The odd American idea that giving money to political campaigns is free speech means that the very rich have far more speech, and so in effect far more voting power, than other citizens.
“Surveys showed that an overwhelming majority of Americans felt that the banks should not be rescued, whatever the economic consequences, but that ordinary citizens stuck with bad mortgages should be bailed out. In the United States this is quite extraordinary. Since colonial days, Americans have been the population least sympathetic to debtors. In a way this is odd, since America was settled largely by absconding debtors, but it’s a country where the idea that morality is a matter of paying one’s debts runs deeper than almost any other.”
― Debt: The First 5,000 Years
― Debt: The First 5,000 Years
“as is becoming increasingly clear to those who have attempted these types of minor corrections, willpower, tips, and vague resolutions are not sufficient by themselves to tame the ability of new technologies to invade your cognitive landscape—the addictiveness of their design and the strength of the cultural pressures supporting them are too strong for an ad hoc approach to succeed. In my work on this topic, I’ve become convinced that what you need instead is a full-fledged philosophy of technology use, rooted in your deep values, that provides clear answers to the questions of what tools you should use and how you should use them and, equally important, enables you to confidently ignore everything else.”
― Digital Minimalism: Choosing a Focused Life in a Noisy World
― Digital Minimalism: Choosing a Focused Life in a Noisy World
“What, precisely, does it mean to say that our sense of morality and justice is reduced to the language of a business deal? What does it mean when we reduce moral obligations to debts? What changes when the one turns into the other? And how do we speak about them when our language has been so shaped by the market? On one level the difference between an obligation and a debt is simple and obvious. A debt is the obligation to pay a certain sum of money. As a result, a debt, unlike any other form of obligation, can be precisely quantified. This allows debts to become simple, cold, and impersonal—which, in turn, allows them to be transferable. If one owes a favor, or one’s life, to another human being, it is owed to that person specifically. But if one owes forty thousand dollars at 12-percent interest, it doesn’t really matter who the creditor is; neither does either of the two parties have to think much about what the other party needs, wants, is capable of doing—as they certainly would if what was owed was a favor, or respect, or gratitude. One does not need to calculate the human effects; one need only calculate principal, balances, penalties, and rates of interest. If you end up having to abandon your home and wander in other provinces, if your daughter ends up in a mining camp working as a prostitute, well, that’s unfortunate, but incidental to the creditor. Money is money, and a deal’s a deal. From this perspective, the crucial factor, and a topic that will be explored at length in these pages, is money’s capacity to turn morality into a matter of impersonal arithmetic—and by doing so, to justify things that would otherwise seem outrageous or obscene. The factor of violence, which I have been emphasizing up until now, may appear secondary. The difference between a “debt” and a mere moral obligation is not the presence or absence of men with weapons who can enforce that obligation by seizing the debtor’s possessions or threatening to break his legs. It is simply that a creditor has the means to specify, numerically, exactly how much the debtor owes.”
― Debt: The First 5,000 Years
― Debt: The First 5,000 Years
“Every single cell in the human body replaces itself over a period of seven years. That means there’s not even the smallest part of you now that was part of you seven years ago. Everything is changing. In the early days of my second life I noticed how the shadow of a telegraph pole would inch between the gardens of two houses across the street – from 152 to the garden of 150 – over the course of several hours, from lunchtime into evening. After watching this a few times I did the maths: the shadow movement from one garden to the next meant that both houses, the telegraph pole, the street, all of us, had travelled one thousand, one hundred and sixty miles around the earth with the turning of the planet. We’d also travelled about seventy-six thousand miles through space around the sun in the same period and much much further as part of the wider spiralling of the galaxy. And nobody noticed a thing. There is no stillness, only change. Yesterday’s here is not today’s here. Yesterday’s here is somewhere in Russia, in a wilderness in Canada, a deep blue nowhere out in the middle of the Atlantic Ocean. It’s behind the sun, it’s in deep space, hundreds of thousands, millions of miles left behind. We can never wake up in the same place we went to sleep in. Our place in the universe, the universe itself, it all changes faster and faster by the second. Every one of us standing on this planet, we’re all moving forwards and we’re never ever coming back. The truth is, stillness is an idea, a dream. It’s the thought of friendly, welcoming lights still shining in all the places we’ve been forced to abandon.”
― The Raw Shark Texts
― The Raw Shark Texts
“U.S. foreign debt, though, takes the form of treasury bonds held by institutional investors in countries (Germany, Japan, South Korea, Taiwan, Thailand, the Gulf States) that are in most cases, effectively, U.S. military protectorates, most covered in U.S. bases full of arms and equipment paid for with that very deficit spending. This has changed a little now that China has gotten in on the game (China is a special case, for reasons that will be explained later), but not very much—even China finds that the fact it holds so many U.S. treasury bonds makes it to some degree beholden to U.S. interests, rather than the other way around. So what is the status of all this money continually being funneled into the U.S. treasury? Are these loans? Or is it tribute? In the past, military powers that maintained hundreds of military bases outside their own home territory were ordinarily referred to as “empires,” and empires regularly demanded tribute from subject peoples. The U.S. government, of course, insists that it is not an empire—but one could easily make a case that the only reason it insists on treating these payments as “loans” and not as “tribute” is precisely to deny the reality of what’s going on.”
― Debt: The First 5,000 Years
― Debt: The First 5,000 Years
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