Watched S5E1 of “Rake” with Shelley tonight. As the credits rolled, she says “Rake is back”. Yup.
Stiglitz’ laundry list of fixes is good, comprehensive and likely not do-able in the context of the political system as it stands. Any takers? His diagnosis is good, though, especially when he dissects other arguments for inequality.
By Ryan Avent, of The Economist. A thoughtful look at what he terms the “surplus of labour” inherent in rising automation. What is really valuable in the economy of today: capital as traditionally understood, labour, or something he calls “social capital”, which is intrinsically rooted in the people working on an organization? And if it’s the latter, as he argues, how do those people gain more of the return from their activity? Worth the read.