Relevant and even prescient commentary on news, politics and the economy.

Innovation and production

 Yves Smith points to a MIT study on how much bigger the conversation should be than the political arguments of offshoring and outsourcing suggest.  And the complexities of applying ‘just in time’ sorts of global production systems through a complicated supply chain. From that post is this excerpt: And a new report by MIT on innovation […]

Technology and unemployment

rdan Sandwichman, the go to guy on labor issues and author of the series Chapman, Labor, and Unemployment at Econospeak suggests an alternative to the myth of supremacy of capital, which is after all an idea that reminds me of King Midas in our little child version, but in the adult world has several versions […]