Saved by Sarah Drinkwater
Negations: Capitalism and Schizophrenia
The fearful and fearsome reaction against growing inequality, social dislocation and loss of common identity in the midst of today’s vast wealth creation, unprecedented mobility and ubiquitous connectivity is a mutiny, really, against globalization so audacious and technological change so rapid that it can barely be absorbed by our incremental natu... See more
Nathan Gardels • The Perils Of Smashing The Past
As Larry Summers and J. Bradford DeLong would write in August 2001, just a month after the file-sharing service Napster was taken down, ‘the most basic condition for economic efficiency … [is] that price equal marginal cost.’ They went on: ‘with information goods, the social and marginal cost of distribution is close to zero.’ This held true not on
... See moreAaron Bastani • Fully Automated Luxury Communism
It is only recently that the elaboration, the modeling of one’s personal and social identity, has been reorganized to conform to the uninterrupted operation of markets, information networks, and other systems.
Jonathan Crary • 24/7: Late Capitalism and the Ends of Sleep
The obligation to both succeed and enjoy has turned postmodern consumers into clones of each other’s exclusiveness, without the advantage of mutual solidarity. Hence the strange combination of excessive individualism and a collective consumerism in which we all cherish the illusion that we are unique.