The Road From Enron To The Financial Crisis

I re-read “Is Enron Overpriced” every now and then because McLean is a very fine writer with a clear, effortless voice and a flare for weaving facts into a compelling narrative. And because ours is a world in which many emperors wear no clothes but can convince us they’re robed in the finest silks. Also because there will always another Enron out there, lurking just beyond our unexamined assumptions and our greed.

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Culture War Is A Force That Gives Us Meaning

How culture war works is obvious. It weaponizes beliefs. It’s about not thinking too much. It’s about staking claims on complex issues as if our own lived and immediate experiences were enough. Culture war doesn’t have or need a reading list. It can’t be complex. The simpler the better. Thus we’re all culture warriors because we’re all pissed off about something, and being pissed off now is its own kind of deep, unshakable truth.

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There’s No Such Thing As The Real Economy

“Producing goods and services is only possible because of the nexus of transactions, networks and ideologies that we think of as global capitalism. Ideology conditions us to believe that the real economy makes the virtual economy possible. However, the reverse—that our sense of a “real” economy is only possible because there’s a “virtual” economy that circulates capital through it—has been true at least since the advent of digital transactions and probably since the transition from the Bretton Woods version of the gold standard.”

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