Couldn’t make the Gov 2.0 summit or Expo this year? No sweat. O’Reilly has posted 76 videos from the event on YouTube, and they’re free as free can be. How much do you love the social web?! Seriously.
In these videos you’ll find brilliant people discussing remarkable new possibilities and business models for reshaping our political culture, our economy and our government. The emerging themes across all of the Gov 2.0 topics this year focus around principles of participation, collaboration, transparency, and efficiency to address the challenges facing our country and the world. I hope the video channel embedded below will wet your appetite and encourage you to open up to new ideas and new ways of thinking about how government works and how we can make it better. If you really want to dive in with both feet first (and why wouldn’t you?), head over to gov2summit.com and drink from the firehose.
In this keynote on Constructive Capitalism, Umair Haque reminds us that not all profits are equal. While some truly innovative companies are creating authentic “thick value” in the economy, others create profit through economic harm to others that results in “thin value” and (what he calls) a “zombieconomy”. How thick is the value you are creating?
This video was created for VINT, the International Research Institute of Sogeti. For more information please visit the following websites Methemedia or http://vint.sogeti.nl. You can also contact duivestein directly. For those of you that don’t have 45 minutes to watch the keynote, here’s a quick synopsis of the video’s content. Read More
Ever wonder what the average American day is actually like? The New York Times published an interactive visualization this week based on data gathered in the American Time Use Survey in 2008 that shows how different groups in the US spend their day. Below are some of the key insights from the survey on the different groups. Not surprisingly, the most striking differences in time usage were between the employed and unemployed…
How Different Groups Spend Their Day
Key Demographic Insights From The Survey
- Everyone: Sleeping, eating, working and watching television take up about two-thirds of the average day.
- Men: Working peaks around 11 a.m., when 40 percent of men are at work. (On weekdays, 70 percent of men with a job are working at that time.)
- Women: At any point during the average day, more than 80 percent of women are doing something other than household chores or caring for children. Together, chores and child care peak around 6 p.m.
- The Employed: At 6 a.m., about 60 percent of employed people are sleeping, compared with more than 80 percent of those who are unemployed.
- The Unemployed: On average, the unemployed spend about a half-hour looking for work. They tidy the house, do laundry and yard work for more than two hours, about an hour more than the employed.
- People Not In The Labor Force: People who are not part of the labor force (a mix of the young, old, homemakers and others) spend about four hours watching television, 50 minutes more than the unemployed.
- White: Whites spend about 25 minutes reading for personal interest (shown here with other leisure activities), more than twice as much as other Americans.
- African Americans: Blacks spend 17 minutes a day (or about two hours a week) on religious activities, more than twice as much as other Americans.
- Hispanics: Hispanics and whites are equally likely to be dining at noon, but hispanics are 1.5 times LESS likely to be eating at 6:30 p.m., the peak dinner time.
- Ages 15-24: About half of this group is enrolled in school. While the young spend the most time on the telephone, they spend the least time on calls to family members.
- Ages 25 to 64: About 75 percent of this group — including two-thirds of women — is employed.
- Ages 65 and over: At 2 p.m., about 1 in 15 people over age 65 is asleep. Older people also spend more time eating (particularly breakfast).
- High School Grads: At 3 a.m., more than 2 percent of people with only a high school diploma (or some college) are working, double the rate for people with bachelor’s degrees.
- People With Bachelor’s Degrees: College graduates spend about two hours watching television, significantly less than those with less education.
- People With Advanced Degrees: Those with advanced degrees spend the most time volunteering: 14 minutes a day (or more than an hour and a half a week), on average.
- People With No Children: Adults living with no children tend to be older: their average age is 51, compared with 38 for adults living with children.
- People With One Child: At 8:30 a.m., more than 20 percent of the adults living with one child are asleep, compared with 15 percent of those living with two or more children.
- People with Two or More Children: Compared with people living with one child, those with two or more children spend an additional half-hour caring for family members.
For the Unemployed, the Day Stacks Up Differently
The data across most groups is the same, until you isolate the unemployed. Nearly 1 in 10 members of the American work force is currently unemployed right now, which is significant, considering the unemployment rate hasn’t been that high in 27 years. The survey showed that on an average weekday, the unemployed sleep an hour more than their employed peers. They tidy the house, do laundry and yard work for more than two hours, twice as much as the employed. The unemployed also spend an extra hour in the classroom and an additional 70 minutes in front of the television. Personally, I was a bit surprised to see that the unemployed generally only spend a half hour job hunting, and replace “work” so heavily with household activities.
TV and Movies Vs. Computer Usage
One of the most surprising insights that the Times analysts never mention is the shockingly small amount of “Computer Use” people report throughout the day as a leisure activity. Across the board, all demographic groups seem to still spend the majority of their free time in front of the tube. I’d expect this from employed knowledge workers (who probably use the computer all day at work and would prefer to do something else in the evening, but even at peak times (10am-12pm) do we see anything more than 1-2% of the unemployed using the computer “as an activity”, for entertainment or otherwise. It’ll be interesting to see if this shifts as entertainment options on the web become further integrated into mainstream tv-like experiences.
A common phrase I’ve heard associated with Tyler Cowen’s new book Discover Your Inner Economist is Mind Grenade, and less than 50 pages in, it becomes clear why. Although I have yet to come across an explicit and concise definition of Mind Grenade, this phrase has undoubtedly been used heavily when talking about this book because of Cowen’s uncanny ability to create “aha! moments” through expert story-telling using extremely well-considered, simple language.
Here’s Cowen on The Virtues Of Capitalsm and Why Fostering a Sense of Control Should be An Inherent Element in Any Economy:
One of the least-heralded virtues of capitalism is how it blends and melds different kinds and mixes of rewards and penalties. Capitalism is not just dollars, dollars, and more dollars. It is also the best system for mobilizing intrinsic motivations toward the greater good of mankind. And that includes allowing people a sense of control.
Capitalism is about knowing when to change incentives and about knowing when to stop thinking about money. The problem with Soviet communism was not just that healthy incentives were too weak, but also that bad incentives were too strong. For most people in the Soviet Union, the only way to have a decent life was to court the Communist Party. This pressure was always present and always overbearing. The choice was to be a total rebel — which usually led to a very bad end — or to court or at least tolerate power. Virtually every social and economic decision was influenced by this calculus.
Of course, this was an unhealthy incentive, but that was not the only problem. It is less commonly understood that the Soviet Union offered less scope for incentive-free behavior than does capitalism. A state-controlled economy led to less pay, most of all in the realm of creating and implementing new business ideas. Play was pretty much restricted to close friendships and family relations. The result was less creativity and less personal human investment in making our world a better place.
And that is a big reason why communism failed.
– Tyler Cowen
