We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt.

Look at labor policy. What's the point of making everybody work too much? It's not very useful. It is destroying the planet, actually. But it's great at keeping people off the streets.

If you want to minimize the possibility of unexpected breakthroughs, tell people they will receive no resources at all unless they spend the bulk of their time competing against each other to convince you they know in advance what they are going to discover.

One of the fairly interesting things about money is that it makes certain things possible that wouldn't be possible otherwise - it doesn't make them inevitable. Hence the strange blindness of economists to what would actually happen when one does exchange things if there isn't money in such contexts.

Traditional hedonism...was based on the direct experience of pleasure: wine, women and song; sex, drugs and rock 'n' roll; or whatever the local variant. The problem, from a capitalist perspective, is that there are inherent limits to all this. People become sated, bored...Modern self-illusory hedonism solves this dilemma because here, what one is really consuming are fantasies and day-dreams about what having a certain product would be like.

Debt is the most effective way to take a relation of violent subordination and make the victims feel that it's their fault.

We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt.