To Solve the Debt Crisis, Rebuild the Middle Class

The debt crisis is attributable to “structural” causes, meaning the way the nation’s financing is structured over the next several decades, but also to political and economic causes, meaning both the way we make policy and the way we live and experience the marketplace for trade, credit and consumer purchases. So, we need to implement policies that make serious, sustainable corrections on all three fronts.

Stabilizing debt financing requires the least expensive cost of borrowing possible, i.e. a AAA credit rating and the reputation for 100% likelihood of on-time repayment. It is unhelpful and counterproductive to indicate that the US might not meet 100% of its obligations on time 100% of the time. The long-term solution has to be oriented toward making social services solvent, and reducing the costs of debt repayment.

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Health & Fitness Benefits Expand Generative Potential of Businesses

Generative economics is rooted in a simple insight: that economic activities can have corrosive or generative impacts on future available resources. The dynamics of an economic environment can add another layer of corrosive or generative potential to the activities in question. Analysis can be subtle, however, because generative qualities are often not the focus of conventional thinking or play out over the long term.

New trends in corporate benefits offerings show evidence of the substantial generative potential of health and fitness benefits for employees. Even as major corporations have cut jobs and reduced pension offerings, major employers have increased funding for employee access to fitness facilities. And there appears to be substantial value added, over time, from doing so.

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Economy of Errors: How Abundance May Bring Scarcity

Distortions built into the global economy threaten long-term stability LONDON, 2005 — The global economy in its present form is not only full of and forced to deal with problematic distortions; it has come to depend perilously on the inflationary effect of certain miscalculations and manipulations. Assumptions built into weak threads in the economic web … Continue reading Economy of Errors: How Abundance May Bring Scarcity

Toward a ‘Transactional’ Cosmology: Web Dynamics for the Information Age

“We’ve gone from a lunar world, where we measured everything in terms of days, weeks and months, to a transactional world, where every single transaction has to be part of your decision-making process.” — Colin Powell, December 14 2008

Each information transaction, sometimes as exemplary, sometimes as single element added to a sweeping aggregate of historical sway, is a precedent, which can motivate, influence or redirect the push of future happenstance. And, we must take note, every transaction involving matter or energy contains information, traces of a history of its coming into being, and generates a “footprint”, a trace of its appearance and its transition into something beyond the transactional moment.

The information age gives us a vast wealth of knowledge, or of a kind of knowledge, what we take to be knowledge, about the world, hints which are also indicators, though not predictors, indicators because they play a role in expressing current interest, embedded in human activity, and so in framing future expressions of human interest.

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Obama Speech in Ghana Praises Good Governance, Calls for Community Outreach

Pres. Barack Obama praised African community values and called Africans to transcend conflict and promote government from the ground up and peaceful transfers of power, democratic values and international cooperation, in his first presidential visit to subsaharan Africa. Addressing Ghana’s parliament in Accra, Obama outlined US policy toward Africa and said endemic conflict was holding back African development.

The US president said he had called for $63 billion in US spending for health initiatives across the continent, including money to fight malaria, polio, tuberculosis and HIV/AIDS. Disease and conflict have devastated the population of Africa, reducing life-expectancy in many countries to under 40 years. Of the 27 nations with life-expectancy under 50 years, 26 of them are in Africa (Afghanistan is the other). Life-expectancy in Ghana is just under 60, a fact which underscores the positive quality-of-life gains that can emerge from peace and rule of law.

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Transparency Network as Means of Restoring Financial Confidence

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It may be that “a few bad apples” got the ball rolling on what has turned into a massive international financial disaster. Or, it may be that a few bad apples got their names in lights, while the entire system conspired unwittingly in a spectacular collapse. Either way, the best expression of the problem might be to say that markets have stopped working, in part, because they have been comprehensively modified to stop working like markets.

With capital vanishing, nearly $7 trillion in stock losses in just a few months, and banks refusing to lend even the tens of billions they were given precisely to lubricate the lending process, we are facing a crisis of confidence and an inability to conceptualize shared interest. The idea that self-interest motivates markets somehow developed, irresponsibly, into the idea that self-interest is more important than the functionality of market dynamics.

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Ripe for Change: What will this season of turning bring? (photos + essay)

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Seasonal photography, by Café Sentido editor J.E. Robertson, a visual essay about a season of historic, urgent & uneasy change

A “wave election”, with public sentiment clearly moving in a new direction, calling for principled governance, with a new focus on progressive aims… economic crisis, having built up over a decade, hidden in the esoteric workings of financial instruments reliant on advanced physics for mathematical proof of viability, worsened by unprincipled exaggerations and manipulations… the potential for a major swing in global opinions about the meaning of political systems… the climate is ripe for change, and we now face the problem of conceptualizing change, in order to see and understand its implementation.

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How a Generative Economic Strategy Trumps ‘Trickle-down’

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To understand the relevance and virtues of Barack Obama’s economic vision, we have to look at the long history of struggle between American laissez-faire capitalism and American middle-class capitalism. We are on the verge of what is likely to be a comprehensive philosophical shift in economic policy toward generative investment, which means counting as economic imperatives the resilience and productive expansion of the positive bases of economic growth, i.e. human and environmental health and well-being, resource-density and cyclical models of resource use and reproduction.

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Barack Obama is the President We Need, in Challenging Times

Café Sentido’s first official editorial endorsement of a candidate for public office

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Renewal is the keyword for this election. Change is the bridge that will take us to the place of renewal, but the intent behind the change message, must be renewal. It is vital to examine the candidates’ proposals for the direction of our nation, in this light. Who can best harness what is best in the American system of laws and in the landscape of American values, to effect an historic renewal of faith in our institutions and of commitment to civic responsibility and prosperity and dynamism in our society, generally?

Barack Obama, the senator from Illinois, is the candidate that is best positioned to offer this solution to our nation, in these troubled and challenging times. His positive vision of a dynamic American society, capable of innovating to combat a global energy crisis, principled in defending Constitutional law and human rights, combines the open and dynamic nature of American democratic culture with an energetic commitment to tackling new challenges, motivating a resurgence of the kind of major projects that will help rebuild and spur our economy.

The distinction between the two candidates’ visions, in this respect, has become even more evident due to the destructive and hollow campaign tactics adopted by Sen. McCain and his party. In a vicious attempt to smear Sen. Obama with some vague responsibility for the actions of individuals over whom he holds no actual responsibility and whose views he has denounced, the campaign of Sen. John McCain has sought to poison the electoral process, distract the minds of voters, and obscure what appears to be an inability to compete in the realm of ideas.

That sort of campaign of distraction is destructive to the healthy functioning of democracy and ignores the basic right of the electorate to govern its elected officials with the advantage of reliable information, firmly in hand. Fudging the truth for political gain can lead to ill-conceived policies that undermine the wellbeing of the nation (the 2003 WMD policy debacle, and ensuing war, are just one example).

Sen. Obama’s approach to domestic and foreign policy is consistently principled and pragmatist, rooted in an understanding of our system of laws, its founding ideals and the nature of our liberties. His policies hint at an underlying philosophy that seeks to do what is necessary to achieve the highest goals of our practical ambition, yet always uphold that essential allegiance to the “better angels of our nature”, work together with those whose collaboration we need and be firm about the rule of law and the fundamentals that give us a moral high-ground in dealing with the broader world.

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