More on Why Bank IT and Payment Systems Matter
The IT challenges of a Grexit are important not only in and of themselves, but as a window into the creaky state of bank IT and the systemic risk it poses.
Read more...Category Archives: Technology and innovation
Louis Proyect: A Brief Response to Joe Firestone on IT/Grexit
Why believing that there must be an easy way for Greece to pull of a Grexit does not make it so.
Read more...Louis Proyect: Once More on IT and a Return to the Drachma
Why selling magic sparkle ponies, in the form of presenting a conversion to the drachma as easy when it isn’t, makes for bad IT and even worse policy prescriptions.
Read more...Why Carbon Taxes Would Be the Ultimate Energy Game-Changer
Carbon taxes are one of the most effective ways to curb the use of fossil fuels and promote renewable energy sources. And they also help businesses because providing for a predictable price of carbon encourages investment. Has their time finally arrived?
Read more...More on the Systemic Risk of Bank IT Systems
Why financial firm IT is a bigger and more imminent source of systemic risk than you might think.
Read more...More on the IT Implications of a Grexit
Why it will probably take no less than three years to do the IT implementation related to a Grexit.
Read more...Debt Miracle: Why the Country that Borrowed the Most Industrialised First
Is debt really that bad? This column looks at the towering debts, rapid tax hikes, and constant state of war that led to Britain’s Industrial Revolution, showing that the devil is in the detail when assessing sovereign debt. When we consider the dangers of debt in today’s world, we should keep an eye on its potential benefits as well.
Read more...Once Again on the IT Challenges in Converting to the Drachma
Why the left is not doing itself, or the Greek people, any favors by minimizing the difficulties in converting to the drachma.
Read more...Quest for a Narrative Representation of Power Relations
Technical approaches to representing power relations, as exemplified by Chris Christie’s web of corruption.
Read more...Bank IT, Grexit, and Systemic Risk
Why bank IT is more of a mess than you possibly imagined, and why that matters.
Read more...Convert to the Drachma – Piece of Cake. Right…
Those who consider a Grexit, meaning reintroducing drachma, to be a sine qua non for Greece moving forward have no idea of what that entails.
Read more...Why the Greek Government Rejects a Grexit
Why the Greek government and Greek citizens recognize that a Grexit is a terrible idea for them.
Read more...The Card System, Demystified, and Implications for Re-Introducing Drachma
A detailed explainer on how card systems work and what the impact of a drachma re-introduction would be for them.
Read more...Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...The Revival of Cities and the Urban Land Premium
The popularity of certain cities is explained by their attractiveness for innovative enterprises and high-educated top talent. Is this a durable trend?
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