Teen Vogue continues its run of excellent, progressive political reporting with Kim Kelly's potted explanation of capitalism, and not a minute too soon, as Kelly explains: "the reason many millennials haven’t been investing in mutual funds or building up their own financial nest eggs isn’t because they’re too broke, or that they lack personal responsibility — it’s because they think our current economic system, capitalism, will cease to exist by the time they are in their 60s."
The kind of impact that capitalism has on your life depends on whether you’re a worker or a boss. For someone who owns a company and employs other workers, capitalism may make sense: The more profits your company brings in, the more resources you have to share with your workers, which theoretically improves everyone’s standard of living. It’s all based on the principle of supply and demand, and in capitalism, consumption is king. The problem is that many capitalist bosses aren’t great at sharing the wealth, which is why one of the major critiques of capitalism is that it is a huge driver of inequality, both social and economic.
What “Capitalism” Is and How It Affects People [Kim Kelly/Teen Vogue]
(via Naked Capitalism)
Smarter people than me have pointed out that "work-life balance" says the quiet part out loud, implicitly confirming that you stop living when you're at work. Miles Matrix's Dungeons and Deadlines makes all this much realer with acerbic wit and rockin' chiptunes. My spouse left me after five turns. (via Four Short Links)
Frontier is the bottom-rung of the top-tier of US ISPs, serving customers in 29 states. Despite enjoying monopoly control over its customers' online lives, and despite massive government handouts and a lackadaisical approach to maintenance, and despite out-and-out theft from customers, the company is filing for bankruptcy, having accumulated $16.3b in debt through mismanagement.
New York's luxury real-estate market has been in freefall for years, and now the city's super-luxe buildings are sitting empty -- even as property prices in the city remain stubbornly high, prompting 300 New Yorkers to move out of the city every day, and filling the homeless shelters to capacity and beyond.
Traditional headphones are overrated, especially now that this HumBird Bone-Conducting Speaker allows you to enjoy a rich and completely unique listening experience depending on where you place it. A must-have item for true audiophiles looking to switch up their usual listening routine, this compact speaker uses cutting-edge bone conduction technology in order to deliver a […]
You don’t need to be a professional chef in order to enjoy a great set of knives in your kitchen, yet far too many would-be culinary pros settle for subpar blades that lose their edge after a few months. This Schmidt Brothers® Cutlery Carbon 6 7-Pc Knife Block Set will bring a new level of […]
Now that the latest iPhones have embraced the wireless charging revolution, there’s really no excuse for not having a wireless charger of your own. But even the best wireless chargers don’t allow users to use their phones while they’re being powered up. This Suction Powered Wireless Charger breaks that rule by allowing you to comfortably […]