Sublime

Yet nearly 250 years after Smith wrote The Wealth of Nations, the publication most committed to defending his legacy was now uncertain whether one of the central premises of his thinking would endure for much longer. Such doubt resides at the very heart of what the Third Disruption means. If capital can become labour – if tools produced by humans c

Throughout history, violence has been a dagger pointed at the heart of the economy. As Thomas Schelling shrewdly put it, “The power to hurt—to destroy things that somebody treasures, to inflict pain and grief—is a kind of bargaining power, not easy to use but used often.

Alternatively, the algorithms might not only manage businesses, but actually come to own them.

Third, this constant and pointless demand for financialization will create political and business opportunities to better facilitate it.

the yen and the mark were devalued over fears of Japanese collapse.

The economy enters a period in which economic dysfunction becomes unbearable to one social faction, even while another continues to benefit.

points to imbalances between production and consumption in the major economies as the primary source of monetary instability.

a world of scarce resources, globalization without new technology is unsustainable.