It's a not-very-well-kept secret that elements of the libertarian right believe that democracy is incompatible with capitalism (tldr: if majorities get to vote, they'll vote to tax rich minorities and since rich people are in the minority they'll always lose that vote); and as this persuasive and fascinating lecture and Q&A with former Greek finance minister Yanis Varoufakis (previously) shows,
the feeling is mutual.
Varoufakis traces the history of capitalism from the enclosure movement and the industrial revolution and demonstrates that the rise of capitalism is always attended by a weakening of the politics sphere, making it subservient to the economic sphere (he recounts being told by the German finance minister Gerhard Schauble that "financial arrangement cannot be changed by voting," and by Obama that he has been unable to act against the financial sector during the 2008 crisis). He claims that in this moment, 40 years after Reagan and his cohort of deregulators dismantled the New Deal, politics are at their weakest point, and finance at its strongest.
The talk and Q&A range over nationalism and internationalism, organizing the precariat, migration and refugees, demographics and Chinese economic expansionism, and many other topics, with the kind of humor and erudition that is Varoufakis's trademark.
It's a long block of time, but the visuals are pretty dull and you can get by with just the audio if you're going for a long walk, cleaning the house, or working out.
(via Late Stage Capitalism)
The public markets are hungry: as Uber and Lyft look to IPOs to let their investors -- who have been subsidizing 40-50% of every ride -- redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and increase those share prices.
Pepsi's plan to pay a Russian company called Startrocket to loft an artificial constellation of cubesats with mylar sails to advertise a "nonalcoholic energy beverage" has been cancelled for unspecified reasons (the company says its prototype launch using high-altitude balloons was a "one-time event").
* whether they deserve one or not
Believe it or not, PDF files have been the go-to format for contracts and forms of any type since 1993. And sure, they’re easily shareable – but that’s about it. When you need to edit or sign a document – and you will – that’s when frustration can set in. Luckily, there are workarounds, and […]
It’s 4/20! Smoke ’em if you got ’em – and if you haven’t got ’em, check out this roundup of deep discounts on pipes and other accessories. They’re all on sale, but you can take an extra discount off the final price courtesy of the Boing Boing store by using the online code 420SAVE. Freeze […]
Ever wonder if you’re cleaning your teeth well enough? If your last dentist visit has you getting a little more thorough about oral care, it might be time to save yourself some guesswork. A lot of electric toothbrushes promise deep cleaning, but there’s a Platinum Sonic Toothbrush that has power plus the simple but effective […]