers. Not that they should be, but you want to know what they are and how they are used. |
- Jane Austen’s Little Book of Wisdom compiled by Andrea Kirk Assaf. This small book is pure fun! Every quote is worth deeply pondering. You’ll truly benefit from the witty and profound wisdom it contains. I loved it. Whether you want to be a better leader, spouse, dad, mom, student, sibling, boss, or employee, or just improve yourself and your effectiveness in relationships and life, this book is great reading on two levels—the wisdom of the words, and the beauty of how Austen uses the language. It will put a little more poetry and charm into your personality! Or just bring more smiles to your face in the year ahead. Super fun.
| Tip: Read and ponder one quote each day. At this pace it will last almost a year—and the year will undoubtedly be better! |
Continue Reading >>
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Jefferson-Madison Debates: Mobs, Mobs, Everywhere
October 24th, 2018 // 7:31 pm @ Oliver DeMille
Rising Emotions, Rising Problems
If you’ve watched the news recently, you’ve seen a lot of protestors. They protest policies. Proposed policies. People. Statues. History. Elected officials. Nominated officials. The police. Men. Women. Business and University heads. Visiting speakers. Other races. Other religions. Government officers having dinner with a spouse. The national anthem. Wall Street. Bill Clinton. George Bush. Barack Obama. Donald Trump. Obamacare. The latest war. The list goes on and on.
When the Left agrees with something a big protest is promoting, they frequently call it a Peaceful Protest, even if the reality is a bit less than “peaceful”. If they disagree with the group, like during the height of Tea Party demonstrations, they call it a Mob. The Right often does the same thing–Peaceful Protests if they agree, Mobs if they don’t.
Of course mobs, demonstrations, and protests have been around a long time. In ancient Greece, they were seen as the most dangerous threat to any established government. In modern-day Europe, they frequently take on a highly violent tone–at times moving from Protests to full-blown Riots in just minutes. And who can forget the symbolic power of great protests in history, like students gunned down at Kent State, or the man who stayed in front of the tank in Tienanmen Square and put his own life on the line for change?
But are mobs, or protests, effective? Do they typically achieve the things the marchers want? Indeed, do they ever really obtain the stated goals? Tienanmen Tank-Man isn’t running China today, the Tea Parties didn’t get Obamacare repealed or Obama to scale down his rhetoric. Trump isn’t caving in to protestors either, and the Supreme Court is made by elected officials, not mobs. Even the truly violent riots in Europe have resulted mainly in hiked-up budgets for police and military response units. The one exception to this rule seems to be on American campuses, where many universities routinely change policies, leadership, direction, and even what they teach as facts (!) in the classroom in the face of mob demands. Elsewhere, however, protestors seldom bring lasting change.
What Next?
I recently read a very thought-provoking article on this topic, and I recommend it for all Madison-Jefferson Debate readers. If you’re like me, you won’t agree with everything you read in it, but you’ll agree with some, and it is full of ideas that are poignant and timely. The article is in the October 2018 issue of The Atlantic: “James Madison vs. the Mob”, by Jeffrey Rosen.
Enjoy the read. And ponder, debate, and think about this. It’s a true sign of our times…
https://www.theatlantic.com/magazine/archive/2018/10/james-madison-mob-rule/568351/
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The Jefferson-Madison Debates: Are Today’s Education and Politics Entering the Age of Star Trek?
May 12th, 2018 // 9:02 am @ Oliver DeMille
“A shoe, too, is no longer a finished product, but an endless process of reimagining our extended feet, perhaps with disposable covers, sandals that morph as you walk, treads that shift, or floors that act as shoes.” —Kevin Kelly
“We have long argued that as the Web extends in usage…increased access to factual information would improve the quality of public discourse. However, the opposite seems to be occurring.” —Don and Alex Tapscott
Given how much technology has changed the world in the past twenty years, and how differently we now live, it’s easy to assume that the Internet Revolution has brought the big change—and this era of massive shifts will slowly relax back into some kind of normality. But the truth is that we are just at the very beginning stages of the Information Age. The changes have just begun.
