Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

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4 years, 11 months ago

stock ownership is concentrated at the top

Just as the TARP vote worked to get Congress’s imprimatur on public bailouts for the banks in 2008, the public’s participation in the stock market gave ideological cover to whatever the stock market did: if “the people” supported it, it must be democratic and just. Yet the public’s involvement with…

—p.21 Necessary Trouble: Americans In Revolt Banks Got Bailed Out, We Got Sold Out (13) by Sarah Jaffe
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4 years, 11 months ago

reductions in wages and benefits

The financial sector had grown exponentially in the decades leading up to the crisis—to the point where it accounted for about 40 percent of all corporate profits in the early 2000s, and rebounded from the crash to around 30 percent. And yet it was not very good at doing what it was supposed to do,…

—p.20 Banks Got Bailed Out, We Got Sold Out (13) by Sarah Jaffe
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4 years, 11 months ago

to think in radical terms

It is not due to tactics, though, that I refer to today’s troublemakers as “radicals.” I use the word here to mean those who seek to understand and change problems at their root. As civil rights icon and organizer Ella Baker put it, to think in radical terms “means facing a system that does not len…

—p.10 No Future Shock (1) by Sarah Jaffe
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4 years, 11 months ago

a society that is busily producing horrors

And this is where the story is not just about corporations and technologies. The Twittering Machine may be a horror story, but it is one that involves all of us as users. We are part of the machine, and we find our satisfactions in it, however destructive they may be. And this horror story is only …

—p.212 The Twittering Machine by Richard Seymour
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4 years, 11 months ago

a post-democratic society

Post-democracy was well advanced in most of Europe and North America well before the digital platforms appeared. As the political scientist Colin Crouch defines it, a post-democratic society is one that retains the institutions of mass democracy, but where these have negligible effects on policymak…

—p.173 by Richard Seymour