The concentration of economic power separate from ownership has, in fact, created economic empires, and has delivered these empires into the hands of a new form of absolutism, relegating "owners" to the position of those who supply the
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“Each looked at the process [of drafting an agreement] as drawing a series of concentric circles to circumscribe the risks, with the issues in the inner rings being the most likely risks. They tried to draw as many circles as reasonably necessary, without burdening the deal with too much complexity. Frank's structures were often elliptical, covering issues in the outer rings while sometimes leaving others reasonably near the center uncovered. Marshall's deals were more symmetrical and less complex, unlikely to cover remote or novel risks not in the center (although possibly a problem in time), since he proceeded from precedent.”
― Tombstones: A Lawyer's Tales from the Takeover Decades
― Tombstones: A Lawyer's Tales from the Takeover Decades
“If she went, what was he going to do with all these loving facts, these torturing details? If she wasn't with him, how would he bear all this knowledge of her alone? The force of these considerations drove the words out of them, they came as easily as breath. "I love you," he said.”
― The Innocent
― The Innocent
“This is how the entire course of life can be changed – by doing nothing. On Chesil beach he could have called out to Florence, he could have gone after her. He did not know, or would not have cared to know, that as she ran away from him, certain in her distress that she was about to lose him, she had never loved him more, or more hopelessly, and that the sound of his voice would have been a deliverance, and she would have turned back. Instead, he stood in cold and righteous silence in the summer’s dusk, watching her hurry along the shore, the sound of her difficult progress lost to the breaking of small waves, until she was blurred, receding against the immense straight road of shingle gleaming in the pallid light.”
― On Chesil Beach
― On Chesil Beach
“Right now each of us is a private oral culture. We rewrite our pasts to suit our needs and support the story we tell about ourselves. With our memories we are all guilty of a Whig interpretation of our personal histories, seeing our former selves as steps toward our glorious present selves.”
― The Best of Subterranean
― The Best of Subterranean
“Ammu wondered at the transparency of that kiss. It was a clear-as-glass kiss. Unclouded by passion or desire . . . . It was a kiss that demanded no kiss-back. Not a cloudy kiss full of questions that wanted answers.”
― The God of Small Things
― The God of Small Things
Eric’s 2025 Year in Books
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