Following are a few of the major developments still ahead, as described by the experts on current technologies. As you think about each of these, consider the ramifications of these trends as they relate to the future of education, career, the economy, and the type of education needed for the emerging economy:
1. Autonomous vehicles. Self-driving cars are a reality.[i] How long they will co-exist with human drivers before the laws require all cars to be driven electronically remains to be seen.[ii] Self-driving planes, boats, and trucks will also change our lives drastically. Flying vehicles are next. As drone technology improves, taking people as passengers may not be too far away.
2. 3D Printing (additive manufacturing).[iii] This will revolutionize transportation, shipping, and manufacturing. Things that can be printed out in our own homes don’t need to be built in factories, or shipped by truck, airplane, or even drone. 3D printing will also have significant impact in medicine by printing certain medical implants.[iv] In fact, 3D printers now print food, including candy—and some people think it even tastes good.[v] One taste tester wrote: “It tastes like an after-dinner mint mixed with a sugar cube.”[vi]
3. 4D Printing. The printers will print smartobjects that are self-learning, and self-altering in response to their environment.[vii]
4. New Smart Materials. As Klaus Schwab, Founder of the World Economic Forum, put it: Some are “self-healing, self-cleaning, metals with memory that revert to their original shapes, chemicals and crystals that turn pressure into energy, and so on…. Take advanced nanomaterials [nano means smaller than the human eye can see] such as graphene, which is about 200-times stronger than steel, a million times thinner than a human hair, and an efficient conductor of heat and electricity. When graphene becomes price competitive…it could significantly disrupt the manufacturing and infrastructure industries.”[viii]
5. iMoneyCenter. As Forbes put it: “Your cellphone will become a global bank. Mobile money accounts already outnumber traditional bank accounts in parts of the developing world, and new technology will turbocharge that trend, allowing payments to anyone, anywhere, in local currencies.”[ix]
6. RFID (Radio Frequency Identification). Tiny tags can be put on pretty much anything, or anyone, and track where it is at any time, all over the world.[x] This technology is cheap and easy to use. The tags can even contain sensors that keep track of how well the item is doing, and what it is doing.[xi]
New Normal
Kevin Kelly said of the various kinds of small digital devices that are being created: “A few are shrinking to the size of the period following this sentence. These macroscopic measurers can be inserted into watches, clothes, spectacles, or phones, or inexpensively dispersed in rooms, cars, offices, and public spaces.[xii] Sensors can be built to watch and listen.” He also wrote: “Massive tracking and total surveillance are here to stay.”[xiii]
The machines are becoming ubiquitous.[xiv] Moreover, a lot of people like it this way. One report summarized the trend as “Our Love-Hate Affair With AI.”[xv]
The ramifications of the new era of machines for freedom and relationships of all kinds are immense.[xvi]
7. Gene Mapping and Synthetic Biology. This is popularly called the creation of “Designer Babies.” “It will provide us with the ability to customize organisms by writing DNA.”[xvii] “Today, a genome can be sequenced in a few hours for less than a thousand dollars.”[xviii] And at some point scientists foresee artificial memory implanting into peoples’ brains.[xix] Just download what you want to know—facts, dates, formulas, etc. Gene Mapping will impact agriculture and the energy sector (by producing biofuels) as well as medicine and education.[xx]
8. Personalized Medications. Medicine, from those used to treat advanced diseases to simple aspirin, will be personalized for each individual—“tailored to your DNA.”[xxi] These will likely be very expensive at first, further widening the gap between the upper and other classes.
9. Non-Communicative Relationships. A number of popular magazines each month present articles that tell men and women they need to turn off their electronic gadgets and talk to their spouse or significant other. The articles are detailed and specific, with advice like “look your spouse in the eye while you talk to her,” and “actually listen to the words he says and try to connect with his logic and feelings,” etc.
The volume of such articles suggests that this is a serious problem. Relationships are often victims of addiction to electronic devices, texts, messages, and other incoming communication that is more highly valued than interaction with the live person in the same room.
