thenextwave

The new politics of place

Posted in economics, politics by thenextwavefutures on 20 April, 2017

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I’m delighted to say that I have the lead article in the latest issue of the Journal of Futures Studies, which published at the weekend.

It’s called “The City, the Country and the New Politics of Place.” It connects the rise of populist politics with the development of a smaller group of high value or core urban/metropolitan labour markets as a result of the rise of the tech-led services and knowledge economy foreshadowed by Alvin Toffler and Daniel Bell. I plan to write more on this, but for the moment here’s the abstract.

Much of the current discussion of the present populist moment in politics has explored issues of social values and economic inequality. In their different ways, these are relevant, but I argue here that they are symptoms of a wider set of changes in society. The prevailing political divisions identified in the Brexit referendum in the UK, the US 2016 Presidential election, and the Austrian 2016 presidential election, suggest a sharper divide between core cities and the rest than previously, which is creating a new politics of place. The roots of this lie in the economic transformations that have occurred as a result of the so-called ‘third wave’ of industrialisation, and the transition to economies based on services and knowledge.

However, these are transformations that are incomplete. The changing nature of work, reward, and consumption that the third wave has engendered is opening up new arguments about the purpose of work. Some of these arguments would have been regarded as utopian a generation ago, but are now entering mainstream discourse. The article also proposes a schematic to understand the political changes this is creating, following the work of Ian Christie, and identifies some implications for the short-term.

The article started life as a contribution to a Symposium on post-Trump politics, but got too long for that section. The Symposium is included in the same issue of the JFS, and includes articles from some distinguished futurists.  The contents list is here.

“The Country, the City and the New Politics of Place” can be downloaded from here.

Image from Death to Stock Photo.

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Understanding the financial crisis

Posted in articles, banks, economics, finance by thenextwavefutures on 15 July, 2010

The global financial crisis was caused by the collision of different systems, operating at different timescales. There are more shocks to come.

I’ve not been able to blog recently – a mix of work commitments and being away – but I’m delighted to say that during that time the article I wrote with Hardin Tibbs on the global financial crisis has been published in the Journal of Futures Studies. We argue that to understand the financial crisis, it’s necessary to look across multiple timescales, and at the same time. There’s a short-run story about the financial sector, going back thirty-forty years, which is also bound up with a technology story; there’s a longer-run story about energy, which goes back to the development of oil as a significant energy source in the early 1900s; and there’s another – more long-term – story about the end of modernity, a story which started being told around 350 years ago. Each of these suggest a system running up against its limits, and each of them on their own could have caused the crisis. The global scale of the crisis was because these different systemic stories started to interact. And looking at it in this way, it is clear that the crisis isn’t over yet.

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Thinking in Three Horizons

Posted in emerging issues, future, methods, strategy by thenextwavefutures on 20 November, 2008

I’ve not had much time to blog recently, but I wanted to mention the article I had published recently in the Journal of Futures Studies on the Three Horizons method (“Seeing in Multiple Horizons: Connecting Futures to Strategy” [opens pdf], August 2008, co-written with Tony Hodgson of Decision Integrity). The three horizons method connects possible futures back to the present, and by doing so helps to structure ideas about likely rates of change and the types of conflict which may occur.
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