- Jan 2024
-
docdrop.org docdrop.org
-
since then, American families have lost more than $7 trillion in equity in their homes. There's been a lot of foreclosures, but guess who's buying up those foreclosed homes? 00:12:49 It's big capital. They're stepping in and now they're financializing houses.
-
for: speculative investing - housing, speculative investing - antidote - example - Cincinnati
-
description
- speculative institutional investors have bought up trillions of dollars of foreclosure homes and increase profits for their shareholders by:
- neglecting maintenance
- raising rents
- pursuing aggressive evictions
- speculative institutional investors have bought up trillions of dollars of foreclosure homes and increase profits for their shareholders by:
-
speculative investing - antidote - example
- In Cincinnati, the Port of Cincinnati bought back 200 homes from private equity firms and did the opposite
- stabilize rents
- perform required maintenance
- training renters to become home owners
- In Cincinnati, the Port of Cincinnati bought back 200 homes from private equity firms and did the opposite
-
-
One economist we talked about, talked to us about this and said, we don't really make that distinction in our society, and we need to start making it.
- for: productive vs speculative / extractive investing
-
I have a financial advisor who came to me with an investment opportunity, not that I'm some big mucky muck, but I have a little bit of investments and it was investing in wind. And I read through the materials and I was, and I went to my advisor and I said, so am I actually investing in the productive growth and development of wind farms?
-
for: example - financial investor ignorance
-
speculative investing - example
- Marjorie tells the story of her financial investor who was clueless about whether this investment she was advocating for was derivatives that invest nothing in production and development of wind technology, or not.
-
-
when we're investing in the stock market, we're mostly just hoping that the value of those shares will rise. That money is not actually reaching companies and being used in productive ways. And that's true. We can see it with private equity too.
-
for: speculative investing - example
-
example - speculative investing
- stock market
- money is not reaching companies and being used in a productive way
- part of it must be, but whenever shareholders take earnings, then it's extracted out
- private equity
- when private equity firms buy companies then layoff staff and cut back spending on services, they pocket all that money for the shareholders. It's a way for the rich to maintain their supremacy position
- stock market
-
comment
- In its simplest expression, it is greed in action
- It is what maintains the 1% / 99% divide
-
epiphany
- new meme
- We need to replace WALL street with WELL street!
-
-
we're not in the economy of the 1950s anymore. And we act as though we are, that finance is this productive force and it's building, it's building wealth. Well, for the most part, it's not. It's, there's so much financialization, so many financial assets, that they've become an extractive force. And a big piece of this 00:06:37 is that we're not really distinguishing between productive investments and speculative investments
-
for: quote - Marjorie Kelly, quote - finacialization, progress trap - financialization, progress trap - capitalism, speculative investing
-
quote: Marjorie Kelly
- we're not in the economy of the 1950s anymore.
- And we act as though we are, that finance is this productive force and it's building, it's building wealth.
- Well, for the most part, it's not.
- There's so much financialization, so many financial assets, that they've become an extractive force.
- And a big piece of this is that we're not really distinguishing between
- productive investments and
- speculative investments
- And a big piece of this is that we're not really distinguishing between
-
Tags
- progress trap - financialization
- speculative investing - example - housing
- personal story - speculative investing
- speculative investing -greed
- 1% vs 99%
- quote - Marjorie Kelly
- productive investment
- extractive investing - example - housing - Cincinnati
- epiphany - WELL Street
- speculative investment
- progress trap - capitalism
- speculative investing
- quote - financialization
- progress trap - speculative investing
- productive vs speculative / extractive investing
- speculative investing - example
Annotators
URL
-
- Dec 2021
-
-
political self-consciousness sort of 00:55:29 receding as one goes further back in time there was a book published in 1946 by the Dutch archaeologist Henry Frank Ford's called befall philosophy which 00:55:42 was about the the ancient Middle East Mesopotamia and Egypt and all that sort of thing but he wasn't actually arguing that these people didn't have the capacity for philosophy he was simply 00:55:55 pointing out that they didn't have an explicit written tradition of speculative thought like that of the ancient Greeks so that when they did speculate they did it in other ways 00:56:07 through images through discourse on the nonhuman world etc etc to find the idea that there have actually ever been individuals who didn't possess any capacity for philosophical reflection
Henri Frankfort in The Intellectual Adventure of Ancient Man (1946) (later retitled Before Philosophy) argued that non-literate people had philosophy and speculative thought, they just didn't have a written method of expressing it.
Open questions: How might they have expressed it other than orally? How might one tease these ideas out of the archaeological record? Does Frankfort provide evidence?
-
- Oct 2021
-
bauhouse.ca bauhouse.ca
-
An organization of designers collectively advocating for the ethical practice of design and for the bargaining power of employees, freelancers, and educators against the commoditization of design by corporate and capitalist value extraction that is actively undermining the flourishing of humans for the sake of monopolizing social communication through advertising and marketing and the accumulation of profits for the benefit of a select few at the top of the corporate hierarchies.
