On a bizzy Monday, I thought I would re-reun this piece from four years ago with no edits. I think it’s even more accurate now.
Is technology a net creator or destroyer of jobs? The question is as old as the Industrial Revolution, when workers in mills found themselves put out of work by large industrial looms. In France, they threw their shoes (sabots) into the weaving machines to destroy them – the origin of the term “sabotage”. The protests didn’t stop the machines, however, and the workers had to find something else to do in an ever-changing economy where machines did more and more work.
Today, the pace of technological change is faster than ever, with new gadgets coming into our lives constantly. Automation is also transforming our lives, with new robots and artificial intelligence replacing workers constantly. Are today’s productivity gains tomorrow’s unemployment? Increasingly those who study technology in our lives and the popular media are coming to the conclusion that yes, workers are net losers in the race against tech. And this is not a partisan issue.
Queen Elizabeth II (or I, if you’re Scottish) is one of the most powerful people in the world. She can dissolve Parliament on a whim, declare war, revoke passports, and commit just about any act that would be a crime to anyone else with no consequences.
This may surprise you, given that she never does any of these things. Yet the main reason why the monarch of the UK still holds all these powers, what with the Magna Carta and Commonwealth and other historical tidbits, is a simple one. She absolutely never uses them. If she did, you can bet the UK would become a Republic faster than you could sing, “Rule, Britannia.”
This may seem like a rhetorical point, even with Brexit turning far further South than the Treaty of Rome ever enabled. But we’re about to see this principle in action. Not in the UK, but here in the US.
Governor Newsom has officially ended California’s main high speed rail effort, cutting the project to the small section currently under construction. It’s a sad day for those of us who are supporters of high speed rail across the US for many reasons.
The most important reason to find this announcement upsetting is that it simply had to happen. This line, as conceived, planned, and implemented was dangerously flawed. Moving forward with this as the standard of rail in the US would cripple implementation across the nation.
It’s better off dead. We’re all better off with it being dead.
Fifty one years ago, the United States was in turmoil. Dr King was slaughtered, and later Bobby Kennedy. Protests against the Vietnam War turned violent. So did the Democratic convention. It was the year America fell apart, possibly never to be put back together quite right.
But that year a guiding light came into American homes, flickering with the cool glow of a television. Fifty years ago Mister Rogers achieved national syndication from PBS and quickly became the pastor, the psychologist, and sometimes even parent for a generation.
Today, we may need Mister Rogers more than ever.
This article, a repeat from seven years ago, is actually more relevant today as the federal debt spirals out of control without even a solid crisis to explain it.
Those of you who are regular readers know that one of the basic principles of Barataria is that over the long haul there are very few surprises. Great empires come and go, economies hum along and then break, and new technologies add sparkle to our lives – but people are still people. When we take a strong half-step back, far enough for some perspective but not so far back we can’t keep our hands dirty, just about anything starts to make sense.
Today’s piece is a small summary of one small part of a breathtaking interview with Dr. Lacy Hunt of Hoisington Investment Management, conducted by Kate Welling and published by John Mauldin. The original article is a must read, but it takes hours to read, digest, and re-read. But there is one part that demands more discussion – and has a killer graph.
A day after the State of the Union address has the internet lit up. Everyone has an opinion, and many of them want to state it. Topics range from the substance of the address to how it was presented and ultimately how it is received in the nation given a varying degree of relevance.
It’s entirely possible to go through this point by point and make some kind of alternative statement about the state of the union as I see it. But that seems to miss the main point. Our nation is fractured and unfocused. Why? Before we debate this topic, it seems reasonable to go back to the main purpose of debate in the first place, a fundamental skill necessary for an open, free, and democratic society.
The purpose of debate is to learn.
I have been revisiting some of my earlier work on strategy. This piece from nine years ago is about implementation of it and making it stronger with a transparent organization. While this is about organizng, the principles are the same in a company – where the organizing principle is the job.
Organizations that thrive in a changing world all have one thing in common – a strong strategic focus. They know their objectives and strategy very well and communicate them effectively. What is less obvious is that a good strategic plan comes from individual people. It takes a lot of skill and a little planning to work it up into a real plan, but there is never any substitute for the old “walk and talk” – getting to know the clients, customers, employees, citizens, or any other way you want to define the people of an operation.