Yanis Varoufakis on capitalism's incompatibility with democracy

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. Read the rest

The future legal shenanigans that will shift liability for pedestrian fatalities involving self-driving Ubers

This week, a self-driving Uber killed a pedestrian in Arizona, the first pedestrian fatality involving an autonomous vehicle; in his analysis of the event, Charlie Stross notes that Arizona's laws treat corporations that kill people with considerably more forbearance than humans who do so, and proposes that in the near future, every self-driving car will be owned by a special-purpose corporation that insulates its owner from liability. Read the rest

After the precariat, the unnecessariat: the humans who are superfluous to corporations

The heroin epidemic in America has a death-toll comparable to the AIDS epidemic at its peak, but this time, there's no movement coalescing to argue for the lives of the economically sidelined, financially ruined dying thousands -- while the AIDS epidemic affected a real community of mutual support, the heroin epidemic specifically strikes down people whose communities are already gone. Read the rest

Precarity is the new normal

Jon Evans is incandescent on the subject of the Great Bifurcation, as the economic equality gap yawns wider and wider. He puts into words the thing that has literally kept me up nights for the past year. What is to be done? (via Making Light) Read the rest