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“we have entered a different phase for the economy, a new era where production matters less and what matters more is access to that production: distribution, in other words—who gets what and how they get it”[282]. In this context, there
Nicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
But there’s only one way to stay wealthy: some combination of frugality and paranoia.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Howard Marks • Howard Marks Memo - The Winds of Change
The priority of modern politics is economic growth. But humanity’s struggle towards material security will only be worthwhile if we understand and find ways to attenuate the psychological afflictions that appear to continue into, and are sometimes directly fostered by, conditions of abundance. The problems of the thirty or so rich countries describ
... See moreAlain De Botton • The School of Life: An Emotional Education

We live in an era of wealth and overabundance, but how bleak it is. There is “neither art nor philosophy,” Fukuyama says. All that’s left is the “perpetual caretaking of the museum of human history.”
Rutger Bregman • Utopia for Realists: How We Can Build the Ideal World
Byrne Hobart • The Diff | Byrne Hobart | Substack
“Private capital tends to become concentrated in [a] few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of the smaller ones,” Albert Einstein wrote in 1949 in the Monthly Review in expla
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