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

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8 years, 11 months ago

mental capitalism

As a consequence of this individualization of behaviours, we use chemistry to compel our children's attention (as well as our own), at all costs, to bend to the--unprecedented, completely artificial and terribly invasive--needs of a Janus-faced capitalism, which simultaneously advocates relentless …

—p.17 The Ecology of Attention Introduction: From Attention Economy to Attention Ecology (1) by Yves Citton
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8 years, 11 months ago
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8 years, 11 months ago

rent is not an imperfection in the market

The problem posed by this use of the word “rent” is very simple: the fact
that capital yields income, which in accordance with the original meaning of
the word we refer to in this book as “annual rent produced by capital,” has
absolutely nothing to do with the problem of imperfect competition or…

—p.423 Capital in the Twenty-First Century Merit and Inheritance in the Long Run (337) by Thomas Piketty
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8 years, 11 months ago

on meritocratic extremism archive/so478

[...] In the United States in recent years, one frequently has heard this type of justification for the stratospheric pay of supermanagers (50– 100 times average income, if not more). Proponents of such high pay argued that without it, only the heirs of large fortunes would be able to achieve true …

—p.417 Merit and Inheritance in the Long Run (337) by Thomas Piketty
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