I am curious to read The Ministry for the Future by Kim Stanley Robinson as recommended by Raphaelle Moatti in the Design Science Studio coheART2.
-
-
www.amazon.com www.amazon.com
-
The Ministry for the Future
"If I could get policymakers, and citizens, everywhere to read just one book this year, it would be Kim Stanley Robinson’s The Ministry for the Future."
— Ezra Klein
-
-
www.vox.com www.vox.com
-
If I could get policymakers, and citizens, everywhere to read just one book this year, it would be Kim Stanley Robinson’s The Ministry for the Future.
Quoted on the Amazon product page for the book, The Ministry for the Future by Kim Stanley Robinson.
The book was recommended by Raphaelle Moatti in the Design Science Studio coheART2.
-
-
www.hachettebookgroup.com www.hachettebookgroup.com
-
The Ministry for the Future
Recommended by Raphaelle Moatti in the Design Science Studio coheART2.
-
-
www.hylo.com www.hylo.comHylo1
-
Ministry for the Future
The Amazon product page for the book, Ministry for the Future, quotes Ezra Klein.
If I could get policymakers, and citizens, everywhere to read just one book this year, it would be Kim Stanley Robinson’s The Ministry for the Future.
-
- Jul 2021
-
iep.utm.edu iep.utm.edu
-
These observations were made with the naked eye and with the help of some simple instruments as the gnomon. The Babylonians, in particular, were rather advanced observers. Archeologists have found an abundance of cuneiform texts on astronomical observations. In contrast, there exists only one report of an observation made by Anaximander, which concerns the date on which the Pleiades set in the morning. This is no coincidence, for Anaximander’s merits do not lie in the field of observational astronomy, unlike the Babylonians and the Egyptians, but in that of speculative astronomy. We may discern three of his astronomical speculations: (1) that the celestial bodies make full circles and pass also beneath the earth, (2) that the earth floats free and unsupported in space, and (3) that the celestial bodies lie behind one another. Notwithstanding their rather primitive outlook, these three propositions, which make up the core of Anaximander’s astronomy, meant a tremendous jump forward and constitute the origin of our Western concept of the universe.
Anaximander practiced speculative astronomy instead of just observational astronomy and in so doing, he dramatically changed the cosmological outlook of Western culture.
-
- Jun 2021
-
www.loc.gov www.loc.gov
-
<small><cite class='h-cite via'>ᔥ <span class='p-author h-card'>I Annotate 2021</span> in I Annotate 2021 | Program (<time class='dt-published'>06/19/2021 16:10:21</time>)</cite></small>
Bookmarked on 2021-06-20 at 7:19 PM
-
- Feb 2021
-
www.medrxiv.org www.medrxiv.org
-
Chen, Y.-H., Glymour, M., Riley, A., Balmes, J., Duchowny, K., Harrison, R., Matthay, E., & Bibbins-Domingo, K. (2021). Excess mortality associated with the COVID-19 pandemic among Californians 18–65 years of age, by occupational sector and occupation: March through October 2020. MedRxiv, 2021.01.21.21250266. https://doi.org/10.1101/2021.01.21.21250266
-
- Oct 2018
-
www.theatlantic.com www.theatlantic.com
-
speculative
-
-
howwegettonext.com howwegettonext.com
-
speculative writing
-
- Jul 2018
-
wendynorris.com wendynorris.com
-
(Dunne, 1999). The call has influenced movements such as Critical Design (Dunne and Raby, 2001), Design Fictions (Bleecker, 2009) and Design for Debate (Dunne and Raby, 200
Unclear as to how these movements differ:
Critical Design Design Fiction Design for Debate
-
Design has also taken a critical approach to time in its attempt to anticipate the impacts of present actions in the future, particularly those concerning the introduction of new technologies. This attitude may be generally identified in particular design projects but is most evident in speculative design movements such as Design Fictions, Critical Design and Design for Debate.Since design is often focused on yet-to-exist interventions in a given context, it is often said to be invariably future-oriented (e.g. in Dunne & Rab
Look up Dunne & Raby's 2013 paper. This could be helpful to frame/cite in the virtual participatory design study.
-
- Aug 2016
-
www.tandfonline.com.proxy.lib.sfu.ca www.tandfonline.com.proxy.lib.sfu.ca
-
A review of Duanne & Raby's Speculative Everything: Design, Fiction, and Social Dreaming, by Cameron Tonkinwise.
-
- Mar 2015
-
winedarksea.org winedarksea.org
-
New experiments provide opportunities for thought that precede the results.
And even if we don’t yet have a way to run and experiment and/or gather results, we can use “speculative experiments” to learn about digital objects (such as a digital edition) by imagining and designing for a hypothetical and/or future circumstance.
-