Developers as Capital

I’ve just been reading this Forbes article called “The Rise of Developeronomics”. The author argues that because increasingly software is the core value proposition that differentiates companies from each other, that software developers are more and more becoming the wealth creators in society. The author recommends investing in software developers as a way of leveraging your own capital. This article builds on an earlier article by David Kirpatick called “Now Every Company is a Software Company”.

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Race Against The Machine

I just finished reading the Kindle book Race Against The Machine, a book I thoroughly recommend. This was the driver of the NPR article I blogged about recently.
The book is mostly oriented towards the US, although the issues they discuss seem to be prevalent across all major economies. The authors make the case that technological improvements are severely impacting every job market except those for highly-skilled individuals.

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Detroit – Ground Zero for Economic Collapse

Here is a video showing how badly Detroit has been affected by the collapsing housing market. Towards the end of the video you can see some amazing mansions in the worst-hit areas of Detroit that you can supposedly buy at a massive discount.

Social Collapse – Best Practices

Hmmm…. first I read this transcript from a speech by Dmitry Orlov entitled “Social Collapse – Best Practices”, and then I saw on Boing Boing the post How are you coping with Collapse-Anxiety?

The first post describes what might happen if the US collapses in the same way economically as the USSR did in the 1990’s. It then goes on to making recommendations about what to focus on – essentially food, transportation, shelter and security. I thought it was fascinating because although I have been thinking for a number of years that the economic situation was going to get bad, I didn’t envision quite a collapse of that order of magnitude. As the crisis continues however, the possibility suddenly seems to become credible.

I found the comments interesting in the Boing Boing post. It seems as though quite a number of people were actually starting to find themselves in situations reminiscent of those described in the first post – primarily from posters in the US. Scary.

Comparison of Downturns

A while ago, I created a Mathematica plot comparing the Great Depression, the Tech Crash and the Oil Crisis with the current financial crisis. This analysis was inspired by a chart I saw last year comparing these recessions with our current situation. Anyway, I thought it was worth bringing the chart up-to-date.

[Edit] The original chart I saw was this one.[/Edit]

Comparison of four economic downturns
Comparison of four economic downturns

Lehman Brothers

I just popped down to the Lehman building here at Canary Wharf to see what was going on. There were a few people standing outside, and news crews filming – but overall it seemed pretty quiet.