Economics is nothing more nor less than the study of the primary way in which people connect with society and get on with their lives.
In everyday life, you may interact with a few people – family, colleagues, and friends. But through the process of eating and paying the mortgage you interact, at some distance, with hundreds more. Because this interaction is entirely through something called “money,” a way of keeping score, it’s very tempting to look at it entirely through numbers. The dizzying details of tens of millions of exchanges every day makes a top-view in bulk the most desired method of analyzing how things are going.
Yet this process has proven wrong over and over again. The failure of economics, particularly macro-economics, is the primary reason why the only true study of an economy has to be a People’s Economics.
Summer re-run season has me terribly bizzy. This is a repeat from eight years ago which informs the basis of People’s Economics.
The art and skill needed to put knowledge to practical use is more than just what technology is really about – it’s generally seen an increasing share of our economy. The term “Knowledge Economy” comes from Peter Drucker in his 1966 book, “The Age of Discontinuity”. It includes this:
“In a knowledge economy where skill is based on knowledge, and where technology and economy are likely to change fast . . . the only meaningful job security is the capacity to learn fast.”
True enough, since a lot of knowledge applied as an art went to revolutionizing economics itself since that time. But as many of us have learned, the ability to think fast means nothing without the right connections.
Everyone with some sense of drive has a story from when they were young and stupid and believed they could do anything – and by so, doing, did.
For me, this was the restoration of the 1860 Spencer House at 47 Irvine Park, undertaken with my then wife Deb Fitzpatrick. After having lived half of my life in this sprawling pioneer era home it’s time to sell it and move on for a number of reasons. Modesty has always prohibited me from saying too much about this portion of my life’s work, but this is a time to reflect. And make a buck off of it.
The hardest thing to change is often perspective. To see the world from a different angle requires either movement to a new position or an out-of-body experience.
Given how frozen our identities have become in political tribes, it is almost certainly easier to pull someone’s consciousness out their daily routine than to call them over to a new position. Where new perspective is essential to understand radical change in this world, the first step has to be a separation from conventional language and thought. Everything has to be unlearned.
So it is with People’s Economics. Longtime readers will be familiar with the concept that has been developed in real time here on this blog. Now that the camp has been set up in the middle of the dark woods, it’s time to light a fire. People’s Economics is now the Camp/Fire for Barataria, aside from period asides which will in other ways help the promote the general concept of developing new perspective.
It’s an old cliché. “Missing the forest for the trees” has little meaning by itself, but calls up a deeper cultural conversation. This kind of “conventional wisdom” is worth exploring in a world full of a lot of detail but little useful, objective truth.
Megyn Kelly probably thought she had a blockbuster for her new Sunday night interview show on NBC. By sitting down with Alex Jones she clearly planned to use her considerable skill as a no-nonsense interviewer to show the world just who this guy is. It probably never occurred to her that by giving him a platform she was promoting his horrifically unreal nonsense and bringing it to a wider world.
It’s the kind of hubris that Shakespeare made a career out of portraying.
The backlash is massive and there is little doubt it was a mistake. But shouldn’t we shine light on these princes of darkness, the purveyors of a land a few hours past the Twilight Zone? Yes, perhaps, but it takes a certain standard of journalism to do so. The sad thing is that journalism, personified by objectivity, is quite dead. Kelly can’t revive it, either. For better or worse, this is the time for the new daughter of objectivity to take charge of the family treasure, truth, for a new age.
Emmanuel Macron’s La Republique en Marche party is racking up huge gains in the parliamentary elections, verifying the clear message previously sent by French voters – we want something different. Because of their clear choice we also may have an answer to the question posed by restless voters throughout the developed world for the last two years. What is it that they want? Something different, more than anything.
American politics, between elections, is frozen in the choices made last November. All we have to debate is an endless array of minutia, all of which are subject to interpretation for one simple reason – no one can possibly make sense of a lot of details.
We need a distraction, something which takes our focus away from the dazzling details. We need a shinier object that breaks us out of the endless recounting of trees, not forest. And there is nothing Shinier than high technology.
If a political philosophy based on technology seems cynical, consider Macron’s statement, “We need new methods, not ideas.” Let’s take that one step further and make it a platform. Introducing the real Progressives, perhaps called Forward America, likely nicknamed the Technocrats.