Relationships and Roboticships
Moreover, emerging technology will very likely throw a serious monkey-wrench into many relationships. VR (Virtual Reality[xxii]) is incredibly advanced now, and will soon be on the market in extensive ways. A person can slip on a VR helmet or glasses and be transported mentally to a whole new world. Some VR research and development is focused on porn, although the tech world prefers the term “alternative relationships.” How will this impact marriage, family, education, and stable relationships?
Robotics have reached the point that lifelike “partner dolls,” sometimes called “sex dolls”, that talk and interact are already available.[xxiii] Soon, experts say, they’ll be easily accessible online and sold in our corner neighborhood stores.[xxiv] It’s a potential revolution in lifestyles, and the impact on relationships will certainly be real.[xxv] It is unclear how this will influence marriage and family, but the prospects seem quite negative.
A number of apps try to fulfill the same need—for relationships in an electronic format.[xxvi] If we find it difficult now to put down our phones or take off our headphones to engage in meaningful conversation and relationships, imagine how difficult it will be to turn off the robots, apps, and VR glasses.[xxvii] VR, and lifelike personal relationship robots, can be programmed (or told by the user) to never argue, nag, disagree, shout, or storm away.[xxviii] Again, such devices won’t take the place of quality, mature relationships, but they could very well hurt or make such relationships more difficult.[xxix]
10. The Rise of the Algorithms. Online technology now employs numerous advanced algorithms and AI technologies that are learning to do everything from sensing where our eyes are gazing (in order to know our interests and sell to us)[xxx] to what our politics are (as mentioned above, this could be to allow providers like Facebook and Google, or others, to determine what news feeds to send us—to promote their own political goals), to how empty the milk carton in our fridge is (in order to order a fresh one).
Schwab said: “Amazon and Netflix already possess algorithms that predict which films and books we may wish to watch and read. Dating and job placement sites suggest partners and jobs—in our neighborhood or anywhere in the world—that their systems [algorithms] figure might suit us best.
The Man AI in Charge
“What do we do? Trust the advice provided by an algorithm or that offered by family, friends, or colleagues? Would we consult an AI-driven robot doctor with a near perfect diagnosis success rate—or stick with the human physician with the assuring bedside manner we have known for years?”[xxxi]
AI is tasked with watching us and learning from us, and as AIs become smarter, some of them will be incredibly effective forecasters. Companies may even be valued based on their AI. For example, Kelly wrote: “Amazon’s greatest asset is not its Prime delivery service but the many millions of reader reviews it has accumulated over the decades.”[xxxii] These reviews, and the AI that runs them, learns from them, and uses them to help predict what books each user is likely to enjoy, is a huge asset.
The concept of establishing corporate boards of directors made up entirely of Artificial Intelligence is discussed openly and seriously.[xxxiii] Do we want algorithms in charge of everything?
In education, the possibilities are seemingly endless—and just as alarming. Kelly wrote: “The tiny camera eyes that now stare back at us from any screen can be trained with additional skills…researchers at MIT have taught the eyes in our machines to detect human emotions. As we watch the screen, the screen is watching us, where we look, and how we react.
“Since this perception is in real time, the smart software [algorithms] can adapt what I’m viewing. Say I am reading a book and my frown shows I’ve stumbled on a certain word; the text could expand a definition.”[xxxiv]
This means that the text of the book is changing before you read it, based on what you have read so far and how you reacted. In other words, the computer is in effect censoring what you read before you even read it.
What about the author’s intent? Well, that depends. The AI, or the people who commission and oversee the AI, may decide to carefully protect the original text, or they may not. They may edit, censor, distract, etc.—whatever they think best achieves their goals.
Remember that thing called Thinking?
They may even have different ways of dealing with different people—like Google gaming the search system so that people who look up a certain Republican candidate get the most negative articles about him on the first page, while those who search for his Democratic opponent get the most flattering articles (or vice versa).
Or they might simply guide your searches to the companies who paid them the most to do so. If these guides are personalized and targeted to each individual user (like in the movie Minority Report), different readers will literally be getting a very different education. One student will read very different things than a second student, while the third reads yet another thing—all determined by AI and/or those who program and control the AI.
