CM 032: Doug Rushkoff on Redesigning the Economy

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Blog Post - Doug RushkoffNamed one of ten most influential thinkers in the world by MIT, Doug Rushkoff asks some seriously big questions on this episode of Curious Minds.

The biggest one is: what if an economy predicated on growth is unsustainable? Growth at companies like General Electric (GE) used to mean jobs for hundreds of thousands of people. That same growth, at companies like Facebook and Google, yields, at most, tens of thousands of jobs. As growth-oriented tech companies absorb more jobs through smarter tech and automation, is this an opportunity to rethink the nature of work, jobs, and the overall economy?

Doug Rushkoff asks us to consider that topic in his latest bestselling book, Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity. Rushkoff is a professor of media theory and digital economics at Queens College, CUNY. He is the bestselling author of a dozen other books, including Present Shock, Program or Be Programmed, and Life Inc.

In this episode, we talk about:

  • Why Doug sees growth as the culprit in our current economy
  • The unmet promise of technology and the long tail for artists and creatives
  • How big data analytics reduces unpredictability and, thereby, innovation
  • Ways more of us can take ownership of the platforms putting us out of work
  • How it is not the job we want but the meaning, purpose, and material benefits work gives
  • Money as a verb
  • How currency tools like blockchain can help us rethink power and authority
  • Twitter as a textbook case of tech success but growth company failure
  • How digital distributism can trump digital industrialism
  • The shift from tech as energizing to energy sucking

Ruskhoff also talks about how he thinks about technology use in his own life, including which tools he chooses to use and why.

Selected Links to Topics Mentioned

@rushkoff

www.rushkoff.com

Throwing Rocks at the Google Bus by Doug Rushkoff

eBay

Etsy

Operating system

Bazaar

Crusades

Burning Man

Acquisition

IPO

Wired

Chris Anderson

Long Tail

The Long Tail by Chris Anderson

Free by Chris Anderson

Mondo 2000

Boing Boing

Ponzi scheme

Alan Greenspan

Taylor Swift

Power law dynamics

Distributism

Venture capital

Capital gains tax

Blockchain

Bitcoin

PGP – pretty good privacy

Distributism

Marxism

Capitalism

Marshall McLuhan

Peer-to-peer economy

Lendingtree

Fintech

Faustian bargain

Private equity

Flip this house

Michael Dell

The Sixth Extinction by Elizabeth Kolbert

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Thank you to Emmy-award-winning Creative Director Vanida Vae for designing the Curious Minds logo!

www.gayleallen.net

LinkedIn

@GAllenTC

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