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.
Blog
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’.