Links tagged with “economy”
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Play to Lose — Real Life
A similar theme to the previous, the financialisation of everything, but from a different point of view. NFTs, crypto, Wall Street Bets, etc as “revenge capitalism”, supporting not fighting capitalism. (via Web Curios)
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John Lanchester · Are we having fun yet?: The Biggest Scandal of All · LRB 4 July 2013
This and the second part are so worth a read. Banks are mind-boggling.
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Let’s Call it Failure (London Review of Books)
John Lanchester on good, if depressing, form on the state of the UK economy and “austerity”.
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Flash Crash | Beyond The Beyond
Sterling: “why do these microsecond-trading enterprises even exist? … Even a casino would disallow this kind of techno-”innovation”. … Enron was innovative. Enron was super-innovative.”
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LRB · John Lanchester · The Great British Economy Disaster
Another must-read. “This is a direct transfer of wealth from the taxpayer to the banks, and the only difference between it and an actual, physical licence to print money is that the banks don’t have a piece of paper with the words ‘Official Licence to Print Money’ written across the top.”
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Government Beyond Obama? - The New York Review of Books
A review of ‘The Case for Big Government’ from March 2009, good at putting levels of US federal government spending in a historical perspective.
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Systemic - Too cheap to meter
Trying to calculate the monetary value of distant planets. I’d like to see calculations with a different example at the start, and different measures of inflation.
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Cambridge University - CamTV - Video and Audio - The Phillips Machine with Allan McRobie
Video of the machine that simulates the economy using water. A few years back I couldn’t even find a picture of this thing. The internet’s getting better.
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LRB · John Lanchester: It’s Finished
Very long but very worth reading, on the collapse of the banks. One day I hope there’s a book called “John Lanchester Explains Everything”.