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Don Curren 🇨🇦🇺🇦“The <a class="hashtag" href="https://bsky.app/search?q=%23nationaldebt" rel="nofollow noopener noreferrer" target="_blank">#nationaldebt</a>, which exercises so many politicians and citizens, is actually the historical accumulation of <a class="hashtag" href="https://bsky.app/search?q=%23money" rel="nofollow noopener noreferrer" target="_blank">#money</a> spent by <a class="hashtag" href="https://bsky.app/search?q=%23government" rel="nofollow noopener noreferrer" target="_blank">#government</a>, not taxed back, and now a privately held <a class="hashtag" href="https://bsky.app/search?q=%23asset" rel="nofollow noopener noreferrer" target="_blank">#asset</a>. Government red ink equals <a class="hashtag" href="https://bsky.app/search?q=%23privatesector" rel="nofollow noopener noreferrer" target="_blank">#privatesector</a> black ink.” - <a class="hashtag" href="https://bsky.app/search?q=%23MarianaMazzucato" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a>

Don Curren 🇨🇦🇺🇦“This is the ‘ <a class="hashtag" href="https://bsky.app/search?q=%23complexity" rel="nofollow noopener noreferrer" target="_blank">#complexity</a> paradox’ of modern <a class="hashtag" href="https://bsky.app/search?q=%23publicpolicy" rel="nofollow noopener noreferrer" target="_blank">#publicpolicy</a>: the more complex policy issues are, the more compartmentalized <a class="hashtag" href="https://bsky.app/search?q=%23policymaking" rel="nofollow noopener noreferrer" target="_blank">#policymaking</a> becomes, fragmented into different & sometimes competing <a class="hashtag" href="https://bsky.app/search?q=%23governments" rel="nofollow noopener noreferrer" target="_blank">#governments</a> & initiatives”- <a class="hashtag" href="https://bsky.app/search?q=%23MarianaMazzucato" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a>, Mission Economy: A Moonshot Guide to Changing <a class="hashtag" href="https://bsky.app/search?q=%23Capitalism" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a>

Strypey"A new book by Mariana Mazzucato, The Big Con, makes some pretty provocative statements. It says that actually [management] consultants don't just undermine democracy, they lead to less effective government."<a href="https://novaramedia.com/2023/02/28/economist-explains-how-government-wastes-billions-aaron-meets-mariana-mazzucato-downstream/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://novaramedia.com/2023/02/28/economist-explains-how-government-wastes-billions-aaron-meets-mariana-mazzucato-downstream/</a><a href="https://mastodon.nzoss.nz/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> <a href="https://mastodon.nzoss.nz/tags/TheBigCon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TheBigCon</a>

Cory DoctorowAmazon's burying of this vital information will be familiar to <a href="https://mamot.fr/tags/DouglasAdams" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DouglasAdams</a> readers, as the "<a href="https://mamot.fr/tags/BewareOfTheLeopard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BewareOfTheLeopard</a>" tactic. It's not even the first time Amazon's deployed it:<a href="https://pluralistic.net/2022/03/27/beware-of-the-leopard/#relentless" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pluralistic.net/2022/03/27/beware-of-the-leopard/#relentless</a>Another group of scholars recently coined a useful term to describe this ripoff: in a paper published last week, <a href="https://mastodon.social/@timoreilly" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@timoreilly</a>, <a href="https://mamot.fr/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> and <a href="https://mamot.fr/tags/IlanStrauss" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IlanStrauss</a> dubbed the costs of all this complexity <a href="https://mamot.fr/tags/AttentionRents" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AttentionRents</a>:<a href="https://pluralistic.net/2023/11/03/subprime-attention-rent-crisis/#euthanize-rentiers" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pluralistic.net/2023/11/03/subprime-attention-rent-crisis/#euthanize-rentiers</a>23/

