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How Airbnb is being supplanted by the twentieth-century relic known as the hotel is a good lesson in capitalism. In particular, it’s a reminder to ignore perennial promises that new market innovations will reform capitalism so that it works equally for corporations and everyone else. … But crowd-based capitalism, as it turns out, is just…
These are twenty lessons from the twentieth century I published seven years ago, first as a kind of online declaration, and then, with historical examples, in a pamphlet called On Tyranny. They were written in advance of the first Trump presidency, and have been used since in the U.S. and around the world. For those who…
Two of Japan’s major cultural contributions converge in POKÉMON X KOGEI | Playful Encounters of Pokémon and Japanese Craft. On view at Japan House Los Angeles, the exhibition showcases more than 70 sculptures and installations that recreate the fantastical animated characters from Squirtle to Pikachu in ceramic, metal, fiber, and more.
Now think about what the data’s telling us. Macro indicators, micro indicators—things are just fine. Well-being—things are crushing, terrible, people are in despair and ruin. This is the Great Divergence in action. How can this be, though? How can these statistics all disagree? Remember, well-being data was invented because GDP and its ilk faced a…
Yet there’s potentially a more sinister angle. California Forever aligns suspiciously with a cultish dystopian movement to build so-called “network states”—private zones where tech zillionaires can abandon democratic society to live under the rule of their own private micro governments. The secret plot to assemble vast swaths of land and build a new city fits…
If you’re not happy with the spec, change it. But once there’s a spec, goodenough is good enough.
Add these factors together: how do you run a society with a constantly, rapidly increasing subset of the population long-term ill? Frankly, it doesn’t make any sense. It’s not only a moral issue; yes, I believe it’s wrong to forcibly infect everyone with a vascular disease with unknown long-term health effects over and over again.…
Richard Murphy provides a fine takedown of the pernicious role neoclassical economists have played by overstating the risk of inflation and using it as a pretext to cruch wages. However, Murphy, no doubt due to space constraints, understates the scope and nature of damage done by neoclassical economics, which has become the foundation of mainstream…
Dave5 