The US can’t beat China’s robots but it can win by building the machines that make them – Matt Beane

MIT Sloan Ph.D. Student Matt Beane

From Quartz

As a US presidential candidate, Donald Trump made keeping manufacturing jobs in the country a key economic issue. He promised to bring back jobs from China, Mexico, Japan, and elsewhere; he pledged to force companies from Ford to Apple to Nabisco to open or re-open factories on American shores; and he vowed to revive the coal and steelmaking industries. His promise to create industrial jobs was key to his electoral victory.

Still, many were—and remain—deeply skeptical of Trump’s plans. Mark Cuban, internet entrepreneur and frequent thorn in the side of the president, says that bringing back manufacturing will backfire and lead to overall job losses. Instead, he says, the US ought to invest in robotics to compete with China. “We have to win the robotics race,” he says. “We are not even close right now.” (For what it’s worth, Trump’s labor secretary Steven Mnuchin recently disagreed, saying robots aren’t even “on my radar screen.”)

Cuban is on the right track, but the fact is that it’s too late to go head-to-head with China on building robots alone. We can’t compete with China’s robot revolution. But we can complement it.

Read More »

Transforming capitalism: 7 acupuncture points – Otto Scharmer

MIT Sloan Sr. Lecturer Otto Scharmer

MIT Sloan Sr. Lecturer Otto Scharmer

From The Huffington Post

After a year of disheartening setbacks, many activists and change-makers may feel that the critical goal of transforming capitalism is slipping out of reach. Yet, having just returned from a four-week trip to many sites and gatherings working on social, economic, and spiritual renewal, I feel that the opposite is true. There are more fascinating and eye-opening examples of this transformation emerging worldwide than ever before. But something is missing, something that contributes significantly to the sense that we’re heading in the wrong direction. Simply put, what’s missing is a systemic connection between all these initiatives—an enabling mechanism that allows us to not only connect the dots, but also to see ourselves, and the significance of our work, from the whole. Below, I take you on a tour through the landscape of some current initiatives, and at the end of this journey I propose how we might link up and support the larger landscape of economic transformation.

Transforming Capitalism

In previous columns I have described our current moment of crisis—specifically the rise of Trump, the far right, and populist strongmen—as the result of two factors: (1) the increasing rate of disruption and (2) the lack of a capacity to lean into these moments by letting go of the old and letting come new patterns and possibilities (a capacity I call presencing).

Read More »

ViewPoint: The absurd math of the electoral college

MIT Sloan Assistant Professor Tauhid Zaman

MIT Sloan Assistant Professor Tauhid Zaman

From the Boston Business Journal

For those who think it’s mathematically odd that Donald Trump was sworn in this past week as the next president of the United States — even though he lost the popular vote to Democrat Hillary Clinton by nearly 3 million votes — I have some news: It could have been even more strange.

Instead of netting only 46.1 percent of the vote compared with Clinton’s 48.2 percent of the popular vote, Trump could have, by my calculations, pulled in a mere 22 percent of the popular vote and still won the election.

How is that possible? Thank our quirky electoral college system, as outlined in the U.S. Constitution, that assigns electoral votes to final election outcomes in individual states, not by a nationwide vote tally.

It’s all about mathematics. Here’s how it works.

Read More »

A presidential truthfulness oath – Yasheng Huang

MIT Sloan Prof. Yasheng Huang

MIT Sloan Prof. Yasheng Huang

From Project Syndicate

On January 20, 2017, Donald Trump will be sworn in as the 45th president of the United States. I say “sworn in,” rather than “assume the presidency,” because, under Section I of Article II of the US Constitution, Trump cannot actually become president unless he takes an oath of office, publicly committing himself to uphold the Constitution and perform to the best of his ability while in office. That is, of course, the case for all presidents. But, given how Trump comported himself during the campaign, it is particularly meaningful in his case.

Until now, Trump has made no effort to behave in an honest or reliable way. Technically, he didn’t have to. The US does not require any sworn statements from the men and women who run for president, nor does it have any enforceable code of behavior or constraints on the kind of rhetoric that can be used. Candidates may conduct themselves however they see fit.

This approach is based on the assumption that we can trust the candidates’ judgment. People seeking the country’s highest office should know how to balance the political imperative of winning votes with a sense of responsibility for the feasibility of – and reasoning behind – their policy promises.

By and large, experience has vindicated this view. The US has had the good fortune of choosing largely from among presidential aspirants who adhere to generally accepted norms. With Trump, it seems that fortune has turned into bankruptcy.

Read More »

How to cure the electoral college – Arnold Barnett and Edward Kaplan

MIT Sloan Professor Arnold Barnett

MIT Sloan Professor Arnold Barnett

From The Los Angeles Times

The popular vote winner is poised to lose the presidency in the electoral college on Dec. 19, and calls are widespread to replace the college with a national popular vote. That proposal will go nowhere: Amending the Constitution is too difficult, and getting a Supreme Court judgment against the electoral college is almost as fraught. It doesn’t help that a direct presidential election is perceived as benefiting Democrats, and Republicans are ascendant at both the state and federal levels.

A simple reform, however, might go a long way toward reducing objections to the electoral college without introducing a partisan bias.

Our alternative would preserve the current arrangements for assigning electoral votes to individual states. As required by the Constitution, each state’s total electoral vote would be based on the size of its delegation in the House of Representatives (determined by population) and in the Senate (every state gets two). In most states, electoral votes are finally awarded on a winner-takes-all basis. We propose instead that electoral votes be awarded in direct proportion to each candidate’s share of the states’ popular vote.

Read More »