Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

[...] In his objection to people who oppose casinos, Trump says there’s only one difference between gambling and investing: “the players” in the New York Stock Exchange “dress in blue pinstripe suits and carry leather briefcases.” Bets are a way to make money; casinos are just another market. Such statements, which collapse profit into profiteering, used to be taboo among the ruling classes. “No man of spirit will consent to remain poor if he believes his betters to have gained their goods by lucky gambling,” Keynes warned. “The business man is only tolerable so long as his gains can be held to bear some relations to what, roughly and in some sense, his activities have contributed to Society.” Any suggestion to the contrary would “strike a blow at capitalism,” destroying “the psychological equilibrium which permits the perpetuance of unequal rewards.” Trump’s genius is to recognize the truth of Keynes’s dictum yet ignore its dictates, knowing full well there is no revolution in the offing. The more likely consequence is that people will want to know Trump’s secrets. Or elect him President.

—p.38 Triumph of the Shill (31) missing author 5 years, 4 months ago