Daniela Gabor in Phenomenal World:

From the turbulent perch of the present, 2015 seems like a lifetime ago. That year, a trifecta of UN agreements announced transformative global ambitions on climate and development. In July 2015, 193 UN Member States agreed to the Addis Ababa Action Plan of the Third International Conference on Financing for Development (FfD3). Solving the financing question, the UN Secretary-General Ban Ki-moon stressed, provided “the foundation of a revitalized global partnership for sustainable development that will leave no one behind.” In September of that year, UN members signed the Agenda 2030 for Sustainable Development, a “broad and universal policy agenda” aiming to “transform our world” through a new set of Sustainable Development Goals. Then, the Paris Agreement in December marked a new direction in climate politics. Climate action was no longer synonymous with carbon pricing, but instead a long-term project of economic transformation.

The FfD3, the World Bank reported, was marked by “one stark difference from previous gatherings in Doha and Monterrey: unequivocal acceptance that the financing will have to come from private as well as public resources.” The change was inaugurated in part by the sheer force of a new Bank-created motto for financing development: “From Billions to Trillions.” Public, concessional funding in the billions could unlock trillions in private investment. To meet the aims of the social development goals, the Bank claimed, required trillions in financing, which could only materialize through “a paradigm shift… a financing framework capable of channelling resources and investments of all kinds—public and private, national, and global.” It was music to many ears, eager to hear that trillions of investment only required small amounts of public expenditure.

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Corey Robin in Sidecar:

Late capitalism is an ambiguous term. Lateness may imply death or an ending, as when we speak of my late grandfather or the late afternoon. When the German social theorist Werner Sombart first used the term in the early twentieth century, late capitalism did mean the end of capitalism. Yet ‘late’ in the superlative also suggests up-to-date or state-of-the-art, pointing not to the demise of something but to its refinement and advance. Surveying the same developments as Sombart, the Austrian Marxist Rudolf Hilferding claimed that the emerging economy of the twentieth century was simply ‘the latest phase of capitalist development’, a phrase echoed by Lenin, who took pains to remind his followers that ‘there is no such thing as an absolutely hopeless situation’ for the bourgeoisie.

Despite its popularity in recent years, especially since the 2008 financial crisis and the left-populist insurgencies that followed, late capitalism is not an idea that lends itself to revolution or a vision of progress. It may express a wish to be rid of capitalism. But mostly it works as a theory of turning points that never turn – or worse.

Traditionally, the socialist left has believed that capitalism is prone to crises – not simply the ups and downs of the business cycle but increasingly wrenching dislocations that cannot be resolved within the constraints of the system. With time, these crises must come to an end, ‘either in a revolutionary reconstitution of society at large’, as the canonical formulation has it, ‘or in the common ruin of the contending classes’. Though hardly a deterministic vision of the future – the ‘common ruin of the contending classes’ is a serious possibility – such a theory of revolution depends on a theory of crisis.

According to Sombart, late capitalism eliminated this crisis tendency.

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Isabel Clara Ruehl at Literary Hub:

I skirted an abandoned development of some kind, half-built, its windows smashed, wild dogs on its concrete foundation barking at me not to come any closer…

This is a sentence from one of the first pieces I ever fact checked. In the passage, the writer walks from the Rome airport to the mouth of the Tiber; I’d just been hired by Harper’s Magazine, and my job was to verify the essay by Monday. It sounded easy enough. I found some derelict buildings on Google Street View—check, check (at Harper’s, we physically tick off each word that’s verified, pen-on-paper, so that our eyes don’t scan over any detail)—but how to confirm that there might be wild dogs in the area…?

I searched the internet with no yield, but I wasn’t bothered. Surely this was plausible. Still, I wanted to be thorough, so I contacted various tourism and wildlife places. “We’re sorry but we cannot answer,” one replied. So on Monday, I told my editor (himself a former checker) that this fact seemed unprovable but fine. How could we know whether the writer had seen wild dogs? I’d learned that they weren’t frequently running about Rome, but so what? To my surprise, he asked whether I’d called the airport, so I did. They were very confused.

Austin Kelley’s debut novel The Fact Checker dramatizes these questions of fact, truth, and provability as the protagonist checks an article about the Union Square Greenmarket. Narrative nonfiction exists in a gray area, somewhere between reporting and poetry, and the checker’s job is to break an essay into its component parts, confirm what’s true, and fix what’s false.

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From Office Chai:

OpenAI had stunned the world by releasing ChatGPT in November 2022, but it turns out that the researchers working on the technology were even more stunned at what they’d developed.

