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“When you’re a conservative Republican, you never think people are making money by ripping other people off,” he said. His mind was now fully open to the possibility. “I now realized there was an entire industry, called consumer finance, that basically existed to rip people off.”

Michael Lewis • The Big Short: Inside the Doomsday Machine

We’re moving, or so it seems, to a world where we’re no longer making anything in this country; we’re merely trading pieces of paper, swapping stocks and bonds back and forth with one another, and paying our financial croupiers a veritable fortune. We’re also adding even more costs by creating ever more complex financial derivatives in which huge a... See more

John Bogle • "Enough"

Payday lenders often harm more than help. Because of the unfavorable pay cycle mentioned, many Americans live in constant financial instability, unable to weather economic shocks. In tight times, millions turn to payday lenders. These predatory operators often charge more than 600% APR, creating a cycle in which workers fall into a constant deficit... See more

The Generalist (US) • Clair: Rewiring How America Gets Paid

The problem ‘akshually’ is that contemporary programmatic advertising is too efficient, and the ads sales people at The New York Times selling outrageously priced ads on a fixed, rate-card basis were selling media not really worth the cost (when measured at the level of precision the internet makes possible). Decades worth of such advertising mispr... See more

Antonio Garcia Martinez • Advertising and Web3

There are good reasons to believe that online advertising inventory is steadily decreasing in value over time. Two forces drive this erosion of value: structural shifts in what people pay attention to, and a massive global economy of fraud in the programmatic advertising marketplace. These trends are hidden by the murkiness of online advertising,

Tim Hwang • Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet (FSG Originals x Logic)

The Curse of Bigness: Antitrust in the New Gilded Age

Tim Wu

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Cover of The Curse of Bigness: Antitrust in the New Gilded Age

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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

subprime loans like the 2/28 accounted for almost 20 percent of all mortgages. (The percentage in poorer neighborhoods, such as the Bronx, was much higher, with more than 60 percent of all mortgages falling into the subprime category.)

Jonah Lehrer • How We Decide

Determined to unshackle market forces from the heavy hand of the state and the millstone of “tax and spend,” the classes that led this bloc aimed to liberalize and globalize the capitalist economy. What that meant, in reality, was financialization: dismantling barriers to, and protections from, the free movement of capital; deregulating banking and