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280

A socialist computer: Chile, 1970-1973

1
terms
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notes

on Stafford Beer's work in cybernetics for the Chilean gov under Allende (Cybersyn, basically centrally planning an economy)

Hughes, B. (2016). A socialist computer: Chile, 1970-1973. In Hughes, B. The Bleeding Edge: Why Technology Turns Toxic in an Unequal World. New Internationalist, pp. 280-302

a term for the loans provided by the IMF and the World Bank to countries that experienced economic crises, which come with strings attached: privatisation and deregulation, mainly (the conditions are also known as the Washington Consensus)

282

imposing 'structural adjustment' agreements: drastic cuts to public-sector spending and the sell-off of public-sector assets to fund debt-servicing

—p.282 by Bob Hughes
notable
7 years, 2 months ago

imposing 'structural adjustment' agreements: drastic cuts to public-sector spending and the sell-off of public-sector assets to fund debt-servicing

—p.282 by Bob Hughes
notable
7 years, 2 months ago
294

The attempt to shut down the economy in October 1972 not only failed; it also shone a floodlight on the sheer scale of the redundancy (in terms of unnecessary equipment and so on) a supposedly 'efficient', competition-based economy needs, just to that its players can compete with each other.

re: a trucking strike in October 73, funded by US govt

I think about this a lot ... the amount of redundancy is so wasteful, esp in tech (think of all the competing apps like Uber/Lyft and shit that have to develop the same tech independently cus they're trying to "compete")

—p.294 by Bob Hughes 7 years, 2 months ago

The attempt to shut down the economy in October 1972 not only failed; it also shone a floodlight on the sheer scale of the redundancy (in terms of unnecessary equipment and so on) a supposedly 'efficient', competition-based economy needs, just to that its players can compete with each other.

re: a trucking strike in October 73, funded by US govt

I think about this a lot ... the amount of redundancy is so wasteful, esp in tech (think of all the competing apps like Uber/Lyft and shit that have to develop the same tech independently cus they're trying to "compete")

—p.294 by Bob Hughes 7 years, 2 months ago