310 karma · joined November 17, 2008
"Saving = Investment" is an accounting identity and not a causal law. He shifts by implying that 'saving' drives 'investment'. In accounting even unsold inventories are forced into the 'investment' bucket.
If only we all had a time in life to do what we love, get paid, and face no paywalls. I call that "liberated work". If only at least retirement was like that.
But one should not forget that this is only one aspect, one dimension, the "power and influence" one. Companies are structures for making things together with others : people spend much time there so we should also seek other aspects within them. E.g more "horizontal" and "democratic" structures preventing mafiaesque hierarchies can also bring fullfillment to much more employees : this is especially important in companies employing well-educated and smart people like programmers at the lowest positions.
Do we count the cost of side-effects like wars and oppression in our energy ? Think about Libya for oil or Niger for Uranium. Do we count the cost for democracy of the impact of energy lobbies ? Centralized production entails centralized structures which often have a tremendous influence (in France there was never ever any democratic feedback loop about nuclear energy).
The cynical view though is that this is nothing compared to other "industrial risks" and to the insiduous and continuous risk we are producing by saturating our planet with garbage.
For example if more people live in big cities, is this growth enough ? (1$ can mean something different : in New York $400 certainly makes you poor…). Is this growth compensating former hidden markets, like self food producing and local non monetary exchanges ? (you can sell cotton and have more money, while still having it harder to buy food). Do their subsistance depend more or less on external factors like speculation ? Are there less wars/civil wars ?
For me at least, the balance lies more in the use of state (easy in python) or the cost of abstraction (no inling and TCO).
That's seeing people only as a black box slave-like "workforce", giving them "education" as well as food to sustain your busyness
> Now it is true that college has a consumption as well as investment function. People often enjoy going to classes [...]
It has many other functions too, for the human beeings beiing "educated". If done well, it can even give them critical thought process, and knowledge about certain topics of their environement. In eastern europe countries, the aboundance of educated people in a beauraucratic regime which did not propose so much interesting life openings contributed to its fall.
> [...] increasingly costly and unproductive forms of special pleading by a sector that abhors transparency and performance measures.
Just like the banking sector, the pharmaceutical sector, etc... Performance is a word people often use meaning fittness to a metrics relevant to their particular interests.
> Higher education is on the brink of big change, like it or not.
Which only means the balance of powers is changing. Care to ellaborate about why and how ? Otherwise it is just saying : specialized labour is less needed by US industry, so less people have to be trained. Ok, agreed (or not), so let's give them education instead.