Profile

Cover photo
Juan Bermudez
Works at Media 8
Attended Instituto Escuela
157 followers|777 views
AboutPostsPhotosYouTube

Stream

Juan Bermudez

Shared publicly  - 
1
Add a comment...

Juan Bermudez

Shared publicly  - 
 
Google+ games. pretty sweet.
2
Add a comment...

Juan Bermudez

Shared publicly  - 
 
Testing the stream with a link to some shoes....
1
Adam Cheslow's profile photo
 
i wore shoes once
Add a comment...
Have him in circles
157 people
juan Di Polo's profile photo
Dino Albizzati's profile photo
Greg Dubois's profile photo
Paloma Villegas's profile photo
Marcos Herrera's profile photo

Juan Bermudez

Shared publicly  - 
 
good read.
Tim O'Reilly originally shared:
 
"Really fascinating piece by +John Robb (via +Glyn Moody (@glynmoody)) outlining the idea that concentration of wealth in the US has led to what is, in essence, a centrally planned economy, with all the ills that entails. This is one of those eye-opening connect-the-dots pieces that everyone should read.

Robb writes:


"Of course, the misallocation due to centralized decision making wasn't supposed to be a vulnerability of the West. To allocate resources in our economy, we had a conceptually more efficient mechanism: markets. Markets are supposed to be a mechanism that allows massively parallel decision making.

"Those assumptions are proving false. The succession of market bubbles, the global financial collpse of 2008, and the recent US debt problem is prima facie evidence that gross misallocation has occurred for decades. The wealth of the West, particularly the US, is being spent on the wrong things year after year, decade after decade. We are now as fragile as the Soviet Union in the late 80's.

"What happened?

"Central planning took over the decision making process in the US, both through the growth of government and through an unparalleled concentration of wealth...


"The parallels between the rapid growth of US government bureaucracy and the Soviet bureaucracy is straight forward. As more and more of US economy was controlled by a narrow group of decision makers allocating government resources, the more sluggish the entire economy became (most of this was due to massive growth and mis-allocation in entitlements and defense). Further, the ability of government bureaucracies to extend their decision making to remaining majority of the economy through regulatory action, is also a form of centralization. However, even with all of this government growth, it's is still not enough to account for the level of misallocation we are seeing.

"There's is something else at work.

"The answer is that an extreme concentration of wealth at the center of our market economy has led to a form of central planning. The concentration of wealth is now in so few hands and is so extreme in degree, that the combined liquid financial power of all of those not in this small group is inconsequential to determining the direction of the economy. As a result, we now have the equivalent of centralized planning in global marketplaces. A few thousand extremely wealthy people making decisions on the allocation of our collective wealth. The result was inevitable: gross misallocation across all facets of the private economy."
1
Add a comment...

Juan Bermudez

Shared publicly  - 
2
Add a comment...
People
Have him in circles
157 people
juan Di Polo's profile photo
Dino Albizzati's profile photo
Greg Dubois's profile photo
Paloma Villegas's profile photo
Marcos Herrera's profile photo
Work
Occupation
Anything Digital Goes.
Employment
  • Media 8
    Technical Poducer, 2011 - present
  • Media 8
    Interactive Developer, 2007 - 2011
  • Wikot
    Flash Designer, 2007 - 2007
Basic Information
Gender
Male
Story
Tagline
Le man de les internetz
Education
  • Instituto Escuela
    Highschool, 2002
  • Universidad Simon
    Material Science & Ing., 2002 - 2006
  • Centro de Diseño Digital
    Visual Communication, 2006 - 2007
  • Art Institute of Fort Lauderdale
    Interactive Media, 2007 - 2008
Links