“In America, the economic fortunes of ordinary people like those in Ramsey’s audience are stagnating, while the fruits of increased productivity and profits are accruing to the wealthiest among us, including Ramsey himself, at an accelerating rate. But Ramsey seems to think that concern over inequality just comes down to bitterness. ‘This idea that it […]
quotes
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“I did have an interesting (unattributable, of course) briefing from someone very senior in one West Coast mega-corporation who conceded that neither he nor the CEO of his company had security clearance to know what arrangements his own organization had reached with the US government. ‘So, it’s like a company within a company?’ I asked. […]
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“In the days before this Halloween, it was especially hard for me to avoid interpreting its elements too bluntly. If you have cancer, if you’ve had it for a while, at some point you start really seeing all those skulls and skeletons and Styrofoam headstones, all those children in hooded capes, bearing scythes on their […]
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“In the jargon of economics, the demand for therapeutic drugs is ‘price inelastic’: increasing the price doesn’t reduce how much the drugs are used. Prices are set and raised according to what the market will bear, and the parties who actually pay the drug companies will meet whatever price is charged for an effective drug […]
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Bureaucracy’s Playthings
“‘In the average business office, record making constitutes approximately ninety percent of the activity. Alert businessmen keep a constant check on their costs of doing business. One paper lost, mislaid, or delayed can and often does inconvenience and retard a dozen or more people in their work.’ “Furthermore, ’few people realize that, of all the […]
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“Bill Cassidy—the second owner of Pretzel—told us before he passed away that that was one of the gimmicks that he was most proud of. It was just a spool of thread. It would hang from a rafter in the ceiling, and it would rub up against people’s faces and creep them out. It’s supposed to […]
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“As a boy, I wanted to be a train. I didn’t realize this was unusual—that other kids played with trains, not as them. They liked to build tracks and have trains not fall off them. Watch them go through tunnels. I didn’t understand that. What I liked was pretending my body was two hundred tons […]
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“The problem today is that neither individual homebuyers nor even larger commercial builders drive ‘market forces.’ Instead, the market for real estate construction comprises managers of hedge funds and speculators who buy buildings and homes as rental properties. They are waiting for the value of the buildings to rise, as they had before the 2008 […]
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“Circumstances in the Tenderloin are not normal. And San Francisco is not a normal city. Barring a seismic shift in city politics, the TL is not going to gentrify the way that similar neighborhoods have in other cities. Not next year. Not in five years. Maybe never. For better or worse, it will likely remain […]
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“But was Playboy Marfa creative expression or crass commercialism? The debate over art versus advertising has consumed artists and critics for decades. Andy Warhol brought it to a head in 1962 with his paintings of Campbell’s soup cans; a few years later, critic Marshall McLuhan proclaimed that “art is anything you can get away with.” […]