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“As UC Berkeley economics professor Brad DeLong put it to me:
You get famine if the price of food spikes far beyond that of some people's means. This can be because food is short, objectively. This can be because the rich have bid the resources normally used to produce food away to other uses. You also get famine when the price of food is moderate if the incomes of large groups collapse.... In all of this, the lesson is that a properly functioning market does not seek to advance human happiness but rather to advance human wealth. What speaks in the market is money: purchasing power. If you have no money, you have no voice in the market. The market acts as if it does not know you exist and does not care whether you live or die.
DeLong describes a marketplace that leaves people to die - not out of malice , but out of indifference.”
― Scatter, Adapt, and Remember: How Humans Will Survive a Mass Extinction
You get famine if the price of food spikes far beyond that of some people's means. This can be because food is short, objectively. This can be because the rich have bid the resources normally used to produce food away to other uses. You also get famine when the price of food is moderate if the incomes of large groups collapse.... In all of this, the lesson is that a properly functioning market does not seek to advance human happiness but rather to advance human wealth. What speaks in the market is money: purchasing power. If you have no money, you have no voice in the market. The market acts as if it does not know you exist and does not care whether you live or die.
DeLong describes a marketplace that leaves people to die - not out of malice , but out of indifference.”
― Scatter, Adapt, and Remember: How Humans Will Survive a Mass Extinction
“The only way to learn is to live.”
― The Midnight Library
― The Midnight Library
“A person was like a city. You couldn't let a few less desirable parts put you off the whole. There may be bits you don't like, a few dodgy side streets and suburbs, but the good stuff makes it worthwhile.”
― The Midnight Library
― The Midnight Library
“An art college tip is probably the repository for some of the ugliest objects on earth because they aren't only ugly objects, they're ugly objects that are trying to be art.”
― Grayson Perry: Portrait of the Artist as a Young Girl
― Grayson Perry: Portrait of the Artist as a Young Girl
“I not only feel better about myself because these people are also fucked up (and I guess this gives us a sense of community), but I feel better because look how much these fellow fuckups managed to accomplish!”
― Wishful Drinking
― Wishful Drinking
Wellington Reads
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— last activity Aug 11, 2024 04:19PM
This is a book club for Wellingtonians (or Wellingtonians at heart!), set up by Wellington City Libraries. We'd love to talk about favourite books an ...more
Goodreads Librarians Group
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Goodreads Librarians are volunteers who help ensure the accuracy of information about books and authors in the Goodreads' catalog. The Goodreads Libra ...more
Caleb’s 2025 Year in Books
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