Posts Tagged ‘Pink Floyd’
“Their principal dependence is not upon their arms, I believe, so much as upon the failure of our revenue”*…
The ongoing Russia-Ukraine war and subsequent rounds of economic sanctions has underscored the important role of money in conflicts. As Jamie Catherwood explains, for hundreds of years nations have used money as a means of control and geopolitical influence. Financial instruments and economic sanctions have been wielded like any other weapon…
Over the course of centuries, nations have utilized money as a means of control and geopolitical influence. Financial instruments and economic sanctions have been wielded like any another weapon.
In fact, President William Taft’s foreign policy became known as one of ‘Dollar Diplomacy’. President Taft explicitly referenced the interchangeability of traditional weapons and debt in his State of the Union Address in 1912, explaining that his foreign policy was to “substitute dollars for bullets”…
The methods and mediums through which countries wield this economic weapon changes over time, but the objectives of economic sanctions today are the same as those of centuries past: hurt the enemy by hurting their economy and restricting access to financial lifelines.
This article uses historical case studies across multiple centuries to demonstrate how money has been weaponized or used as a geopolitical tool in conflicts…
As the prevalence of “hot wars” continues to decline, the weaponization of money and finance stands to play an increasingly key role in how wars are waged…
“A Brief History of Economic Warfare,” from @InvestorAmnesia.
* “Their principal dependence is not upon their arms, I believe, so much as upon the failure of our revenue. To think they have taken such measures, by circulating counterfeit bills, to depreciate the currency, that it cannot hold its credit longer than this campaign. But they are mistaken.” – John Adams, in 1777, on Britain’s attempts to undermine the U.S. economy
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As we brandish banknotes, we might recall that it was on this date in 1973 that Pink Floyd’s 8th studio album, The Dark Side of the Moon, reached the top of the Billboard 200 album chart. It had entered the chart on March 17 of that year, just over two weeks after its release, and held the #1 spot for only a week. But it was in the chart for for a record-setting 741 consecutive weeks. It has popped back into the charts over the years, and has currently been ranked for over 900 weeks (and counting). Overall sales of the album are estimated to be close to 50 million copies.
Money
“Money,” Track 6 (Track 1, Side 2) of The Dark Side of the Moon
It’s a crime
Share it fairly, but don’t take a slice of my pie
Money
So they say
Is the root of all evil today
“An office is a place where dreams come true”*…
If You Believe the Headlines, the Office Has Been Dying for Half a Century…
August 1969: “We can now provide each individual with a choice of … working at home, where he can carry out his duties for all his assignments through computer access.” (“You’ll Never Have to Go to Work Again,” Washington Post)
April 1974: “Homework. The word conjures up the overworked executive. But everybody’s doing it. Part time. Full time. Some time.” (“The Home Office: Nice Work If You Can Stand It,” New York Magazine)
May 1982: “One joy of the coming telecommuting age is that people will be able to choose to have virtually no government by congregating with like-minded neighbors.” (“Why Men Die,” The Economist)
April 1989: “We may be at the very end of the tremendous boom in office construction and office rents that was triggered when Napoleon III created the modern city’s prototype in 1860 Paris.” (“Information and the Future of the City,” Wall Street Journal)
July 1990: “Is it possible that the shining new skyscrapers towering proudly above American cities could become the next industrial wasteland, as outmoded as the rusty factories that were the symbols of American productivity a few decades ago?” (“Are Skyscrapers Becoming Obsolete in the Computer Age?” Oregonian)
November 1995: “A few companies have tried ‘hoteling,’ in which office workers are given a space temporarily, on an ‘as-needed’ basis.” (“A U.S. Irony: Demand for Tall Buildings Is in Short Supply,” Chicago Tribune)
February 1996: “Across the US, 500 million square feet of office space stand empty, much of it in skyscrapers built during the 1980s building boom. Some experts are now predicting that this oversupply might never be absorbed.” (“Death of the office?” Irish Times)
October 2001: “More people are asking to work from home, wanting to avoid high-rise offices and be closer to family.” (“Telecommuting From Terror,” San Francisco Chronicle)
September 2014: “On 30 June the business world changed forever. From that date the government gave employees across the UK the legal right to ask for flexible working. For business leaders, including the IT team, this may have been greeted with horror, with visions of desolate offices and a mass exodus of staff, with all kinds of weird-and-wonderful home-working tech requests flooding in.” (“Legal Right to Flexible Working Spells the End of the Office,” Legal Monitor Worldwide)
May 2020: “What will become of the office buildings themselves? There are already concerns that bacteria is building up in their plumbing systems, which were never designed to be left unused for this long, leading to risks like Legionnaires’ disease.” (“The End of the Office As We Know It,” New York Times)…
As we await the verdict on post-pandemic work, a look back at 150 years of cubicles, corner offices, all-nighters, and the holiday party: “Remember the Office?” (soft paywall)
* “Michael Scott,” The Office (Season 5 Episode 13: “Stress Relief”)
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As we contemplate recommencing commuting, we might recall that it was on this date in 1973 that The Dark Side of the Moon by Pink Floyd (recorded in Abbey Road Studios) hit number one on the Billboard chart, beginning a record-breaking 741-week chart run (957 weeks in total… so far).
Side Two opened with the band’s first top 10 hit in the U.S., “Money.”
You get a good job with good pay and you’re okay
Money
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