Eighty years ago today, on October 16, 1933, Franklin Roosevelt decided to push up the price of wheat, to increase the income, and purchasing power, of depression-struck farmers. He thought that the way to make wheat more costly was to have the government buy some. But was it the large purchase, which limited supply, that affected the price? Or was it the announcement of a purchasing program that shifted expectations and affected prices? [click to continue…]

Snark versus Trains

by Henry on October 16, 2013


“Notorious technophobe Luddite”:http://en.wikipedia.org/wiki/Ethan_Zuckerman “Ethan Zuckerman”:http://www.ethanzuckerman.com/blog/2013/10/15/google-cars-versus-public-transit-the-uss-problem-with-public-goods/

“I don’t want a Google car,” I tell her. “I want a train.” … There’s something very odd about a world in which it’s easier to imagine a futuristic technology that doesn’t exist outside of lab tests than to envision expansion of a technology that’s in wide use around the world. How did we reach a state in America where highly speculative technologies, backed by private companies, are seen as a plausible future while routine, ordinary technologies backed by governments are seen as unrealistic and impossible?

… My student Rodrigo Davies has been writing about civic crowdfunding, looking at cases where people join together online and raise money for projects we’d expect a government to otherwise provide. On the one hand, this is an exciting development, allowing neighbors to raise money and turn a vacant lot into a community garden quickly and efficiently. But we’re also starting to see cases where civic crowdfunding challenges services we expect governments to provide, like security. Three comparatively wealthy neighborhoods in Oakland have used crowdfunding to raise money for private security patrols to respond to concerns about crime in their communities. …

… On the one hand, I appreciate the innovation of crowdfunding, and think it’s done remarkable things for some artists and designers. On the other hand, looking towards crowdfunding to solve civic problems seems like a woefully unimaginative solution to an interesting set of problems. It’s the sort of solution we’d expect at a moment where we’ve given up on the ability to influence our government and demand creative, large-scale solutions to pressing problems, where we look to new technologies for solutions or pool our funds to hire someone to do the work we once expected our governments to do.