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More from @doctorow

Mar 2
Today's Twitter threads (a Twitter thread).

Inside: Defi and Shadow Banking 2.0; and more!

Archived at: pluralistic.net/2022/03/02/sha…

#Pluralistic 1/ Image: Derrich (modified): ...
This Friday (Mar 4), I'm giving a keynote called Seize the Means of Computation at Poland's @StowAvangarda convention:

konline.ava.waw.pl/konline 2/
Defi and Shadow Banking 2.0: Leverage, rigidity and bank runs.

3/ Image: Derrich (modified): ...
Read 22 tweets
Mar 2
14 year ago, the world's financial system came to the brink of collapse. Central banks scrambled to react. Businesses shuttered. People lost their homes. Many governments fell. Faith in our institutions shattered. The Occupy movement was launched. So was Bitcoin. 1/ A giant Bitcoin casts an ominous shadow over a traditional,
What brought on the Great Financial Crisis? The "shadow banking system" - a system of unregulated financial activities that are just like their regulated cousins, except that they're, well, *unregulated*. 2/
The GFC was precipitated by "financial innovation": new tricks that allowed traditional financial activities to take place while evading the controls instituted to head off the kinds of systemic collapses that plagued nations for centuries. 3/
Read 52 tweets
Mar 1
Today's Twitter threads (a Twitter thread).

Inside: How "hollowed" hotels are destroying worker rights; and more!

Archived at: pluralistic.net/2022/03/01/rei…

#Pluralistic 1/  Image: SuSanA Secretariat (modified) https://www.flickr.com
This Friday (Mar 4), I'm giving a keynote called Seize the Means of Computation at Poland's @StowAvangarda convention:

konline.ava.waw.pl/konline 2/
How "hollowed" hotels are destroying worker rights: REITs aren't just for money laundering.

3/  Image: SuSanA Secretariat (modified) https://www.flickr.com
Read 21 tweets
Mar 1
The Real Estate Investment Trust is (#REIT) a sixties-era tax shelter designed to allow mom-and-pop investors to buy into income properties. REITs are exempt from corporate tax, but they're also prohibited from managing the buildings they own. 1/ A vintage postcard depictin...
If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2022/03/01/rei… 2/
Banning REITs from management roles was supposed to scare off rich people looking for a tax break and keep REITs firmly in the realm of the "little guy." 3/
Read 35 tweets
Feb 28
Yogurt, what is this place? What is it that you do here? Merchandising!

SPACEBALLS (1987)
dir. Mel Brooks
atomic-chronoscaph.tumblr.com/post/677463595…
Yogurt, what is this place? What is it that you do here? Merchandising!

SPACEBALLS (1987)
dir. Mel Brooks
atomic-chronoscaph.tumblr.com/post/677463595…
Yogurt, what is this place? What is it that you do here? Merchandising!

SPACEBALLS (1987)
dir. Mel Brooks
atomic-chronoscaph.tumblr.com/post/677463595…
Read 8 tweets
Feb 28
Today's Twitter threads (a Twitter thread).

Inside: Podcasting "We Should Not Endure a King"; and more!

Archived at: pluralistic.net/2022/02/28/rol…

#Pluralistic 1/ Cartoon depiction of John D...
Podcasting "We Should Not Endure a King": Antitrust is a leftist cause.

2/  Cartoon depiction of John ...
#20yrsago Bloxsom, a lightweight blogging tool in 20 lines of perl web.archive.org/web/2002030602…

#20yrsago Slashdot offers paid subscriptions

#20yrsago Bruce Sterling explains why SXSW is still relevant austinchronicle.com/screens/2002-0… 3/ Image
Read 18 tweets

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