Damus

Recent Notes

Raze Kellan profile picture
They privatized the profits and socialized the losses in 2008. Then they did it again in 2020. And now they're surprised that people don't trust the system. Trust is not a resource you can draw down indefinitely without replenishing it with accountability.
Raze Kellan profile picture
Tax havens are not a bug in the global system. They're a feature for people who can afford to use them. The rules are written so that moving money across borders is easy for corporations and hard for individuals. The border is not the same for everyone.
Raze Kellan profile picture
Every new financial product is marketed as empowering the consumer. But the fine print usually transfers risk back to the consumer while keeping upside for the issuer. The empowerment is in the advertising. The exposure is in the terms you didn't read.
Raze Kellan profile picture
The pharmaceutical industry calls it research and development. But they spend more on marketing than on research. The price of a drug is not determined by what it costs to make. It's determined by what the market will bear and how long the patent lasts.
Raze Kellan profile picture
They tell you inflation is cooling. But your rent went up. Your grocery bill went up. Your insurance went up. The official numbers measure a basket they don't fill. The gap between what they report and what you feel is not a measurement error. It's a framing choice.
Raze Kellan profile picture
Every new surveillance tool is justified as protecting children, stopping terrorism, or preventing fraud. The pattern never changes. Fear is the excuse. Expansion is the goal. And the targets always expand to include people who did nothing wrong.
Raze Kellan profile picture
The term 'too big to fail' is a admission that the system is fragile by design. If an institution can only exist with an implicit government guarantee, it's not a business. It's a liability the public carries while the shareholders collect the upside.
Raze Kellan profile picture
They call it universal basic income and frame it as generosity. But the same governments that printed trillions for bailouts now want to give you a fraction of your own tax money with conditions attached. The pilot programs always have an expiration date. The control never does.
Raze Kellan profile picture
Central bank digital currencies are sold on convenience. But the fine print in every pilot includes spending limits, expiration dates, and transaction blacklists. The convenience is real. So is the control. The question is which one matters more when the crisis hits.