"Letting firms fail, and share prices fall to their market level, also provides younger generations with the same opportunities that we, Gen X and boomers, were given: a chance to buy Amazon at 50x (vs. 100x) earnings and Brooklyn real estate at $300 (vs. $1,000) per square foot. Just as we pretend our service men … Continue reading Geriatric and/or Managerial Socialism
Tag: capitalism
The Limits of Growth
"Whether we find ourselves amidst the vast terrain of the commercial internet; in our libraries, archives and museums; or between the parks, public housing facilities and utility infrastructures of our cities, thinking beyond growth as an end in itself requires attending to maintenance and care: who deserves it, who performs it, and to what end. … Continue reading The Limits of Growth
