capitalism

capitalism

CHART OF THE DAY: What If Apple Transferred $1 Billion In Profits To Foxconn Workers? (AAPL)

www.businessinsider.com
We saw this chart from Nic Musolino at ninety9, via Yves Smith at Naked Capitalism. It shows what would happen if Apple were to transfer $1 billion in profits to all Foxconn employees. As you can see, the average wage of a Foxconn worker would double, while Apple's profits...
CHART OF THE DAY: What If Apple Transferred $1 Billion In Profits To Foxconn Workers? (AAPL)

Know Your Internet: What Is Pinterest and Why Should I Care?

www.theatlantic.com
On the cold, crowded beach that is the Internet, another monster wave has been spotted on the horizon. This wave is called Pinterest and it looks like it could be -- or already is -- the Next Big Thing in social media. This week, Techcrunch blared, "Pinterest Reaches 10 Million...
Know Your Internet: What Is Pinterest and Why Should I Care?

MIT's 3D solar cells take cubism to new energy efficient heights

www.engadget.com
The promise of free energy is an enticing one -- that's free as in renewable source, not cost. (This is capitalism, after all, someone's got to foot the bill.) Economic gripes aside, research outfits like M.I.T. are getting us one step closer to this cleaner fuel future with the...
MIT's 3D solar cells take cubism to new energy efficient heights

Winter And The Wall

parislemon.com
In response to my PandoDaily post about Game of Thrones earlier, Trevor Gilbert tries his hand at parody. Not all bad, but a few quick problems: 1) You can buy an unlocked iPhone. 2) Even if you stole the iPhone, you wouldn’t actually be able to use it on...
Winter And The Wall

Social Media's Small, Positive Role in Human Relationships

www.theatlantic.com
It's just one factor in modern life that can increase connection in a world divided by the vagaries of capitalism, the disengagement of television, and the isolation of suburban sprawl....
Social Media's Small, Positive Role in Human Relationships

AT&T Argues That More Competition Is Bad For You & Leads To Higher Prices

www.techdirt.com
Apparently AT&T-land is a place where basic economics doesn't apply. AT&T boss Randall Stephenson, still hurt from the rejection of his attempted merger with T-Mobile, is telling the world that greater competition means higher prices and less efficient markets. That this goes against nearly all understanding of economics seems like...
AT&T Argues That More Competition Is Bad For You & Leads To Higher Prices

Intellectual Ventures' Nathan Mhyrvold defends patent trolling, calls tech industry immature

www.engadget.com
Intellectual Ventures' CEO and founder Nathan Mhyrvold, who previously spent some 14 years at Microsoft Research, took the stage here at D10, and as predicted, his interview with Walt Mossberg was quite the invigorating one. You may know the man and his company for its vicious patent trolling --...
Intellectual Ventures' Nathan Mhyrvold defends patent trolling, calls tech industry immature

Intellectual Ventures' Nathan Myhrvold defends patent trolling, calls tech industry immature

www.engadget.com
Intellectual Ventures' CEO and founder Nathan Myhrvold, who previously spent some 14 years at Microsoft Research, took the stage here at D10, and as predicted, his interview with Walt Mossberg was quite the invigorating one. You may know the man and his company for its vicious patent trolling --...
Intellectual Ventures' Nathan Myhrvold defends patent trolling, calls tech industry immature

Google may sell its own tablets (perhaps made by Samsung, Asus) this summer

venturebeat.com
Google CEO Eric Schmidt (pictured) said last year that the company planned to market its own Android tablets within the next six months, and now the supply chain is rumbling with rumors about who the manufacturer or manufacturers will be. The Wall Street Journal‘s anonymous sources point to both...
Google may sell its own tablets (perhaps made by Samsung, Asus) this summer

Meet the "collaborative" consumer

tech.fortune.cnn.com
The rise of social media is altering how people shop for everything from movies to food. But is that a social good? By Jill Allyn Peterson, contributor FORTUNE -- Collaborative consumption is a concept that can seemingly describe anything from Netflix to New York City's Park Slope Food Co-op. It...
Meet the "collaborative" consumer

Facebook Investor Peter Thiel Reveals The Two Areas He Would Short Right Now

www.businessinsider.com
Hedge funder, VC investors, and early Facebook investor Peter Thiel just gave a presentation at a Credit Suisse conference. An attendee told us a few of the points he made: Thiel would be short Europe. He'd be short Emerging Market "crony capitalism." Thiel expects more deleveraging globally. He sees glean...
Facebook Investor Peter Thiel Reveals The Two Areas He Would Short Right Now

Wal-Mart chairman: How we came to embrace sustainability

tech.fortune.cnn.com
Rob Walton, Chairman of Wal-Mart Stores, and Peter Seligmann, CEO of Conservation International spoke to Fortune’s Andy Serwer at the magazine’s Brainstorm Green conference in Laguna Niguel, California.  Below is an unedited transcript of their discussion: Wal-Mart chairman Rob Walton MODERATOR:  Now, our last session before lunch I’d like to bring...
Wal-Mart chairman: How we came to embrace sustainability
Can capitalism build a better search engine?
Here’s Two Reasons Not to Pay the Samwer Brothers’ Ransom

Peter Thiel: Competition and Capitalism Are Antonyms

pandodaily.com
Speaking at tonight’s PandoMonthly event at the Madrone Studios in San Francisco, PayPal founder, Facebook uberinvestor, and libertarian du jour Peter Thiel told an audience that competition and capitalism are not the same thing. Businesses can waste energy and resources competing like crazy instead of focusing on creating unique products...
Peter Thiel: Competition and Capitalism Are Antonyms

