“Slavery is often portrayed by revisionist historians as somehow antithetical to market capitalism; in reality, slavery was a winning portfolio investment, the very incarnation of just how evil “free-market” capitalism can be. As the authors write:
“If slaves … were an investment included in the asset portfolio of the planter/entrepreneur, they helped satisfy the owner’s demand for wealth. But unlike most other forms of capital, which depreciate with time, the stock of slaves appreciated. Thus, the growth of the slave population continuously increased the stock of wealth.”
What makes this graph so disturbing for us in 2012 is what it suggests about today’s “1 percent” — and how they view the rest of us. It gives form to the brutal crackdown on the Occupy protests — and suggests darker things to come as we try to free ourselves from their vision of civilization, and our place in it.”
“Upon the close of the May 1 comment period, it is our intention to begin posting these 73 standards in HTML and begin the process of providing a unified, easy-to-use interface to all public safety standards in the Code of Federal Regulations. It is also our intention to continue this effort to include all standards specifically incorporated by reference in the 50 states. That the law must be available to citizens is a cardinal principle of law in countries such as India and the United Kingdom, and we will expand our efforts to include those jurisdictions as well.”
It is time to suppress this sort of research. If we’re not careful, people will start looking at contemporary dynamics. Please have your Posterity Docent initiate Elephant Protocol Mu now.
Also: I want the little bead-flow animations.
“The tension arises from the fact that it is often more profitable to rip a customer’s face off in the short term than to defer potentially larger profit opportunities with the same client in the long term. When bankers whose personal franchises, careers, and compensation depends on the former are evenly balanced with bankers whose interests are aligned with the latter, an investment bank perches profitably if precariously on the knife’s edge of sustainable profitability. Notwithstanding industry critics’ perception that all investment bankers are all looking for a quick and easy score, those of us who actually work in the relationship side of the business know that our best personal outcome depends on a sustained career success lasting over a decade or more. Unlike, perhaps, traders who transact daily with equally ruthless hedge fund counterparties on a no-regrets, no-grudges basis, bankers like me in corporate finance and M&A transact with the same limited universe of clients year-in and year-out. We simply cannot afford to screw them over, because they do hold a grudge.”
‘Even if you have the most up-to-date edition of the very latest textbook, I think it’s recognize that the textbook — as an object, as instructional practice — is still a relic. It is a relic of a time when information was scarce. It’s a relic of the way in which we manufactured and scaled the industrial model of education — a teacher at the front of the classroom, assigning the lessons and readings from an authoritative text. One that was bound by print. One that was distributed state and even nation-wide. One that was uniform. Somewhere along the way, “textbook” became “curriculum” — and under today’s testing regime, that all became wrapped up in “assessment.“‘