Supply-chain shocks created by the pandemic, which was especially hard on “efficient” industries, where financialization and monopolization drained vital industries of their cash and inventory reserves and turned them over to the richest people in America;
Generations of Americans have dreamed of owning a home, both to insulate themselves from the whims of their landlords and to create intergenerational wealth. Home ownership was a key driver of social mobility, allowing working class people to enter the middle class. A horrible “natural experiment” shows just how important property acquisition is to economic stability: redlining and restrictive covenants froze Black people out of the home-purchasing boom of the New Deal and the GI Bill, exacerbating and accelerating the racial wealth gap.
Peak indifference, big tobacco, disinformation and death
I smoked from the age of 13 to the age of 33. I loved smoking. I loved having something to do with my hands. I loved making friends by cadging — or sharing — cigarettes. I loved learning Zippo tricks, finding beautiful old cigarette cases at flea markets, learning to roll a cigarette, then learning how to do it one-handed. I loved the excuse to take breaks from my work.
But I hated smoking. I knew it would kill me. I watched it kill people I loved. They died hard. Gradually, the quixotic pride I felt in the lengths we smokers went to in order to engage in our increasingly disfavored habit turned to horror.