"art Capital" Or "exploiting The Delusions Of...

The New Republic

You have read:

0 / 8

free articles in the past 30 days.

Already a subscriber?

Log in here

sign up for unlimited access for just $34.97Sign me up

THE STASH JUNE 10, 2009

"art Capital" Or "exploiting The Delusions Of The Downwardly Mobile Rich"

This is a pretty ingenious business model.

With so many enterprises (including governments, via lotteries) set up to take advantage of the irrationality of the poor and working class, there's some cosmic justice in seeing one set up to exploit the irrationality of the liquidity-constrained rich. (The irrationality being that they think they're merely liquidity constrained when in fact they're teetering on insolvency.)

--Noam Scheiber

share this article on facebook or twitter

posted in: the stash, noam scheiber

print this article

SHARE YOUR THOUGHTS

Show all 2 comments

You must be a subscriber to post comments. Subscribe today.

Back to Top

SHARE HIGHLIGHT

0 CHARACTERS SELECTED

TWEET THIS

POST TO TUMBLR

SHARE ON FACEBOOK