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“Leaving it to the finance experts” is a recipe for decline, because the success of the finance industry bears no inevitable relationship to the long-term health of the economy. Finance can be extractive or uplifting, narrowly short-termist or focused on the infrastructural and investment needs of …

[...] Above all, what are these giant salaries and bonuses really for? What value does society derive from the work that they theoretically compensate?

It is not helpful to have politicians across the political spectrum meekly submitting to this technolibertarianism—assuming that bureaucrats, and by extension themselves, are inherently incapable of influencing technical innovation. We must curb the tendency to reify the tech giants—to assume that …

The importance of credit reputation grows as public assistance shrinks. Austerity promotes loans as a lifeline for an insecure precariat. Students who once earned state scholarships are now earning profits for government or private lenders. In our “market state” and “ownership society,” _private cr…