Pluralistic: 16 Oct 2022 RIP, Roger Wood, genius assemblage sculptor


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Pluralistic: 15 Oct 2022 How lawyers became sadists


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Pluralistic: 14 Oct 2022 Medieval Times invents a modern union-busting tactic; Billionaire dilletantes vs good Democrats


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Pluralistic: 13 Oct 2022 US health insurers get more and more federal funding, deliver less and less care


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Pluralistic: 11 Oct 2022 Trusting (machine learning) trust; The housing market turns (more) toxic


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Pluralistic: 10 Oct 2022 Antitrust is – and always has been – about fairness


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Pluralistic: 09 Oct 2022 $100 billion later, autonomous vehicles are still a car-wreck


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Bankruptcy protects fake people, brutalizes real ones

Debts that can’t be paid, won’t be paid.

Victor Bezrukov, CC BY 2.0 (modified) and Vitalik Radko/Deposit Photos, free license (modified)

Debts that can’t be paid, won’t be paid.” There, in eight simple words, we have Michael Hudson’s key insight into the role debt and debt cancellation plays in the rise and fall of human civilizations.

Debts are inescapable.

In order to provide a society with its necessities — food, shelter, energy — producers need the inputs (seed, fertilizer, materials, tools) before they have the means to buy them.

In order to produce, producers must borrow.

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Pluralistic: 07 Oct 2022 "Don't spy on a privacy lab," and other career advice for university provosts


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