The DeX Files 05/29/2018: News & Notes On The Great Buyback Boom

Firms investing more in capital than labor is evidence of low demand. Low demand saps productivity, which limits investment in new equipment and workers.

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The Death Of Stuff

Cultural surplus has replaced cultural scarcity. In doing so, it’s also changed the calculus of how we define our inner lives. The shelf space I once devoted to books, magazines, CDs, records, DVDs, and comics is now disk space housing commodified memories. They’re always already at the click of a mouse, reminders that the death of stuff is the death of things we could throw away.

There’s A Policeman In My Head And He Must Be Shelby Steele (On Black Conservatives)

The black conservative agenda is a product. Black conservatives sell it by seeing the world through the eyes of predominantly white consumers and patrons. In that world racism is a bug, not a feature of American modernity.