“Doing this only excuses the messaging that we have been seeing everywhere we
look … that crypto is an ‘investment’, or the future of money, or the
democratized version of finance that will finally give the average person a fair
shake.”
posted 10/5/2022 8:00pm ∞
“Worse, the ‘dog-pushers’ — the lowest-level scammers who initiate conversations
with victims — are often workers from around the region, tricked into indentured
servitude, held captive in dormitories and offices, and beaten by the managers
and bosses.”
posted 9/30/2022 8:00pm ∞
“There are now nine women in the preppers’ group chat, soliciting advice and
swapping tips on how to best package goods for Amazon. … [E]very day Roundup
[Montana] receives 3,000 to 4,000 Amazon-bound packages — about double the
number of people who actually live there.”
Josh Dzieza ,
The Everything Town in the Middle of Nowhere
(The Verge ,
November 14, 2019 )
“Endless money-losing is a variant of counterfeiting, and counterfeiting has
dangerous economic consequences. … Competitors have to copy their fraudulent
competitors. It’s a variant of Gresham’s Law, which says that ‘bad money drives
out good’.”
Matt Stoller ,
WeWork and Counterfeit Capitalism
(September 25, 2019 )
posted 2/23/2020 8:52pm ∞
“Ironically, the Times reports that Crossover’s own employees so resented the
company’s intrusive monitoring of them (as they created and sold intrusive
monitoring tools) that Crossover hemorrhaged employees and struggled to hire
replacements. Eventually, Crossover had to turn off its most intrusive features
so that it could keep the employees needed to make and sell its bossware
product.”
posted 12/17/2022 3:19pm ∞