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A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
than be slaves to market forces (Du Bois 1933b).
Jessica Gordon Nembhard • Collective Courage: A History of African American Cooperative Economic Thought and Practice
From an interview between David Lipsky and David Foster Wallace in 1996.
DFW: Oh—the reason why I think you oughta do a book about TV, is this problem is not gonna go away. I don’t know about you, but in ten or fifteen years, we’re gonna have virtual reality pornography. Now, if I don’t develop some machinery for being able to turn off pure
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One major contribution to this movement came from Massachusetts federal judge Bailey Aldrich, who expanded Stanley’s protections in a later 1969 case. Whereas the Supreme Court had protected private possession of obscenity in an individual’s home, the question posed by Aldrich was, “How far does Stanley go?” In the judge’s view it extended to adult
... See moreWhitney Strub • Perversion for Profit
When the accumulation drive hits short-term credit, real estate, and passive equity, that is when the party will really start.