Washington, DC as a corrupt inferno of reality distortion (WARNING: Reading this may make you profoundly ill): “The resulting offspring of this confluence of industry, politics, and pop-culture has produced a wide range of hybrid permutations of all three partners: the celebrity operative (Carville-Matalin, Stephanopoulos), the cable news partisanship industry (Fox, MSNBC), the Hollywood revisionist/fictional…
Tag: Wall Street
Financial dystopia: “The giant Wall Street firms have taken on lives of their own”
In a review of Why I Left Goldman Sachs: A Wall Street Story, the new (October 2012) book by Greg Smith — who also wrote last year’s bombshell piece “Why I Am Leaving Goldman Sachs” for The New York Times — Michael Lewis makes the following cogent, riveting, and frightening observation about the current world…
Recommended Reading 20
This week’s recommendations cover the history of Wall Street’s addiction to inhumanly fast and economically abstracted trading practices; the history of “dark money” in American politics, culminating in the current game-changing dominance of hidden funding; the rise of real-life “cyborgs” via the burgeoning body-hacking movement; a couple of considerations of what it means for human…
The Frankenstein Economy, part 2: It’s alive!
It’s everywhere now. The Frankenstein metaphor is being used far and wide and fast and furiously to describe the monster of a financial/economic crisis that has taken on a life of its own and is rampaging through the little Bavarian village called America (or perhaps, more accurately, Planet Earth). Two days ago I uploaded a…
The Frankenstein Economy: Monster metaphor of the moment
[Note added 09/24/08: There is now a sequel post to this one, offering several more examples of the Frankensteinian “monster amok” theme as it’s being used in contemporary economic discourse.] Has anybody else noticed the increasing prevalence of monster metaphors, especially Frankenstein-themed ones, in mainstream public discourse about the mounting economic and financial disaster? I’m…