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“What happens next is unpredictable at one level and entirely predictable at another. Regardless of what humans decide to do, the twenty-first century will be a time of "abrupt and irreversible" changes in the web of life. Earth system scientists have a rather dry term for such a fundamental turning point in the life of a biospheric system: state shift. Unfortunately, the ecology from which this geological change has emerged has also produced humans who are ill equipped to receive news of this state shift. Nietsche's madman announcing the death of god was met in a similar fashion....The twenty-first century has an analogue: it's easier for most people to imagine the end of the planet than to imagine the end of capitalism.”
― A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet
― A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet
“The frontier works only through connection, fixing its failures by siphoning life from elsewhere. A frontier is a site where crises encourage new strategies for profit. Frontiers are frontiers because they are the encounter zones between capital and all kinds of nature - humans included. They are always then, about reducing the costs of doing business. Capitalism not only has frontiers; it exists only through frontiers, expanding from one place to the next, transforming socioecological relations, producing more and more kinds of goods and services that circulate through an expanding series of exchanges. But more important, frontiers are sites where power is exercised - and not just economic power. Through frontiers, states and empires use violence, culture, and knowledge to mobilize nature's low cost. It's this cheapening that makes possible capitalism's expansive markets.”
― A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet
― A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet
“In articulating their theory of growth machines, Logan and Molotch contrast the exchange value of land (its economic worth) with its use value (value as living space) to illustrate the conflicting interests of developer-led growth coalitions focused on exchange value and the interests of city residents on use value. In North America, according to the two authors, exchange regularly trumps use. This fact underlies the development of a growth machine. Growth machines develop in the following manner: place entrepreneurs see the potential for profit from the development and intensification of their property holdings, namely, through the increase in rent. These "rentiers" develop a close relationship with other local business interests. In particular, businesses that rely on the growth of a city to increase their profitability, such as newspapers, are likely to support the interests of developers. Developers and their allies, through constant interaction with government, through ample campaign contributions, and through their ability to organize and mobilize, can co-opt local politicians, effectively coercing their involvement in the growth coalition. They supply politicians with the funds necessary to run effective election campaigns. Politicians, in turn, along with local media and other members of the growth coalition, help to perpetuate a link between civic pride and a city's economic and physical growth. This link undermines interest in the use value of land (specifically the use and maintenance of existing areas) as the city focuses increasingly on growth. Molotch argues in a later article that this coalition of growth interests reflected the most common political coalition in American cities, while acknowledging its limited applicability elsewhere. He argues that Americans' acceptance of developers' actions " as the baseline of urban process, rather than as disruptions," is evidence that Americans take developers' "presence for granted"....Numerous authors, in adopting growth machine theory, also added anti-growth citizen coalitions to the mix. Current analyses adopting the theory now invariably include the neighborhood-association-led anti-growth coalition as the foil of the developer-led growth coalition.”
― Planning Politics in Toronto: The Ontario Municipal Board and Urban Development
― Planning Politics in Toronto: The Ontario Municipal Board and Urban Development
“Perhaps because the bank was identified with the endeavors of the newly freed negro, wrote historians Kindsor and Sagarin, anyone who dared to raise a cry against the mismanagement was charged with being anti-negro. In as much as the enemies of the negro were not interested in the bank, and the friends were effectively silenced with the anti-negro charge, there was no exposure of the condition of the bank. The belief that the failures of black institutions could not be accurately studied because of the sensitivity of the race issue, whether accurate or not, would be a recurring theme through history.”
― The Color of Money: Black Banks and the Racial Wealth Gap
― The Color of Money: Black Banks and the Racial Wealth Gap
“Only a social policy founded on respect for the dignity of the individual can help make the average citizen more open to ideas of toleration.”
― Good Economics for Hard Times: Better Answers to Our Biggest Problems
― Good Economics for Hard Times: Better Answers to Our Biggest Problems
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