Money and Power

Feel Something Again

Feel Something Again

On Superbowl LIII

When it looked like the aging Brady might make good on the automaker’s threat, Artemis smiled, picked up her bow, and sent Brandon Graham to restore order to the universe. After the fumble, Brady still got the ball back once more, now down by eight with a little over a minute left and no time outs, but it was too much, even for him, and Pats fans watching knew it. Still I will always cherish the absolute reticence of the Eagles fans to declare it over when it was. The shot of Philly waiting in disbelief to start celebrating that they had, in fact, beaten Tom Brady and won the Super Bowl will go down in my mind as one of the highest compliments ever paid to a competitor. When Brady was on the field, it wasn’t over until it was over and sometimes not even then.

Allegations and Counter-Allegations

Allegations and Counter-Allegations

The propagation of allegations is now taking place under the pretense of official congressional business, and without apology.

Hurricane Nunes is the latest weather system to fill the radar screen. It takes its name from Congressman Devin Nunes, a Republican from California and chair of the House Intelligence Committee. Over the first year of the Trump administration, Nunes has repeatedly made himself a useful arms-length proxy for the White House. Last March he cast some young White House national security staffers who complained about the “unmasking” of former National Security Adviser Michael Flynn as being in the mold of Edward Snowden. His other services to the Republican Party include leading the fruitless two-year Benghazi investigation and repeatedly characterizing proponents of environmental regulation and universal health care as communists. In a Monday morning tweet, Trump called him “a man of tremendous courage and grit . . . a Great American hero.”

Unsatisfactory Closure

Unsatisfactory Closure

After Jacob Zuma

Cyril Ramaphosa’s triumph makes for unsatisfactory closure, given his long silence as Zuma’s deputy, and the holdovers elected along with him to run the ruling party, not to say the dual centers of power in the party and the presidency which will likely persist until the 2019 general election. Ramaphosa lacks (or seems to lack) the psychological strangeness of his predecessors, Zuma and before him Thabo Mbeki, who were often in the grip of destructive and self-destructive political passions. He nevertheless embodies the contradictions of the society, being at once the most successful trade unionist on the continent and, as a mining executive, the face most associated with the police killing of mineworkers at Marikana on August 16, 2012.

You're the Real Job Creator

You're the Real Job Creator

An interview with Stephanie Kelton

It is absolutely true that states, municipalities, and local governments depend on tax revenue in order to fund themselves. It is absolutely untrue that the federal government of the United States depends on tax revenue to fund itself. The United States government is the issuer of our currency—the US dollar. It has to spend dollars before the rest of us can get any. Households, local governments, private businesses, state governments—they are all users of the dollar. They have to get dollars in order to spend them. That’s the big difference.

Pirates and Traders

Pirates and Traders

A sack of oat flour was mysteriously displayed on the front desk.

The traffic in Lagos is famously bad. The local driving culture dictates tailgating, honking, flashing of brights, left turns into oncoming traffic, passing on the right, and shouting (but no cursing or lewd gestures—not in such a religious country). It isn’t rare to see a car casually reversing down an on-ramp, a motorcycle scattering pedestrians on a sidewalk, or a truck inching over a highway median to make an improbable u-turn.

Not Every Kid-Bond Matures

Not Every Kid-Bond Matures

Millennial habits so often mocked and belittled in the press are the survival strategies of a demographic “born into captivity.”

The summation Kids These Days gives us is harrowing: here is a generation hurrying to give in to the unremitting, unforgiving commodification of the self. Malcolm Harris predicts a future of debt servitude, confinement for the “malfunctioning,” worsening misogyny (though his gender analysis is less coherent than the rest of his argument), and total surveillance. Millennials, that is, are the first generation to live in the dystopia to come.

Desperately Seeking Cities

Desperately Seeking Cities

Amazon has bankrupted the ideology it claimed to appeal to: the ideology of “urbanism.”

Most city dwellers, it turns out, live lives of quiet desperation for Amazon. What was happening to Philadelphia disclosed the emptiness not just of this city, but of what people all over the country had learned to think cities were good for.

The Recovery

The Recovery

Disaster capitalism in Mexico City

The collectives transmitting on the radio out of Café Zapata have made it their goal to speak through the misinformation, malpractice and cover-ups that have proliferated in the chaos after the earthquake. They call themselves the Brigadas Autónomas. “Let’s say it clearly,” they wrote in a press release on September 26, “solutions will not come from the State and from capital; on the contrary, they are responsible for a natural phenomenon turning into a tragedy.” In a way, there can be something equitable, at least initially, about a natural disaster: rubble falls on rich and poor alike. This time, as in 1985, buildings in the wealthy Roma and Condesa neighborhoods suffered some of the greatest damage in the city. But reconstruction comes at a price, and after the earth stops shaking, the vulnerable find themselves even more so.

Austerity Natural Disaster

Austerity Natural Disaster

Why we should push for debt forgiveness for Puerto Rico

Over the last twenty years, international stakeholders have come together in an impressive show of political consensus to provide debt forgiveness to poverty stricken countries through the introduction of programs like the Multilateral Debt Relief Initiative and the Heavily Indebted Poor Countries Initiative. Eligible countries, often affected by war, famine, or natural disasters, have been able to get complete write-offs of their external debt, as well as access to development loans at sustainable rates of interest. Most crucially, these countries have seen their gross domestic product rise after decisive debt relief. Puerto Ricans should get a similar deal.

Commercial Surveillance State

Commercial Surveillance State

Blame the marketers

The tactics of carefully targeted, data-driven manipulation—though innovative and destabilizing—are not entirely new. They predate the existence of Cambridge Analytica, and Facebook, and the contemporary notion of “fake news” itself. For decades, digital marketers—working in both commercial and political domains—have been perfecting models for using consumer data to identify and manipulate decision-making vulnerabilities.