Kelly continued: “Or, if it realizes I am reading the same passage, it could supply an annotation for that passage. Similarly, if it knows I am bored by a scene in a video, it could jump ahead or speed up the action.”[xxxv] If we choose such functions on a menu, that’s one thing. But what happens if the big businesses or the cyber-governmental-industrial-complex just decides that this kind of censorship is best for the people? Or for a certain group or type of people, such as those from a certain religion or political party?
On purely educational grounds, having the computer supply definitions, commentaries and links is bad for thinking. It teaches rote dependence on experts, even if the expert is an AI. If we don’t have to question, ponder, or debate the books we read, we’ll be thinking a lot less. The words censorship and brainwashing aren’t farfetched in this context.
What about politics? The media and party-media machines already spread a lot of false information. What will happen when algorithms take over the media spin? It will personalize to each reader, each person using the Internet (or whatever kind of Supernet or Skynet takes its place). As such, the AI will learn how to confuse each person the most effectively. Again, this isn’t far from the personalized billboards and ads in the movie Minority Report.
(Un)Locked Doors
On an even larger scale, if an algorithm claims to predict which of various candidates would make the best president, prime minister, judge or senator, do we just give up voting altogether? After all, the voters seldom put in leaders who truly deliver what they promised. Or will the experts try to convince us that an algorithm-based AI should be our president and Congress and Court and make our top government decisions—getting rid of human error altogether?
And in all this, let’s not forget that someone can access the algorithms. All computers can be hacked—so far. As author Marc Goodman put it: “There’s never been a computer system that’s proven unhackable.”[xxxvi] Bigger technologies mean bigger hacks, with more drastic impact on people.
And won’t the growth of the Internet just funnel more and more power to a few elites who control the algorithms? The answer is “Yes. Emphatically yes!”
In fact, is there any way to stop this from happening?
11. “Reshoring.” This means that when high tech processes like 3D printing, gene mapping, and RFID tagging become mainstream around the world, many industrial jobs will be lost—but a lot of high-tech jobs will move back to the most advanced nations in search of highly-trained workers with expertise in areas conducive to high tech.[xxxvii] Whether this will happen or not remains to be seen. It may not happen at all. “…many workers [may]…end up permanently unemployed, like horses unable to adjust to the invention of the tractors.”[xxxviii]
12. Portfolio Careers. These occur where a person’s career includes doing several different jobs for different employers in the same day.[xxxix] For example, one person might be a teacher during the school day, a restaurant manager during the evenings, and an eBay seller in his spare time—all to make ends meet. Portfolio careers may become very widespread in the new economy. A lot of people probably won’t like such a development, leading to increased class divisions and conflicts.[xl]
13. Even Greater Class Divide. As Schwab wrote: “…half of all assets around the world are now controlled by the richest 1% of the global population, while the lower half” of the population control less than 1% of world assets.[xli] Or as the Tapscotts put it: “…the global 1 percent owns half of the world’s wealth while 3.5 billion people earn fewer than 2 dollars a day.”[xlii]
To be continued next week …
[i] Schwab, 15, 147-148; see also Kevin Kelly, The Inevitable, 2016, 50-51; Brynjolfsson, 14-20; See Sam Smith, “The Truth About the Future of Cars,” Esquire, April 2016, 69-74; Erin Griffith, “Disconnected,” Fortune, August 1, 2016, 44.
[ii] See Smith, 69-74.
[iii] Scwhab, 15; see also Brynjolfsson, 36-37; Kelly, 53.
[iv] Schwab, 15, 22, 161-167.
[v] Andrea Smith, “Print Your Candy and Eat it Too,” Popular Science, January 2015, 24.
[vi] Ibid.
[vii] Schwab, 16.
[viii] Ibid., 17.
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One Great Challenge Facing America Today
August 26th, 2017 // 4:51 am @ Oliver DeMille
The Coming Fall
Only 15 percent of Americans are on target to fund 1 year or more of their retirement. One single year. Yet many will live twenty to thirty years after retiring. This one fact alone is a major blow against conservatism.
