“Right now, the way to capture value in the modern capitalist economy is to get control of an asset and put up high barriers to entry, and then make everybody pay user fees.”

“Because it has the appearance of rigor, the danger is that you may get the idea that you are getting the whole picture, that you now really understand what’s going on.”

We’ll add a few other pandemic-induced purchases to the list: flour, bikes, masks, recreational

“Seven months of shattered plans, lockdowns and rapidly improvised new normals have converted jaded consumers around the world into frantic gadget freaks, each…