Black Box Thinking

In this collection of essays from 1969-2013, many in book form for the first time, Noam Chomsky exposes the real nature of state power. With unrelenting logic, he holds the arguments of empire up to critical examination and shatters the myths of those who protect the power and privilege of the few against the interests and needs to the many.Covering like 'Human Intelligence and the Environment', 'Terror, Justice and Self-Defence' and 'The Welfare-Warfare state', this is an indispensable compilation of searing insights into the state of our modern world.In this collection of essays from 1969-2013, many in book form for the first time, Noam Chomsky exposes the real nature of state power. With unrelenting logic, he holds the arguments of empire up to critical examination and shatters the myths of those who protect the power and privilege of the few against the interests and needs to the many.Covering like 'Human Intelligence and the Environment', 'Terror, Justice and Self-Defence' and 'The Welfare-Warfare state', this is an indispensable compilation of searing insights into the state of our modern world.'Arguably the most important intellectual alive' New York Times on Noam Chomsky'Noam Chomsky is a global phenomenon . . . he may be the most widely read American voice on the planet today' NYT Book Review'Will there ever again be a public intellectual who commands the attention of so many across the planet?' New Statesman'The west's most prominent critic of US imperialism . . . the closest thing in the English-speaking world to an intellectual superstar' Guardian

*Longlisted for the 2022 Financial Times Business Book of the Year Award*All economic and financial activities take place across time. Interest coordinates these activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money.In The Price of Time, Edward Chancellor traces the history of interest from its origins in ancient Mesopotamia, through debates about usury in Restoration Britain and John Law ' s ill-fated Mississippi scheme, to the global credit booms of the twenty-first century. We generally assume that high interest rates are harmful, but Chancellor argues that, whenever money is too easy, financial markets become unstable. He takes the story to the present day, when interest rates have sunk lower than at any time in the five millennia since they were first recorded - including the extraordinary appearance of negative rates in Europe and Japan - and highlights how this has contributed to profound economic insecurity and financial fragility.Chancellor reveals how extremely low interest rates not only create asset price inflation but are also largely responsible for weak economic growth, rising inequality, zombie companies, elevated debt levels and the pensions crises that have afflicted the West in recent years - conditions under which economies cannot possibly thrive. At the same time, easy money in China has inflated an epic real estate bubble, accompanied by the greatest credit and investment boom in history. As the global financial system edges closer to yet another crisis, Chancellor shows that only by understanding interest can we hope to face the challenges ahead.

Cheese is a metaphor for what you want in life - be it a good job, a loving relationship, money or possessions, health or spiritual peace of mind. And the maze is where you look for what you want - the organization you work in, or the family or community where you live. This book shows how to anticipate change, adapt quickly, enjoy the change and be ready for more, so that you suffer from less stress and enjoy more success in life.