It may in fact kill conservative principles and ideals in the next two decades, and it could deeply hurt the American economy and our freedoms in the process. This is not an exaggeration. Put simply:
How can conservatives expect to win elections or, even if they are victorious at the ballot box, actually pass conservative laws and policies when more than 85 percent of the American people are going to be fully dependent on someone else’s money for housing, food and clothing, health care, and other expenses during retirement?
With the massive Baby Boom generation moving into retirement, many analysts ask: how can the United States implement anything short of collectivist socialism in the next thirty years?
To cut away the safety net, or to default on the promised Social Security and healthcare benefits workers paid into for decades, would be immoral and create widespread poverty for many of our most vulnerable. To buck up and pay for these obligations, and supplement them with what will be needed for millions of retirees to just get by, will require levels of taxation and regulation that will truly be nothing short of…well, socialism.
Bottom Dollar
Few people want to admit this reality—Republican politicians least of all. But over sixty years of government promises, spending money that should have been saved, inflating the currency, and putting numerous regulatory hurdles in the path of entrepreneurialism, innovation, and economic growth have taken their toll. A national debt north of $20 trillion dollars (more than $100 trillion when all the obligations and liabilities are met, and a lot more as these obligations and interest on the debt increase every month) leave us little wiggle room.
There are two realistic responses. First, we can go after major economic growth. This will require a systemic change in our economy—meaning mass deregulation and getting the government almost entirely out of the marketplace. Tax rates must come down drastically, and foreign-held corporate money must be encouraged to repatriate without penalty. Foreign direct investment must also be recruited (another reason tax rates must be significantly reduced).
The second option is to keep on the current path until we default, then allow an IMF bailout of the U.S. and the replacement of the dollar as the world reserve currency with International Monetary Fund SDR currency or some other (probably electronic) legal tender. This will result in a major reduction of the standard of living for most Americans and an explosion of additional government handouts. Most retirement and other savings that do exist will be wiped out, and nearly all Americans will go on the dole, with a few elites at the top, and both socialism and globalism will dominate.
The amazing thing, to me at least, is that many of our nation’s leaders right now—in both parties—actually prefer the second option. Moreover, a lot of them believe that this is the best course for our future. They deeply believe in globalism, collectivist economics, and the end of America’s attachment to free enterprise, gun rights, family values, and religion. They believe that government is the greatest power on earth, and deserves our universal allegiance and support. Even, ultimately, reverence. Anyone who disagrees, they believe, is small-minded or caught in the past—or both.
New or Old
Not only do many Democratic leaders hold this view, but a surprising number of Republican officials believe it as well, or at least they vote like they believe it (which brings the same results). This is a real battle, and the globalist elites are winning. The media, most of academia, and a majority of politicians are on their side. In their view, the future of the world is at stake—either a bright future of globalism (with elites in charge) or a return to dark-age tribalism, as they see it (where the regular people rule through small-minded, unenlightened democratic influence), will ensue. They are determined to ensure the globalist outcome.
They literally consider it a war–and one that is worth winning, whatever the cost. If academia, media, Hollywood and the lobbyist/D.C. bureaucracy/political party-apparatus can force the Trump administration to back down from anti-globalist policies and behaviors, so be it. That’s what the hubbub is about on the nightly news, investigations, etc.
But if not, they’ll take more drastic measures. A currency default might do it, causing bank holidays and massive layoffs. Or a serious shakeup in the White House—brought on by the Special Counsel, indictment of the President, or something else that circumvents the will of the voters and instead chases the goals of the elite. Something unexpected, of the same magnitude, could trigger a return of White House alignment to globalist goals. Today’s elites in government, media, finance, etc. can hardly remember a time when globalism wasn’t the clear agenda. Most of them are outraged at the very thought.
The rest of America has a serious problem. Remember the 85 percent of Americans who don’t (or won’t) have enough retirement savings to last more than a year? How are conservatives going to effectively promote smaller government and a return to genuine free enterprise in a nation strapped with the $20 trillion-plus national debt, $13 trillion in consumer debt, over $100 trillion owed in debt plus unfunded liabilities, and many millions (and growing) of retirees who will desperately need financial support?
The Next Step
I’m an optimist, because I believe the best days of America and the world are yet to come. Usually I infuse my writings with optimistic ideas on how we can really improve things in the days ahead. But right now I have to admit that I’m concerned. I’m not sure how we get past the economic hole we’ve dug for ourselves—not just politicians, but the regular people as well. We are culturally, if not actually, dependent on government spending and government growth.
Yes, a lot of people want the government to cut back, but they can’t agree on what to cut. Almost all Americans want the government to keep spending for things that benefit them directly. The ones that support cuts mostly only support cutting other people’s government benefits. Thus Congress doesn’t actually fix much.
Unless this changes, Democrats will continue to be the party of bigger government and increased socialism while Republicans will talk about smaller government, limits, and Constitutional boundaries—but when the votes come to the Senate, truly conservative changes won’t have enough Republican support to pass, and when cases make their way to the Supreme Court, free enterprising systemic changes to the government-corporate-K Street nexus won’t have enough Justices behind them. Too many officials simply aren’t willing to do what needs to be done. It’s too hard, and too unpopular.
I’m not sure what can change this.
Of one thing I am certain, however. History is absolutely clear on this point. As goes entrepreneurship, so goes our nation. Ultimately, a major increase in effective entrepreneurship, innovation, and business ownership is going to make or break us. It will create growth if it happens, and that changes everything. Also, the future of entrepreneurship is something each of us can influence. Our next three decades will either bring massive economic growth or the rise of rampant socialism to America. To choose the path of growth, our government can help (by deregulation and choosing to be smaller)—but a lot more people engaging effective entrepreneurship is the indispensible. Period.
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3 Things We Aren’t Talking About Enough by Oliver DeMille
May 19th, 2016 // 8:19 am @ Oliver DeMille
These three things are big deal. A very big deal. They’re floating around there in the back of our minds, but we don’t talk about them very much in our current society.
We need to start.
I
First, it is clear to almost everyone that the Drone Revolution has drastically changed the world—probably in ways that we can’t really undo. Whatever other functions they’ll eventually fulfill, drones are the ultimate war machine. They can be programmed to do things unimagined in earlier wars, like search out specific people from certain races, religions, viewpoints, business or educational backgrounds, etc.
They can be programmed to target a specific person. And all his/her friends. Everyone he/she loves. Those who agree with him/her on political issues. Governments can use drones on their own people, as well as in battle.
Very few people are taking this very seriously. On the one hand, it’s so potentially monstrous that we don’t like to think about it. Imagine drone technology in the hands of a Stalin, a Hitler, a Nero, Caligula or Mao, Saddam Hussein or an ISIS sympathizer in your neighborhood. If history has taught us anything, it’s that bad guys do sometimes rise to great power.
It will happen again, and drone tech combined with computing power is a recipe for disaster.
On the other hand, if we did want to stop it, what would we do? Most people believe it’s a fait accompli. No chance of turning it around. They’re probably right.
II
Second, the Crowdsourcing Revolution isn’t over—it’s just beginning. It has largely put the newspaper industry on the ropes, and the book industry is also now under the gun as Amazon grows. In fact, many brick and mortar malls are increasingly empty as Internet sales on many types of products and services soar. Education at all levels is facing serious competition from free online learning sources, and big swaths of the health care sector are being crowdsourced as well.
The good side of crowdsourcing makes a lot of things less expensive, easier to find, and quicker to obtain (or learn). The downside is that the large companies that control the data have algorithms that can influence us in ways we never imagined. For example, a man texts his wife to find out where a certain kind of cereal is in the pantry, and within minutes his smartphone chimes and offers him a coupon for the same cereal—from the supermarket closest to his home. Or if he texted from the office, it lists the grocery store nearest to his work.
This kind of data-mine-marketing is becoming a commonplace experience for those who use certain apps, and while it might feel a bit creepy at first, over time people get used to it—and even grow to expect it. Very Minority Report. How much governments and private organizations are using this kind of tech is unclear, but it’s growing. Add personal location tracking technology to the mix, and we really are living in a surveillance state.
III
Third, there’s a new buzzword floating around in economic circles: “Crowd-Based Capitalism.” The idea is that in the emerging 21st Century economy we’re evolving a whole new economic model. Not socialism. Not capitalism. Certainly not free enterprise. A new approach. As one book from MIT put it, we’re moving into a “Sharing Economy,” where “the end of employment” is being replaced with “the rise of crowd-based capitalism.”
The idea that employment as we’ve known it for the last six decades is increasingly outdated. For example, in the May 2016 issue of The Atlantic an article showed how one couple used up their entire life and retirement savings—and the entire life savings of the husband’s elderly parents—to put their two daughters through college. The idea of college training being essential is now being taken to incredible levels: The savings of two couples wiped out, just so their offspring could graduate with a degree—in an economy that doesn’t value degrees like it used to. (See “My Secret Shame,” The Atlantic, May 2016)
A truly new economy is emerging, but most people haven’t realized it yet. They’re still caught in the old—and paying for it in tragic ways.
Another example: When 2016 presidential candidate Ted Cruz said the following, “The less government, the more freedom. The fewer bureaucrats, the more prosperity. And there are bureaucrats in Washington right now who are killing jobs…”, the response was immediate. Two professors, one from Yale and the other from Berkeley, replied that the opposite is true: The bigger the government, the more freedom, and the bigger the bureaucracy, the more prosperity. (“Making America Great Again,” Foreign Affairs, May/June 2016)
A lot of people actually believe them.
But reality is still reality. Crowd-based capitalism means more government, and this isn’t the path to a great economy. The thing that is actually rising to replace the 1945-2008 era of employment it is a reboot of entrepreneurship and small business ventures.
The new economy can go in one of two directions:
- Government reduces the amount of anti-business and job-stifling regulations, and spurs a major entrepreneurial boom. This will create a lot more jobs, opportunities, and incentives for increased global investment in the U.S. economy.
- Government keeps increasing business-stifling regulations and takes the profits from businesses (big and small) to create a “sharing economy.” This will create a much higher rate of dependency on government welfare and state programs, reduce the number of people fully employed (making enough to live in the middle or upper class), and drive investment to other nations.
How the so-called “sharing economy” differs from socialism is actually academic. Yes, on paper it has a somewhat different structure than Marxian socialism. But for the regular people it’s going to feel pretty much the same. A few wealthy and powerful elites at the top, a small middle class of managers and professionals who work mostly for the elites, and a burgeoning underclass living largely off government programs.
Two books* on this topic are: (1) The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism by Arun Sundrarajan, and (2) Saving Capitalism: For the Many, Not the Few by Robert Reich.
For the other side of the argument—why freedom and free enterprise are the real answer—see my latest book, entitled Freedom Matters.
Middle America is still experiencing a serious economic struggle. Things are getting worse, not better. As one report on the heartland put it: “On every sign, in every window, read the vague and anxious urgings…Remember the Unborn; …Don’t Text; Don’t Litter; Buy My Tomatoes (Local!); Let Us Filter Your Water; We Can Help With Your Bankruptcy. Then bigger gas stations sprawled on crossroad corners, unoccupied storefronts…another consignment store.” (“The Country Will Bring Us No Peace,” Esquire, May 2016)
As an ad for Shinola products reminds us: “There’s a funny thing that happens when you build factories in this country. It’s called jobs.” We haven’t seen very many factories built here for a long time. Crowd-based capitalism isn’t a solution.
Conclusion
Together, these three changes in our world are a very big deal:
- The Drone Revolution
- The Crowd-Sourcing Revolution
- The Post-Employment Economy
If you have more ideas on these important developments, share them. If not, learn more about them.
The future can be determined by a few elites who think about such things, or by all of us. The more regular people engage such important topics, the more influence we’re likely to have.
The truth is, we’ve forgotten Watergate and Kent State. (See “The Cold Open,” Esquire, May 2016) We’ve forgotten Nixon and that the 2000 presidential election was decided by the intervention of the Supreme Court. (Ibid.) We’ve forgotten a lot of things.
As one report put it: “We’ve forgotten how easily we can be lied to.” (Ibid.) If we let them, Washington and the media will just tell us what the elites want us to know—and think.
*affiliate links
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