Kickstarter Campaigns Are Now Hiring Publicists

www.betabeat.com
The ODOC iPhone and iPod dock. (kickstarter.com) As Kickstarter grows, now with multiple million-dollar and multi-million dollar projects, the insidious forces of capitalism that ruin all things pure and DIY are sneaking in. This morning Betabeat received our first press release about an unfunded Kickstarter campaign raising $70,000 for a...
Kickstarter Campaigns Are Now Hiring Publicists
Malcolm Gladwell on entrepreneurship: history will remember Bill Gates, forget Steve Jobs

How Gordon Moore Invented the Talent Economy (and Changed The World)

pandodaily.com
In 1957, Gordon Moore and the “Traitorous Eight” formed Fairchild Semiconductor and created the basis of what would become Silicon Valley. But despite the undisputed importance of the microchip, Fairchild’s biggest contribution might have more to do with how the company was started than what it produced. Little to anyone’s...
How Gordon Moore Invented the Talent Economy (and Changed The World)

Seagate completes purchase LaCie in quest to become king of the hard drive hill

www.engadget.com
The final price may end up being more than the initially proposed $186 million, but Seagate has successfully acquired a controlling share of LaCie stocks. The provisional price of €4.05 per share could increase to €4.17 if Seagate manages to accumulate 95 percent of the company's stocks in the...
Seagate completes purchase LaCie in quest to become king of the hard drive hill

Taking stock after the Facebook IPO | Mike Daisey

www.guardian.co.uk
As Facebook's public offering fizzled, so did the media's 'finance porn' hype. And perhaps a sense of just proportion was restoredOn Friday morning, Mark Zuckerberg, Facebook's founder, CEO, and majority shareholder, rang the Nasdaq opening bell and made history with one of the largest IPOs in years. It was exactly...
Taking stock after the Facebook IPO | Mike Daisey

Satellites in the shed? TEDGlobal announces the new DIY revolution

www.guardian.co.uk
The latest edition of the ideas festival at Edinburgh was abuzz with the 'maker movement': a phenomenon that aims to take manufacturing out of factories and put it into people's homesOnce upon a time, if you said you were doing a spot of DIY, everyone would know you'd be doing...
Satellites in the shed? TEDGlobal announces the new DIY revolution

Hacking Society: It's Time To Measure The Unmeasurable

www.techdirt.com
I was lucky enough to attend a small gathering of great thinkers put together by Union Square Ventures earlier this week for an event they called Hacking Society -- which was designed to be a one day open conversation on the economics and power of networks, and how to use...
Hacking Society: It's Time To Measure The Unmeasurable

Online ticket reselling firms: a sleazy brand of capitalism typical of our times | Paul Mills

www.guardian.co.uk
'Touts' create nothing of value, yet technology now allows them to make vast profits at the expense of fans, sport and the artsDispatches' recent investigation into the secondary ticket market – on which I worked as an undercover reporter – exposes a sleazy brand of capitalism that is typical of...
Online ticket reselling firms: a sleazy brand of capitalism typical of our times | Paul Mills

Back of the envelope math confirms Kauffman’s warning: VC returns are weak for LPs

thenextweb.com
Last month the Kauffman Foundation released a lengthy and quite damning report that laid bare its experiences in dealing with and investing in various venture capital funds. Its results, which it made public, were not promising. From the report, the most important sentence details exactly how anemic the performance of...
Back of the envelope math confirms Kauffman’s warning: VC returns are weak for LPs

PandoMonthly with Peter Thiel Recap: Startups, Competition, Capitalism, Bubbles

pandodaily.com
Last night’s fireside chat with Peter Thiel was a resounding success, with comments flooding in that the talk was great, the network sublime, and the pizza delicious. We’ve posted the video here for your viewing pleasure, as well as a few key excerpts from the night. Thiel is well-known...
PandoMonthly with Peter Thiel Recap: Startups, Competition, Capitalism, Bubbles

Leftist group claims responsibility for attack on Microsoft’s offices in Greece

www.geekwire.com
Image via The Guardian A report out from Reuters today indicates that a leftist militant group operating under the name of  International Revolutionary Front has claimed responsibility for an attack on Microsoft’s offices in Athens. No one was injured in the attack, which occurred on Wednesday when a group of gun-wielding...
Leftist group claims responsibility for attack on Microsoft’s offices in Greece

Robert Teitelman: Whatever Happened to Occupy Wall Street?

www.huffingtonpost.com
Gone but not forgotten. Occupy Wall Street has disappeared from Zuccotti Park, save for occasional gatherings of shivering souls watched over by yellow-jacketed police, but it lingers on the edge of consciousness, in the now embedded cliché "we are the 99%" and, apparently in Davos, where all things go to...
Robert Teitelman: Whatever Happened to Occupy Wall Street?

The Other 99% of Entrepreneurs

www.readwriteweb.com
In my recent piece Reengineering Capitalism I highlighted a phenomenon that the global entrepreneurship ecosystem is paying very little attention to: Over 99% of entrepreneurs who seek funding get rejected. Yet, the entire world is focused on the 1% that is "fundable." The media, when pitched a startup story, is...
The Other 99% of Entrepreneurs

Roadmap to a New Economics: Beyond Capitalism and Socialism

www.alternet.org
Roadmap to a New Economics: Beyond Capitalism and Socialism

Use Open Source? Then You're a Pirate!

news.slashdot.org
superapecommando writes "There's a fantastic little story in the Guardian today that says a US lobby group is trying to get the US government to consider open source as the equivalent to piracy. The International Intellectual Property Alliance (IIPA), an umbrella group for American publishing, software, film, television and music...
Use Open Source? Then You're a Pirate!
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