Fixing America
We rarely do link-throughs, but I came across an interesting conversation yesterday. It began with Don Peck’s Atlantic essay on “How a New Jobless Era Will Transform America,” and then quickly moved on to our friend Ian Welsh’s thought-provoking reply. A snippet:
Because any economic growth right now increases the prices of oil, which then strangles the economy, you must reduce dependence on oil, or you can’t fix your problems.
Because banks aren’t lending, and because they are a net drag on the economy having destroyed more wealth than they created, you must break up the major banks or take other similar actions to the same ends, or you don’t fix your problems. Read more
A couple of weeks ago author and NYU media theory lecturer 
Almost 50 days into his administration President Obama made his way around to what strikes me as 
When readership began dropping among younger demographics, they didn’t innovate. When new media technologies began emerging in the early ’90s, they didn’t innovate. When Craigslist began eating their lunch and fucking their trophy wives on the dinner table, they didn’t innovate – not unless “hey, if we fired all the employees, we’d theoretically be infinitely profitable” counts as innovation.
lullaby pit 