Have you ever noticed how online capitalism cultists who condescendingly tell socialists they “just don’t understand economics” are always unable to lucidly defend their own understanding of economics?
If you’ve never pressed such a character to clearly and concisely explain what it is you “don’t understand” using their own words, I highly recommend that you try it, because it’s one of the funniest things in the world. If you keep interrogating them about each aspect of their belief system, demanding that they explain exactly what it is they know and how they know it, they will invariably end up getting frustrated and telling you to listen to this or that economist if they don’t rage quit on you altogether first.
Bagisto is a free opensource platform used to build an e-commerce store. In a time frame of just two years, the platform from India has got over 30k+ downloads, 3k+ Github Stars, built a community of 1500+ members and generated revenue of more than $300k. Saurav Pathak, Vice President, Product and Sales, Bagisto, shares with us, how his firm has succeeded in this market, and why open source development and adoption must be encouraged to reduce trade deficits.
As an example of transformative change that is now underway, Joshipura pointed to the telecom industry. “For the past 137 years, we saw proprietary solutions,” he said. “But in the past several years, disaggregation has arrived, where hardware is separated from software. If you are a hardware engineer you build things like software developers do, with APIs and reusable modules. In the telecom industry, all of this is helping to scale networking deployments in brand new, automated ways.”
The universal basic income is an idea whose time has come. And, slowly but surely, it is converting members of the tech elite.
Phi Beta Iota: Buckminster Fuller was the first to say that most jobs are not worth the petrol used in their commute. Most jobs are a way of keeping the serfs occupied so they do not revolt and burn down the banks. The times, they are a’changing.