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The following excerpts thoroughly document how capitalists really acted during the Second World War. Behind the patriotic propaganda that encouraged the working class to slaughter each other in the interests of competing national interests, international capital quietly kept the commodity circuits flowing and profits growing across all borders.
The rise of cryptocurrencies seems to be disrupting our very definition of money. But this author explains why bitcoin may not be as novel as it seems.
The Made Up World of Money Money might just be “the most powerful metaphor" we have. Matt Cardy/Getty Images Share Money is “a social agreement,” according to Frederick Kaufman, a journalism professor at the City University of New York. You and the cashier both agree that a $20 bill — a green piece of paper that any baby or dog wouldn’t hesitate to tear to shreds — is worth something, and this consensus imbues the bill with value. Eventually, babies get on board, as they’re taught the value humans have long ascribed to different types of currency; a value that’s socially cons...
Dogecoin Shares a Surprising Amount in Common With Ancient Forms of Currency "Since the first prophet charmed an amulet, money has been used to tell the future." Feb 9, 2021 Elon Musk's recent reference to Dogecoin sparked a flurry of speculation. In the ensuing 24-hour period, the cryptocurrency boomed 37 percent. It’s now worth over $10 billion. Should you invest? I don’t have a crystal ball, but for the past decade I have been delving into the history and philosophy of money. So while I can't tell you what will happen next week or next year, I can help contextualize some of ...
Jan 08, 2021 This month, we’ve got Cupid, whales, snakes and lovers, and more. To submit a first line, email booklifeeditor@booklife.com. Elegy to Murder Priscilla Royal “In the fickle light of an ashen moon, Crowner Ralph struggled to glimpse even a hint that the boat he hoped to see was approaching the shore.” Emancipation Michael R. Lane “On a bright dog day beneath Kaufmann’s Roman-numeral clock stands a long-whiskered, head-bowed man in a seedy black wool coat and unfastened galoshes.” First Quiver Beth C. Greenberg “It occurred to Cupid as his fingernails slipped off ...