Jeff Clune, a former researcher at OpenAI, says that building AI felt like watching an AI intelligence arrive. His words paint a vivid picture of a small group of scientists who felt they held a world-altering secret, a sentiment that oscillated between exhilarating and terrifying. Clune had worked at OpenAI from January 2020 to May 2022, and now works at Google DeepMind.

Clune’s analogy captures the surreal feeling of knowing the world was on the precipice of a monumental shift, while life for everyone else continued as normal. “It’s kind of like you’re an astronomer,” he explained. “You’re looking at your equipment, your sensors and your computer readouts, and you and a handful of other people have the expertise to look at this complicated data and say, ‘Oh my gosh, aliens are on the way. They’re going to arrive on Earth in a couple of years.’”

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David Austin Walsh in the Boston Review:

There is clearly a groundswell of anti-MAGA political energy across the country, and yet the most recent Quinnipiac University poll found that 53 percent of Democrats disapprove of how the Democratic Party is doing in Congress. Senate Minority Leader Chuck Schumer’s approval rating, in particular, is hovering around 17 percent—and given Schumer’s vocal support for Israel’s strikes on Iran, that number is likely only to plummet more.

And then there’s Zohran Mamdani. His decisive victory in the New York mayoral primary on Tuesday against establishment sex pest Andrew Cuomo, the former-governor-son-of-a-former-governor, underlines how Democrats have finally arrived at their Tea Party moment: voters fed up with the feckless, corrupt dealings and nepotism of a hollowed-out Democratic Party registered their dissatisfaction in the highest-profile race of 2025, succeeding despite a torrent of national criticism and propaganda from the establishment.

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Sebastian Smee in The Washington Post:

This Buddha — its head and shoulders the color of translucent flames, its torso pockmarked by wounds, its robes a rich burgundy — is the manifestation of an idea of art that’s both dazzlingly new and profoundly ancient. If you’ve not seen anything quite like it — well, neither have I. (It’s on show at the Mario Diacono Gallery in Boston until July 5.)

“Buddha,” by Barry X Ball, is familiar only to the extent that it follows a type recognizable from Mahayana Buddhism. It’s modeled after a 15th- or 16th-century seated Buddha from Japan, in lacquer and gilt wood. The Amitābha, as this type is called, expresses “measureless life” (a function of infinite compassion), bliss and a harmonizing force that radiates throughout the cosmos.

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Eliana Dockterman in Time Magazine:

Ryan Reynolds is trying to focus on our conversation. But all he can think about is the script pulled up on his laptop. The screenwriting software Final Draft has frozen so he can’t plug in his latest ideas for a project that he has asked me not to share. He reluctantly abandons his computer but can’t help but fidget. Reynolds knows he’ll only have a few hours later to return to the story before he’s on dad duty. “I’m obsessive,” he says. “Even right now I’m thinking what I have after you, and if I can get back to it again.” His schedule after our interview is packed: a business meeting; someone is coming to fix Final Draft; then a walk-and-talk with Deadpool & Wolverine director Shawn Levy to discuss Levy’s upcoming Star Wars movie starring the other Ryan—Gosling.

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Leann Davis Alspaugh at the Hedgehog Review:

According to the Stanford Encyclopedia of Philosophy, phenomenology is defined as the study of “the structure of various types of experience ranging from perception, thought, memory, imagination, emotion, desire, and volition to bodily awareness, embodied action, and social activity, including linguistic activity. The structure of these forms of experience typically involves what Husserl called ‘intentionality,’ that is, the directedness of experience toward things in the world, the property of consciousness that it is a consciousness of or about something.” That’s quite a load for a kiddie ride but let’s turn Porky loose and see what he can do.

As we have already seen, Porky the kiddie ride has a cultural history: a place in time and a role in people’s lives. He represents a technological innovation that deploys mechanics and electricity for entertainment purposes. He holds a place in popular imagination both as a character and as an amusement.

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Jia Tolentino at The New Yorker:

The virgin allegations emerged about a decade ago. Young people “are so sexually inactive that it practically boggles the mind,” a writer for Bustle proclaimed, in 2016, invoking a then recent study that suggested that celibacy had lately doubled among people in their early twenties. Two years later, The Atlantic gave this evident trend its working name, with a cover story on “The Sex Recession.” (The illustration: a bird and a bee turned away from each other, looking both sullen and shy.) The youth had stopped fucking. They were a “new generation of prigs, prudes, and squares,” a blog declared; they were “anxious, lonely and addicted to porn,” according to the Telegraph. They were dragging the rest of the population down with them, the Washington Post argued, blaming the “Great American Sex Drought” on young people, and particularly young men, for being losers, more or less—having no girlfriends, living with their parents, preferring video games and social media to real, live, naked bodies.

