Post-capitalism Links 7.23.2015

  1. Pope Francis leading a socialist revolution?
  2. The end of capitalism has begun – As the world economy becomes primarily information based, will we see reduced reliance on centralized corporate entities and monetary systems in favor of decentralized trust mechanisms and electronically mediated barter of labor time?
    1. La’Zooz: The Decentralized, Crypto-Alternative to Uber
    2. Bliive: Brazilian barter website turns time into money

Bonus: Price stickiness is not a mystery, and it is not psychology – Corporate and household debt priced in nominal terms as a primary driver for wage stickiness, and hence unemployment. Does pricing debt in non-monetary terms, such as labor time, eliminate this effect?

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