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Economics, Industry, and Business

Winners and losers in the world after corona: the age of big government?

overnments will strong-arm or nationalize companies, pay salaries, compensate businesses and do it by printing money and piling up debt. No one expects the invisible hand to fix this problem, so we are in for an age of big government. If it sweeps aside foolish opposition in the United States to wiser taxation, gun control and especially universal health care, then coronavirus will have done some good.”

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Our Automated Future – definitive must-read on the future of work (via The New Yorker)

“Google offers a vivid illustration of how new technologies create new opportunities. Two computer-science students at Stanford go looking for a research project, and the result, within two decades, is worth more than the G.D.P. of a country like Norway or Austria. But Google also illustrates how, in the age of automation, new wealth can be created without creating new jobs. Google employs about sixty thousand workers. General Motors, which has a tenth of the market capitalization, employs two hundred and fifteen thousand people. And this is G.M. post-Watson. In the late nineteen-seventies, the carmaker’s workforce numbered more than eight hundred thousand.”

Our Automated Future
https://www.newyorker.com/magazine/2016/12/19/our-automated-future
via Instapaper



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Thomas Piketty proposes flight tax to raise climate funds (and I’d be inclined to support it)

This makes sense to me - even thought I'd be hit hard by it, myself

“Air travel should be taxed to protect the world’s vulnerable from drought, flooding and sea level rise. A €180 ($196/£130) levy on business class tickets and €20 on economy class would raise the estimated €150bn a year needed for climate adaptation.  That is one proposal by French economists Lucas Chancel and Thomas Piketty to address global inequalities between high-polluting individuals and the victims of climate change.

“Taxing flights is one way to target high emitting lifestyles, especially if we tax business class more than economy class,” Chancel told Climate Home. “A tax on air tickets to finance development programs already exists in some countries. What we need is to increase its level and generalise it.”

Piketty – author of Capital, a bestseller on wealth inequality – and Chancel outline huge disparities in people’s carbon footprints across the world. One-tenth of people are responsible for 45% of global emissions. “Economic inequalities are reaching record high levels and reducing them constitutes a key challenge to policymakers in the coming decades,” said Chancel.

“It’s the same thing with carbon: another huge challenge that puts our societies at risk. If we fail to address both, our societies can collapse.””

Thomas Piketty proposes flight tax to raise climate funds
https://www.theguardian.com/environment/2015/nov/05/thomas-piketty-proposes-flight-tax-to-raise-climate-funds
via Instapaper


Gerd Leonhard 
Futurist, Author, Keynote Speaker, CEO The Futures Agency

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