Saved by Riley Crane
Kludgeocracy in America
Our elected officials base their decisions not on the public good but on the possibility of campaign contributions and lucrative employment on leaving office. Our corporate elite tell us government is part of the problem and the markets should regulate themselves—and then…
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Chris Hedges • Empire of Illusion: The End of Literacy and the Triumph of Spectacle
It’s also hard to imagine the US successfully regulating new structures like DAOs. Even the right wing of the Democratic Party has turned on the latest nominee for Comptroller of the Currency despite her being far from a radical when it comes to regulating financial oligarchs. The political paralysis the US state is experiencing shows no signs of a... See more
Jason Barrett Prado • DAOs are interesting, likely, and terrifying
But generally, the move from government provision of housing, food, and jobs programs to this network of semiprivate organizations introduced perverse incentives into life-sustaining institutions. The result has been a wealth transfer of public money to boards of directors staffed largely by local elites that are more likely to be responsive to rea
... See moreDavid A. Banks • The City Authentic: How the Attention Economy Builds Urban America
When you think closely about the terms under which industrial democracies have operated, it is more logical to treat them as a form of government controlled by their employees. Thinking of mass democracy as government controlled by its employees helps explain the difficulty of changing government policy. Government in many respects appears to be ru
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