1. The United States had its financial bubble. Europe is having one too. Is China next? If it is, it could reshape the global economy and radically reshape Chinese government. Here is an interesting piece about China's real estate bubble.
2. Robert Tracinski thinks we are in midst of a Third Industrial Revolution.
... I like the idea of a breaking the Industrial Revolution into stages, but I would define them in more fundamental terms. The first Industrial Revolution was the harnessing of large-scale man-made power, which began with the steam engine. The internal combustion engine, electric power, and other sources of energy are just further refinements of this basic idea. The second Industrial Revolution would be the development of interchangeable parts and the assembly line, which made possible inexpensive mass production with relatively unskilled labor. The Third Industrial Revolution would not be computers, the Internet, or mobile phones, because up to now these have not been industrial tools; they have been used for moving information, not for making things. Instead, the rise of computers and the Internet is just a warm-up for the real Third Industrial Revolution, which is the full integration of information technology with industrial production.
The effect of the Third Industrial Revolution will be to collapse the distance between the design of a product and its physical manufacture, in much the same way that the Internet has eliminated the distance between the origination of a new idea and its communication to an audience. ...
3. Tyler Cowen has some thoughts about the impact our technological revolution as well Are we living in the early 19th century?
... Eventually all of the creative ferment of the industrial revolution pays off in a big “whoosh,” but it takes many decades, depending on where you draw the starting line of course. A look at the early 19th century is sobering, or should be, for anyone doing fiscal budgeting today. But it is also optimistic in terms of the larger picture facing humanity over the longer run.
4. You may have seen a deeply flawed viral video about wealth inequality this past week. I working on my own response but here is economist Mark Perry's response. In response to the viral ‘Wealth Inequality in America’ video
5. What are the contours of income inequality in the United States? This 40 minute video by Emmanuel Saez offers some important insights.
6. Futurist Ray Kurzweil is a little too sensationalist for my taste but this vid offers interesting food for thought about nanotechnology and the future sports. We will even be able to have meaningful sports competition?
7. Atlantic takes up at a frequently perpetuated myth. 'Women Own 1% of World Property': A Feminist Myth That Won't Die
The recovered wealth - most of it from higher stock prices - has been flowing mainly to richer Americans. By contrast, middle class wealth is mostly in the form of home equity, which has risen much less.
10. When looking at decisions in your own context, Seth Godin explains why Macro trends don't matter so much
Whether or not you think science is wonderful, the stereotype of all scientists being atheists is unrealistic. There is, however, a special dance.
12. I consider this good news. Old Earth, Young Minds: Evangelical Homeschoolers Embrace Evolution
More Christian parents are asking for mainstream science in their children's curricula.
13. Remember to keep Syria and Egypt in your prayers. Nearly 1 in 20 Syrians are now refugees