We Have Always Lived in the Casino
John Maynard Keynes warned that when real investment becomes the by-product of speculation, the result is often disaster. But it’s hard to tell where one ends and the other begins.
20205 Article(s) by: Enver Motala
Enver Motala is an associate of the Centre for Education Rights and Transformation (CERT) at the University of Johannesburg and of the Centre for Integrated Post-School Education and Training at the Nelson Mandela University.
The Rise and Fall of the Bob Ross NFT King
How one artist rode the NFT wave to fame — and then crashed with it.
Director Alex Gibney on Dark Money
The documentarian speaks to Jacobin about The Dark Money Game, his new HBO series on the corrosive effects of Citizens United.
Issue 58: Dossier
We have all the vocabulary you need to score big on your Robinhood app.
Blue Devils
More than half of the top 15 crypto-PAC-backed candidates during the 2024 campaign season were Democrats.
Wannabe Gordon Gekkos
Are you missing the point by idolizing them?
Minecraft Scorsese
A Seth Rogen and Evan Goldberg satire of mainstream film’s IP problem — in which everything is an adaptation of something else — fails to excuse or address their own extensive IP crimes.
In Carbon We Trust
In Kim Stanley Robinson’s The Ministry for the Future, a global currency backed by carbon removal turns speculation into salvation.
Five Books on Speculation
As history and literature are quick to remind us, many a get-rich-quick scheme has ended in sorrow.
Fruit of the Union
Union assets have skyrocketed while membership remains largely stagnant.
DJ D-Sol’s Double Life
Goldman Sachs CEO David Solomon knows how to drop a beat. But could he handle a drop in the markets?
Heavy Metals Music
Zamrock emerged from the optimism of postindependence Zambia, fusing psychedelic rock with nationalist ambition. Its rise and fall mirror the promise — and the exhaustion — of a country built on copper.
Money for Nothing
Why the modern financial sector is better at extracting rents than funding the future.
Elon’s Slash-and-Burn Operation
DOGE has cut millions of dollars’ worth of grants in every state.
A Socialism That Invents
Why Nordic countries out-innovate the United States.
Making Plagues Investable
The World Bank’s pandemic bonds tried to turn public health crises into speculative opportunities.
State of the Art
At the height of the NFT craze, the cost of some digital art surpassed that of the great masters’.