Archive

The Subscription Economy Is a Landlord Economy

You used to buy things. Now you rent access to them, forever, from people who can change the locks.

Nobody Knows What a Stock Is Worth. That Is the Point.

A short tour of the beautiful, load-bearing fiction at the center of the market.

The Company Town Never Left. It Got an App.

How the gig economy reinvented a 19th-century labor arrangement and called it freedom.

Your Job Is a Financial Product

Salary, equity, vesting, and the quiet ways your employer prices your loyalty.

How to Read an Earnings Call Like a Short Seller

A field guide to the four phrases that mean the opposite of what they say.

A Short History of the Word "Efficiency"

It used to describe engines. Now it describes you. What got lost in the translation?