How The World Works in The Atlantic is the best article on economic theory I’ve read in ages. Granted, I don’t exactly go out of my way to read articles on economic theory, but that’s largely because most of them exhibit the blindness cataloged in this article. Certain (mostly American) economic theories have somehow taken on the aura of absolute truth. It is drummed into us that free markets always optimize; what’s best for the individual is best for everyone; protectionism is bad.
Giles Bowkett ponders remix culture, and writes: There’s an interesting and somewhat alarming correlation between culture based on recycling other culture and organized crime. I don’t think there’s any particular mystery about why this is the case. It’s down to the unfortunate fact that corporations have decided to try and make artistic collage and appropriation into a form of illegal art. If you make music via extensive sampling, sooner or later you’re going to get sued, or at least seriously threatened with a lawsuit.