● What the heck is Izabella Kaminska on about, and is there
any chance it is true? As far as I can tell the gist of her (jargon-filled and
neologism-heavy) argument is that we have solved scarcity, our financial system
is still organized as if we hadn’t, yet rather than rethink the financial
system, we are instead desperately creating artificial scarcity by fiat. That
seems crazy – the sort of thing only someone living in the recursive
hall-of-mirrors world of high finance could believe – but modern economies are highly
counterintuitive, and I’m a layman, so to me, at least, if she’s wrong, she’s
not obviously wrong.
Video of the week: Via Slate, here's Tim Minchin’s “Storm,” a
meditation on science denialism. He focuses on the hippy-dippy and po-mo
varieties, but the fundamentalist version is equally maddening and, in U.S. politics, far more of a concern.
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