Is the world really better than ever?
Oliver Burkeman, The Guardian
The headlines have never been worse. But an increasingly influential group of thinkers insists that humankind has never had it so good – and only our pessimism is holding us back.
Spending a Lot on Health Care Is the American Way
Tyler Cowen, BloombergView
It’s a nation of consumers: Big houses, the latest gadgets, huge hospital bills.
What Does ‘Late Capitalism’ Really Mean?
Annie Lowrey, The Atlantic
The cynical #latecapitalism meme going around social media calls out the inequities and absurdities of the modern economy. Google search interest in the phrase has more than doubled in the past year.
The amount of work that once bought an hour of light now buys 51 years of it
Christopher Ingraham, Washington Post
Back in the prehistoric era a person would have to gather, chop and burn wood for roughly 10 hours a day for six days straight in order to produce the equivalent light of a modern lightbulb shining for about an hour.