The voice of china’s workers

http://www.ted.com/talks/leslie_t_chang_the_voices_of_china_s_workers.html

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Trust = new currency?

http://www.ted.com/talks/rachel_botsman_the_currency_of_the_new_economy_is_trust.html

how would it be quantified?

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Old people sponging off newer generations

http://www.economist.com/node/21563725

 

This article highlights the parasitic aspects of the baby boomers generation and how generally privileged their existence has been, while we suffer in attempts to support them. One solution named is inflation. Can you think of any alternatives?

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Gambling on the housing market?

http://www.economist.com/news/21567388-new-generation-investors-betting-americas-housing-market-big-long

 

This article examines how investors are approaching America’s projected/future housing market and gives a little history on the collapse of ’07 and what investors are hoping for. Is it worth the investment?

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Kidneys for sale: poor Iranians compete to sell their organs

http://www.guardian.co.uk/world/2012/may/27/iran-legal-trade-kidney

Iran is the only country where selling kidneys is illegal. The article talks about how there are no shortages on organs, but there is steep competition when it comes to buying and selling kidneys. This competition has led to very unethical advertising practices and several other things. I think this is the very meaning of exploitation. The woman mentioned in the article knew she’d have to live her life with only one kidney, but she also knew she was being offered money and she had things to do with that money, so she sold it. She’s being exploited because she’s being convinced with an incentive to sell something she’d otherwise like to keep.

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Dilbert’s Prisoner’s Dilemma

This video is just another example of the prisoner’s dilemma. I think it is so fascinating to watch the way it plays out. One of the characters provides a fairly good definition and it’s interesting to see the different roles that end up coming to life. This takes place in a comic prison, but I see how it got its name. I wonder if there are any psychological aspects of this phenomenon.

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Golden Balls

I thought this British TV game show was a good example of a the Prisoner’s Dilemma we have learned about this semester. In this game, you have two participants and a host. Each participant is given the same amount of money and after consulting with the other, they have to decide whether they want to keep the money the have, or steal the other contestants to try and double their own winnings. The cost of both stealing each others is that no one goes home with any money. What would you do?…

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Is Education a Public Good or a Private Good?

In this article, authors Sandy Baum and Michael McPherson discuss public institutions and their places in society. They argue that public institutions aren’t really public in nature and I think there is merit to this. For a good to be public, it must be nonexcludable and nonrival, but college institutions (both public and private) are both excludable and rival. Colleges only accept a certain amount of students, so they’re rival and only people who can pay (whether out-of-pocket, loans, etc) can go to the school. Are they really¬†public¬†universities?

http://chronicle.com/blogs/innovations/is-education-a-public-good-or-a-private-good/28329

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The Decline of the Public Good

This article discusses “privatization” and how the trend in spending has fallen to a “do-it-yourself.” Author Robert Reich argues that many “public” goods are becoming (by definition) private goods. He calls on things like tolls for roads, fees for park entrances, and tuition at institutions of higher learning. I think this is interesting because if this is case, doesn’t this mean that the standard of living should rise as well? I do not think the standard of living is rising, so therefore it is fair to argue that the gap between the rich and poor is continuing to spread, now in the public sphere as well.

http://economistsview.typepad.com/economistsview/2012/01/the-decline-of-the-public-good.html

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The (Tuna) Tragedy of the Commons

This article discusses the tragedy of the commons and specifically quotas in the tuna finishing. The article argues that quotas are too high which means they are not really addressing the issue. The fishermen are catching far below the quota and essentially the problem still remains. The article contests that until the quota goes down, real progress will not be made. The article also goes into detail of different regions and how some regions are tapping into the resources of others and ultimately damaging the system. This is a real life example of quotas and how they must be reasonable to work effectively.

http://dotearth.blogs.nytimes.com/2008/11/26/the-tuna-tragedy-of-the-commons/

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