2/ for those not catching the joke, capitalism has been dealing with disasters and catastrophes for a long time. In 1686 the owner of Lloyd's Coffee House in London started engineering risk pools to reduce the pain of ship losses. https://en.wikipedia.org/wiki/Lloyd%27s_of_London#17th%E2%80%9319th_centuries:_Formation_and_first_Lloyd's_Act …
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3/ For those interested in this topic, I strongly recommend Against the Gods: The Remarkable Story of Risk Paperback by Peter L. Bernsteinhttps://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/0471295639 …
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4/ speaking of "the gods" I recently finished Friedman's Legal Systems Very Different from ours and The Narrow Corridor, and have bounced back into The Odyssey (Lombardo translation) I tried it twice before in my life, made zero headway now? loving it https://www.amazon.com/Odyssey-Homer/dp/0872204847/ …
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5/ ...and speaking of Greeks...https://twitter.com/pjsempe/status/1239292989001826306 …
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6/ Getting back to The Odyssey: earlier I approached it as an adventure story and - honestly - as an adventure story it sort of sucks. Literary technology re plots etc has come a long way in 2500 years. This time - and maybe this has to be with being 48 - I'm approaching it >
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7/ as a story about the eternal unchanging nature of humanity. There is nothing new under the sun! Within the story a bard sings a tale of the god Hephaestus who catches his wife Aphrodite cheating on him, and he rages at her, calling her a hose faced bitch.
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8/ If Neal Stephenson's Seveneve's played out, 5,000 years from now humans could watch 20th century sitcoms and dramas - in translation - and while some aspects would be weird and culturally dependent, most would make perfect sense.
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@jasoncrawford has this come up in your reading? -
it's a joke
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turns out there was, but it favoured responsible people over irresponsible people, and was therefore problematic and exclusionary
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