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Most private equity firms are paid on the 2-and-20 model: a 2 percent annual fixed fee on all the money it invests and 20 percent of all profits above a certain threshold. The United States taxes money made from investments—so-called capital gains—at a lower level than money made through ordinary l…

As the chapters in this book explain, private equity firms also hasten the “financialization” of the American economy through the increased power of banks and other financial institutions over companies that make and sell useful products and tangible goods. Today, the finance industry gets a quarte…

I didn’t write poetry or perform anything publically about my deafness for years because I didn’t think there was poetry in it. Deafness was something I was trying to look away from, something that stained my humanity. It didn’t deserve language, it didn’t belong in the ‘Perfect Species’ or the sto…

Slot machine players in particular seem to crave what the cultural critic Michael Crawford terms ‘automaticity’ – or a state of pure passivity in which they are at one with the machine, reactive, responsive, but no more than that; the whole of their sensorium shrunk down to a tiny forcefield. Press…

If I remain baffled by the way some people seem able to blithely chuck away something I find so difficult to retain, it is not because I do not understand the rules of capitalism so much as I marvel at the hidden workings of the human mind. With the life’s work I’ve chosen and settled comfortably i…