Cory DoctorowThe endless malleability of digitization makes for endless variety in rent-seeking, and cataloging all the different forms of digital rent-extraction is a major project in this Age of Enshittification. "Algorithmic Attention Rents: A theory of digital platform market power," a new <a href="https://mamot.fr/tags/UCL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UCL</a> <a href="https://mamot.fr/tags/InstituteForInnovationAndPublicPurpose" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InstituteForInnovationAndPublicPurpose</a> paper by <a href="https://mastodon.social/@timoreilly" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@timoreilly</a>, <a href="https://mamot.fr/tags/IlanStrauss" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IlanStrauss</a> and <a href="https://mamot.fr/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a>, pins down one of these forms:<a href="https://www.ucl.ac.uk/bartlett/public-purpose/publications/2023/nov/algorithmic-attention-rents-theory-digital-platform-market-power" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.ucl.ac.uk/bartlett/public-purpose/publications/2023/nov/algorithmic-attention-rents-theory-digital-platform-market-power</a>30/

lj·rk<a href="https://todon.eu/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> <a href="https://todon.eu/tags/Mazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Mazzucato</a> <a href="https://todon.eu/tags/BigCon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BigCon</a> <a href="https://todon.eu/tags/MissionEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MissionEconomy</a>

Steve Randy Waldman<a href="https://mastodon.social/@Alon" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@Alon</a> <a href="https://mstdn.social/@JohnMashey" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@JohnMashey</a> <a href="https://mastodon.social/@MadMadMadMadRN" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@MadMadMadMadRN</a> <a href="https://mastodon.social/@BenRossTransit" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@BenRossTransit</a> <a href="https://hachyderm.io/@phillmv" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@phillmv</a> <a href="https://mamot.fr/@pluralistic" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@pluralistic</a> because corruption is always possible, however, under a culture of skepticism of state action, plutocratic interests find it easy to paralyze an entrepreneurial state (apologies <a href="https://fosstodon.org/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a>) under unobjectionable banners like “accountability” and “anticorruption”. /fin

Doc Edward Morbius ⭕<a href="https://hackers.town/@vortex_egg" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@vortex_egg</a> And I've caught the podcast of <a href="https://toot.cat/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> at the <a href="https://toot.cat/tags/LongNow" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#LongNow</a> Recommended.<a href="https://longnow.org/seminars/02019/jun/24/rethinking-value/" rel="nofollow noopener noreferrer" target="_blank">https://longnow.org/seminars/02019/jun/24/rethinking-value/</a>

Doc Edward Morbius ⭕Despite misgivings about the institution myself, I like this Pappa: <a href="https://old.reddit.com/r/dredmorbius/comments/258gq1/francis_the_papacy_the_poor_and_social_justice/" rel="nofollow noopener noreferrer" target="_blank">https://old.reddit.com/r/dredmorbius/comments/258gq1/francis_the_papacy_the_poor_and_social_justice/</a>... and have for a while.<a href="https://toot.cat/tags/CommonWeal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CommonWeal</a> <a href="https://toot.cat/tags/CovidRelief" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CovidRelief</a> <a href="https://toot.cat/tags/Covid19" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Covid19</a> <a href="https://toot.cat/tags/austerity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#austerity</a> <a href="https://toot.cat/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://toot.cat/tags/PopeFrancis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PopeFrancis</a> <a href="https://toot.cat/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> 4/end/

Doc Edward Morbius ⭕Mariana Mazzucato on the just-passed US COVID relief package:<blockquote>MARIANA: A one-time check of $600 is nowhere enough, for three reasons.First, for the citizens in question, this amount will simply not be enough to allow people to access their basic human rights to food, shelter, and caring for their loved ones.Second, the economy will not benefit by this meager relief. As Keynes taught us, boosting aggregate demand is critical for economic growth. Given the dire situation on disposable income, this relief will not help the economy get back on its feet.Third, the money does exist: the government has simply decided to spend it elsewhere: for example, on corporate bailouts and defense spending.It’s a crime and should be rectified as soon as possible. And if America truly wants to “lead” the world, then match the relief packages in other countries.ANAND: I recently discovered that Pope Francis has a favorite economist — and it's you. What is it like being the pope's favorite economist [as he disclosed in his new book, “Let Us Dream”]?MARIANA: As a very unreligious person, it feels great but uncomfortable. The funny thing is, he actually read my book a year ago and wrote an open letter in Argentina saying capitalism is screwed, but there's a book that tells us what to do. The Vatican, in some ways, has been talking about the common good for a long time. But there's no real equivalent for that concept in economics. ...</blockquote><a href="https://the.ink/p/austerity" rel="nofollow noopener noreferrer" target="_blank">https://the.ink/p/austerity</a>I'd argue that the concept exists, but is largely ignored, and is hard to measure: commonweal and social welfare. <a href="https://toot.cat/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> <a href="https://toot.cat/tags/PopeFrancis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PopeFrancis</a> <a href="https://toot.cat/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://toot.cat/tags/austerity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#austerity</a> <a href="https://toot.cat/tags/Covid19" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Covid19</a> <a href="https://toot.cat/tags/CovidRelief" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CovidRelief</a> <a href="https://toot.cat/tags/CommonWeal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CommonWeal</a> 3/

