Woke Capitalism is a growing and troubling dimension of contemporary economic and political life, especially among the mammoth multinational corporations that dominate so many aspects of our lives.” Such laments have become omnipresent in conservative circles. It has become hard to keep up with the Outrage of the Day. Woke Corporations have adopted the norms of the Left’s pet programs, both in advertising and public declarations, as well as in adopting ESG (Environmental, Social, and Governance) … [Read more...] about Get Woke, Go Broke?
Modern Society
Pseudo-Intellectuals and Their Opponents
Yet Trissotin, I must admit,So irks me that there’s no controlling it.I can’t to gain his advocacy stoopTo praise the works of such a nincompoop.It was those works which introduced me to him;Before I ever saw the man, I knew him;From the vile way he wrote, I saw with easeWhat, in the flesh, must be his qualities:The absolute presumption, the completeAnd dauntless nature of his self-conceit,The calm assurance of his superior worthWhich renders him the smuggest man on earth,So that he stands in … [Read more...] about Pseudo-Intellectuals and Their Opponents
The Canary in the Fed’s Coal Mine
Timing is everything. Imagine publishing a book two weeks before a major crisis that is perfectly explained in its pages. Jeanna Smialek just did that. If you want to understand the financial crisis slowly unfolding right now, you can do no better than to read Limitless: The Federal Reserve Takes on a New Age of Crisis. If you took an economics course back when you were an undergraduate, you may think that you know what the Federal Reserve does. Your monetary policy education, however, is … [Read more...] about The Canary in the Fed’s Coal Mine
The Cult of Heinlein
“Philosophically, just one line of ink can make a different universe as surely as having the continent of Europe missing. Is the old ‘branching time streams’ and ‘multiple universes’ notion correct? Did I bounce into a different universe, different because I had monkeyed with the setup?”The Door Into Summer by Robert Heinlein raises that question. It does not even attempt to answer that question. Therein lies a tale. Let’s begin on a positive note! If you are looking for a … [Read more...] about The Cult of Heinlein
Do The Eloi And Morlocks Trade?
“I grieved to think how brief the dream of human intellect had been. It had committed suicide.” That is the traveler in H.G. Wells’ The Time Machine. Leaping forward in time, the traveler discovers a world in which the pastoral Eloi are living lives of rustic comfort, eating the fruit of the land with nary a bit of toil or sweat. Meanwhile, the terrifying Morlock, using vast machines to provide air to their subterranean lair, venture forth under the cover of darkness to feast on the … [Read more...] about Do The Eloi And Morlocks Trade?
A Brave New Financial World
How can the Federal Reserve help you today? A few years ago, such a question would have been rather odd. The Federal Reserve was created a little over a century ago as an independent government agency with a rather small mandate: manage the money supply. It was an important, but limited, role. In normal times, the Fed existed to ensure the money supply grew at a reasonable rate. In times of crisis, the Fed would become the Lender of Last Resort, lending funds to solvent banks to get them through … [Read more...] about A Brave New Financial World