Category: Economy
The Debt We Owe the Future (Which the Future May Not Be Able to Pay)
The entire global economy is a bet that tomorrow will be better than today. Not in a vague, inspirational way. In a literal, mathematical, load-bearing way. The system requires it. The system was designed to require it. And for eighty years, that design has more or less worked, which is exactly the kind of track record that makes people assume it will work forever, which is exactly the kind of assumption that precedes the moment when it doesn’t.
Shopping Malls Are the Most Honest Economist in Any Country | ショッピングモール万歳
Not many Americans born after the Reagan Administration can afford a house, and American shopping malls look like set pieces from a post-apocalyptic film where the zombies got bored and left. The Duffer Brothers set an entire season of Stranger Things in a thriving 1980s shopping mall, and the scariest thing about it wasn’t the interdimensional monster—it was that the food court was full.
Chinese Democracy and Other Sunk Costs: A Theory of the AI Bubble
By: Thom Fain You wanna know what I think about sometimes: Remember when Axl Rose spent $13 million recording Chinese Democracy over fourteen years, and everyone assumed Geffen Records would […]