This is an article about Open Source Finance. It’s an thought I first sketched out at a talk I gave at the Open Information Institute in London. By ‘Open Supply Finance’, I don’t just imply open source computer software programmes. Rather, I am referring to one thing much deeper and broader. It’s a way of framing an all round change we might want to see in the financial method. To illustrate this, I set up an analogy amongst computer systems and financial systems, and I then explore what economic ‘code’ may possibly be. I then sketch out the five pillars that could underpin an open finance movement.
The GOP’s proposed policies of massive income tax cuts on the wealthy combined with cuts to benefits (like Obamacare) will push far more cash into the hands of investors and out of the hands of buyers. With inadequate demand, equity growth will be a challenge (equities will already be around record levels) and so a lot more income will flow to the bond marketplace driving rates down. One prospective moderation of this would be a huge infrastructure / jobs bill, however I don’t think the GOP Congress will pass this with no equal cuts elsewhere.
Alongside this broad humanitarian tradition there has also emerged a distinct strand of overtly ‘activist’ or radical anthropology. The 1st self-described anarchist that I met was the Serbian anthropologist Aleksandar Bošković , who taught me political anthropology in South Africa. He had a distinct dislike of nationalism and …Read More