I AM MY OWN POWER COUPLE— Elahe Izadi (@ElaheIzadi) August 14, 2014
From Squalor to Shiitakes: the World’s First Biocellar
“Mansfield Frazier couldn’t wait to tear down his house. That’s because he’s turning it into what could be the world’s first “biocellar.”
A biocellar is essentially a greenhouse made from the remains of a demolished home. Cleveland, like many Rust Belt cities hit hard by the foreclosure crisis, is speckled with abandoned homes and vacant lots. Many of the properties are beyond repair. A biocellar is a way to salvage the foundation of a house and put it to productive reuse.”
Watch the video and learn more at QUEST Ohio.
'The frontiers of the future are the ruins of the unsustainable' - Bruce Sterling
I suggest that we learn to think about capitalism coming to an end without assuming responsibility for answering the question of what one proposes to put in its place. It is a Marxist—or better: modernist—prejudice that capitalism as a historical epoch will end only when a new, better society is in sight, and a revolutionary subject ready to implement it for the advancement of mankind. This presupposes a degree of political control over our common fate of which we cannot even dream after the destruction of collective agency, and indeed the hope for it, in the neoliberal-globalist revolution. Neither a utopian vision of an alternative future nor superhuman foresight should be required to validate the claim that capitalism is facing its Götterdämmerung. I am willing to make exactly this claim, although I am aware of how many times capitalism has been declared dead in the past. In fact, all of the main theorists of capitalism have predicted its impending expiry, ever since the concept came into use in the mid-1800s. This includes not just radical critics like Marx or Polanyi, but also bourgeois theorists such as Weber, Schumpeter, Sombart and Keynes.
That something has failed to happen, in spite of reasonable predictions that it would, does not mean that it will never happen; here, too, there is no inductive proof. I believe that this time is different, one symptom being that even capitalism’s master technicians have no clue today how to make the system whole again—see, for example, the recently published minutes of the deliberations of the Federal Reserve’s board in 2008, or the desperate search of central bankers, mentioned above, for the right moment to end ‘quantitative easing’. This, however, is only the surface of the problem. Beneath it is the stark fact that capitalist progress has by now more or less destroyed any agency that could stabilize it by limiting it; the point being that the stability of capitalism as a socio-economic system depends on its Eigendynamik being contained by countervailing forces—by collective interests and institutions subjecting capital accumulation to social checks and balances. The implication is that capitalism may undermine itself by being too successful. I will argue this point in more detail below.
The image I have of the end of capitalism—an end that I believe is already under way—is one of a social system in chronic disrepair, for reasons of its own and regardless of the absence of a viable alternative. While we cannot know when and how exactly capitalism will disappear and what will succeed it, what matters is that no force is on hand that could be expected to reverse the three downward trends in economic growth, social equality and financial stability and end their mutual reinforcement. In contrast to the 1930s, there is today no political-economic formula on the horizon, left or right, that might provide capitalist societies with a coherent new regime of regulation, or régulation. Social integration as well as system integration seem irreversibly damaged and set to deteriorate further. What is most likely to happen as time passes is a continuous accumulation of small and not-so-small dysfunctions; none necessarily deadly as such, but most beyond repair, all the more so as they become too many for individual address. In the process, the parts of the whole will fit together less and less; frictions of all kinds will multiply; unanticipated consequences will spread, along ever more obscure lines of causation. Uncertainty will proliferate; crises of every sort—of legitimacy, productivity or both—will follow each other in quick succession while predictability and governability will decline further (as they have for decades now). Eventually, the myriad provisional fixes devised for short-term crisis management will collapse under the weight of the daily disasters produced by a social order in profound, anomic disarray.
In summary, capitalism, as a social order held together by a promise of boundless collective progress, is in critical condition. Growth is giving way to secular stagnation; what economic progress remains is less and less shared; and confidence in the capitalist money economy is leveraged on a rising mountain of promises that are ever less likely to be kept. Since the 1970s, the capitalist centre has undergone three successive crises, of inflation, public finances and private debt. Today, in an uneasy phase of transition, its survival depends on central banks providing it with unlimited synthetic liquidity. Step by step, capitalism’s shotgun marriage with democracy since 1945 is breaking up. On the three frontiers of commodification—labour, nature and money—regulatory institutions restraining the advance of capitalism for its own good have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. The capitalist system is at present stricken with at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. What is to be expected, on the basis of capitalism’s recent historical record, is a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of ‘normal accidents’—not necessarily but quite possibly on the scale of the global breakdown of the 1930s.
Wolfgang Streeck, How Will Capitalism End?
Jason Dorrier, Burger Robot Poised to Disrupt Fast Food Industry
I saw the future of work in a San Francisco garage two years ago. Or rather, I was in proximity to the future of work, but happened to be looking the other direction. At the time, I was visiting a space startup building satellites behind a carport. But just behind them—a robot was cooking up burgers. The inventors of the burger device? Momentum Machines, and they’re serious about fast food productivity. “Our device isn’t meant to make employees more efficient,” cofounder Alexandros Vardakostas has said. “It’s meant to completely obviate them.” The Momentum burger-bot isn’t remotely humanoid. You can forget visions of Futurama’s Bender. It’s more of a burger assembly line. Ingredients are stored in automated containers along the line. Instead of pre-prepared veggies, cheese, and ground beef—the bot chars, slices, dices, and assembles it all fresh. Why would talented engineers schooled at Berkeley, Stanford, UCSB, and USC with experience at Tesla and NASA bother with burger-bots? Robots are increasingly capable of jobs once thought the sole domain of humans—and that’s a huge opportunity. Burger robots may improve consistency and sanitation, and they can knock out a rush like nobody’s business. Momentum’s robot can make a burger in 10 seconds (360/hr). Fast yes, but also superior quality. Because the restaurant is free to spend its savings on better ingredients, it can make gourmet burgers at fast food prices. Or at least, that’s the idea.
Scott Barry Kaufman
(h/t John Maeda)
Being nice to the wealthy and cruel to the poor is not, it turns out, the key to economic growth - Paul Krugman http://t.co/PSrSXyXJ3N— Stowe Boyd (@stoweboyd) August 8, 2014
Evan Sharp: My background industry is design—I code a lot, too—but there’s been this narrative of design in technology becoming more prominent. What the UI enables on Pinterest is this human activity that ends up creating a great database. And it’s that knitting of front-end and back-end abilities that will power our products. We’re not going to be exclusively the best engineering company—though we have some the best engineers—and we’re not going to be the world’s prettiest, best designed company. What’s interesting is how those things interact, over and over, and back and forth. That’s where the magic comes out. That’s where the best new products are coming out on the Internet.
Alexis Madrigal, What Is Pinterest? A Database of Intentions
Stowe Boyd, Pew Internet Digital Life in 2025