Doc Edward Morbius ⭕<blockquote>Mariana was recently name-checked by Pope Francis as his favorite economist (along with Kate Raworth). No big deal, right? Mariana teaches at University College London. She’s written important books like The Entrepreneurial State and The Value of Everything, making a case for rewriting some of the basic thinking of economics. And she is a rare instance of a scholar who follows her work out into the world, helping policymakers implement her theories. There is much to learn from her.</blockquote><a href="https://the.ink/p/austerity" rel="nofollow noopener noreferrer" target="_blank">https://the.ink/p/austerity</a><a href="https://toot.cat/tags/CommonWeal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CommonWeal</a> <a href="https://toot.cat/tags/CovidRelief" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CovidRelief</a> <a href="https://toot.cat/tags/Covid19" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Covid19</a> <a href="https://toot.cat/tags/austerity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#austerity</a> <a href="https://toot.cat/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://toot.cat/tags/PopeFrancis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PopeFrancis</a> <a href="https://toot.cat/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> 2/

Doc Edward Morbius ⭕$600 checks are a “crime,” says the pope’s favorite economist<a href="https://the.ink/p/austerity" rel="nofollow noopener noreferrer" target="_blank">https://the.ink/p/austerity</a>I've only recently discovered Mariana Mazzucato[1], who seems to be establishing herself as a celebrity economist these days. She also has a fan in Pope Francis:<blockquote>A conversation with economist Mariana Mazzucato on the case against Scroogenomics... I sat down, virtually, with the brilliant economist Mariana Mazzucato to talk about the relief plan and the problem underlying it: a loss of faith in government action that becomes a self-fulfilling prophecy: People don’t believe in government action, so government isn’t empowered to act, so people believe less and less in government.</blockquote>Notes:<ol><li><a href="https://toot.cat/@dredmorbius/1052748476098695960" rel="nofollow noopener noreferrer" target="_blank">https://toot.cat/@dredmorbius/1052748476098695960</a></li></ol><a href="https://toot.cat/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a> <a href="https://toot.cat/tags/PopeFrancis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PopeFrancis</a> <a href="https://toot.cat/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://toot.cat/tags/austerity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#austerity</a> <a href="https://toot.cat/tags/Covid19" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Covid19</a> <a href="https://toot.cat/tags/CovidRelief" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CovidRelief</a> <a href="https://toot.cat/tags/CommonWeal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CommonWeal</a>1/

Doc Edward Morbius ⭕I'm way late to the party discovering <a href="https://toot.cat/tags/MarianaMazzucato" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarianaMazzucato</a>. Or more accurately, realising I'd already run across her work.She's an Italian-American <a href="https://toot.cat/tags/economist" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economist</a> now in the UK, doing interesting work on <a href="https://toot.cat/tags/innovation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#innovation</a>, <a href="https://toot.cat/tags/technology" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#technology</a>, <a href="https://toot.cat/tags/GovernmentResearch" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GovernmentResearch</a> and <a href="https://toot.cat/tags/economicPolicy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economicPolicy</a>, <a href="https://toot.cat/tags/monopoly" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#monopoly</a>, and <a href="https://toot.cat/tags/TheoryOfValue" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TheoryOfValue</a>. Much is similar to ideas I've been pursuing for the past decade (almost certainly influenced by the penumbra of her work).This Wired profile was buried in my article backlog and has been there for months if not years. I only consciously registered her name a few days ago.<a href="https://www.wired.co.uk/article/mariana-mazzucato" rel="nofollow noopener noreferrer" target="_blank">https://www.wired.co.uk/article/mariana-mazzucato</a>

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