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economic crash

3 articles
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Someone Else Entirely

A philandering newspaper reporter documents a small town's economic collapse.

"But, very late at night, other men and women walk the small streets alone, shuffling slowly along the leaf-filled gutters that border the roads, sometimes a constable stopping them as they walk, shining flashlights in their faces, saying little or nothing before nodding and driving away from the distant, fading stare of a man or woman fearing that their life is falling apart.

'This kind of rapid breakdown generally only occurs in times of war, famine or plague,' a Stanford economics professor tells me as I take notes, a group of six strikingly healthy grad students unloading knapsacks, tape recorders and clear plastic clipboards from a Land Rover parked nearby."

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Getting Away with It

How Wall Street thoroughly dominated Obama’s economic policy.

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Interview: Douglas Rushkoff

An interview with the ‘media ecologist’ on corporations, feudalism, the Dark Ages, the birth of currency, debt, how PR was invented, and why—

"...Any man that has a mortgage to pay is not going to be a revolutionary. With that amount to pay back, he’s got a stake in the system. True, he’s on the short end of the stick of the interest economy, but in 30 years he could own his own home."