The function of a book is to provide a reading experience.
Douglas RushkoffStichwörter: reading books book
Computers don't kill books; people do.
Douglas RushkoffBooks have souls. Or so romantics like me tend to think.
Douglas RushkoffStichwörter: books
The plague did not lead to Europe’s economic collapse. Rather, Europe’s currency-driven economic collapse led to the plague.
Douglas RushkoffStep by step, place became property, property became a mortgage, and
mortgages became derivative investments.
Stichwörter: mortgage
Home ownership,and the vast consumption of materials and energy it requires, forces some pretty exploitative foreign policy manoeuvres. This makes people in those resource-rich places as mad as natives were at the practices of the colonial empires exploiting them two hundred years ago.
Douglas RushkoffMortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.
Douglas RushkoffStichwörter: mortgage
And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these “mortgage-backed securities.
Douglas RushkoffStichwörter: mortgage-backed-securities
Wal-Mart’s relationship to place has become so abstracted that the company views even its own stores through the conquistador’s eyeglass. Like temporary forts built solely for purposes of territorial conquest, any one of them can be abandoned at any time.
Douglas RushkoffStichwörter: wal-mart
Engaged in a new form of serfdom---only bound now to banks and mortgage lenders instead of to lords---her more highly leveraged neighbors pore over the business section of the newspaper each day looking for some sign that the government will soon step in to “freeze” their mortgage rates where they are before a scheduled adjustment hits.
Douglas RushkoffStichwörter: mortgage
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