Encouraging entrepreneurship: First steps in the Open Economy Project

This post expands the discussion of practical first steps to the Open Economy Project. In the same way that many of the first steps for getting money out of politics and resolving congressional gridlock have been taken up by others, albeit in a minimalist context, as previously discussed, many practical economic ideas also circulate, and are even part of the political rhetoric of both parties–one need look no further than the bipartisan discourses of support for small business and the importance of entrepreneurship.

At the Democratic Alternative, we advocate the creation of more economic opportunities for more people through a democratization of the market. Towards such ends, one of our key proposals is broadening access to capital so that all citizens–not just those with connections to private equity and venture capital–have equal opportunity to invest in their ideas and move quickly and easily from conception to realization. One way of achieving this outcome is the creation of a public fund that is managed professionally, and returns and risk management kept on par with that of private venture capital funds. Such a plan would spur startups and entrepreneurial activity, giving more people more access to more markets. Continue reading “Encouraging entrepreneurship: First steps in the Open Economy Project”

Beyond state vs. market in the discourse of American politics

A single discourse on state and market permeates American politics. It is a discourse that pits the two against each other in a zero-sum game and naturalizes an arbitrary view that they must stand at odds, whereby more of one means less of the other. Entire policy platforms and ideologies are constructed in favor of more market or more state, so that the idea not only becomes part of the furniture of American politics, but also our fate. We are left with no alternative. We are forced to choose between more market and less state, or more state and less market. Continue reading “Beyond state vs. market in the discourse of American politics”

No one should do work that can be done by a machine

No one should have to do work that can be done by a machine. Everything that we have learned how to repeat, we can express in a formula, in a rule, or in an algorithm. Everything that we can express in a rule, we can embody in a physical contraption. The point of a machine should be to do for us what we have already learned how to repeat, so that we can preserve our supreme resource—time—for that which we have not yet learned how to repeat.

Continue reading “No one should do work that can be done by a machine”