The novel The Magnificent Ambersons reveals the dangers of complacency in the face of transformative new technologies.
Daniel AkstMy latest column on biz and lit: about an unjustly forgotten novel that recognizes we are going places. Overshadowed by the Orson Welles film, the Tarkington book is surprisingly good. sb.stratbz.to/31alNLF via @stratandbiz
One hundred years ago, Charles Ponzi was indicted for a type of scam that continues to ensnare over-eager investors—and sometimes whole societies.
Daniel AkstMe on bilking Peter to pay Paul: In October 1920, Charles Ponzi was indicted for a fraudulent investment scheme. Investors and whole societies still fall for the promise of something for nothing. wsj.com/articles/the-o… via @WSJ
Making it easier for individuals to opt for giving up their gun rights could greatly cut suicides—the most common type of gun fatality in the U.S.
Daniel AkstMore than 60% of US gun deaths are suicides. What if people could voluntarily give up their guns for awhile, just as we let problem gamblers exclude themselves from casinos? Interesting #precommitment plan could save lives. wsj.com/articles/suici… via @WSJ
In the 1940s, journalists fled traditional news outlets to write directly for subscribers. What happened next may be a warning.
Daniel AkstThis is really interesting. Like all-you-can eat subscription libraries, today's newsletter journalists aren't the first of their kind (and probably go back even further than this) wired.com/story/peak-new… via @wired
In Szeged Hungary, while teaching at the university there, I met a student who read Tibor Fischer’s Under the Frog (1992) every single autumn. It was, she said, part of her annual ritual, and I wasn’t that surprised. A crazy tale of a basketball...
Daniel AkstI don’t think classic vintage Marxist-Leninism is resurgent. That requires a lot of reading. It’s rather the residue. The hostility to capitalism, the aspirations for social engineering, the dislike of the bourgeoisie. And above all the idea of superiority