This, it should be noted, was not your typical kids-these-days hand-wringing. Traditionally, it is the role of the old to worry that the young are having sex too much. In the nineteen-twenties, society’s elders panicked about flappers fornicating in speakeasies; the sixties prompted fears of love cults and orgies; the eighties brought a new wave of AIDS-centered gay panic.

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Just Jazz

Last summer I became a bird
plucked straw from the fields
plundered cotton from old chairs
to make a quiet nest

Fluttered in fountains
twittered when cats were near
dug Miles and Trane for sustenance
and Billie Holiday

No problem
No sweat
just Jazz

by Nikki Giovanni
from Blues For All The Changes
William Morrow and Company, 1999

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Laura Raicovich at Hyperallergic:

I don’t tell this story often, and have never told it in such detail publicly before. However, given our current moment of crisis in the United States, only a few months into the second Trump administration, it seems an important story to tell. It is a set of experiences that were horrible to live through, and yet, I would not be the person I am today had they not happened. Ultimately, the story is about power, leverage, and fear, and also about the potential for solidarity and love.

When Donald Trump was elected President of the United States in November 2016, I had been the director of New York’s Queens Museum for less than a year. Even in those early months, it was clear that the rhetoric and policies he, his campaign, and administration were promoting presented material threats not only to the populations who interacted with the museum most regularly, but also to many members of the team at the museum. As we gathered the morning after the election at our regular 9am staff meeting, many of us with tears in our eyes, we recognized the realities that we would confront in short order, and that would presage our current crisis in 2025.

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Dean Flower at the Hudson Review:

We may still wonder why Balzac occupied so much space in James’s writing career and particularly in The Prefaces. In temperament and method the two were poles apart. But Balzac had come to represent for James something primal, fundamentally generative—more a natural phenomenon than an individual. The sculptor Gloriani, who appears in James’s first novel, Roderick Hudson, reappears in The Ambassadors, at the center of his garden in Paris, a man in touch with “the great world,” Strether thinks, a figure who has “something covertly tigerish” about him, compelling a stab of envy and admiration for “the glossy male tiger, magnificently marked.” This is the moment when Strether realizes, and tells little Bilham, “Live now! Live all you can; it’s a mistake not to . . . Live!” It’s difficult here to ignore Balzac as Gloriani’s progenitor, the figure that kept telling James to embrace life with more vital courage—and greater response to its magnificence. Gloriani appears again in “The Velvet Glove,” a short story of 1909, but he’s also present in metaphors like the beast in “The Beast in the Jungle,” in which John Marcher waits passively for Life’s big revelation to seize him—that was Strether’s mistake, too. Think of Balzac again when you read about James visiting Edith Wharton at The Mount in 1904 and reading aloud together Walt Whitman’s celebrations of “The Body Electric” with unselfconscious joy.

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Crispin Long at The Baffler:

In the novels of André Aciman, characters are rarely burdened with anything so tawdry as an office job. If they do have one, as in the case of two well-heeled lovers in Room on the Sea, the central novella in his middling new collection of three, it hovers lightly in the background, providing ample funds to spend in cafés and on seaside hotels. Paul, a recently retired lawyer, and Catherine, a therapist, meet in New York City at jury duty, that wearisome disruptor of routine. Their first exchange recalls a pair of teenagers testing each other’s recently acquired knowledge of moderately successful indie bands. Paul, who is leafing through the Wall Street Journal, tries to glimpse the title of the novel resting on Catherine’s knee. It’s Wuthering Heights, she tells him, “thinking perhaps that he’d probably never heard of it.”

As it turns out, Paul has read it—twice. He shares with Catherine his insider tricks for subtly evading jury selection, and soon they’re eating lunch together at a Chinese restaurant nearby, making thinly veiled digs at their respective spouses and exchanging banalities with disproportionate giddiness.

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Tim Brinkhof at Big Think:

The most significant developments in society and technology have all occurred over the past 10,000 years or so. That includes the agricultural, scientific, industrial, and digital revolutions, not to mention the dawn of religion, money, and any of the other symbolic concepts that separate Homo sapiens from other species.

We don’t know much about human activities beyond 10,000 years ago. But we do know that prehistoric people were genetically and intellectually equivalent to modern humans; research indicates that the level of intelligence required for history’s major societal and technological advancements evolved as early as 60,000 years ago when our ancestors began migrating out of Africa.

This begs the question: What took us so long? Why did humans spend 50,000 years (or more) in seemingly uneventful prehistory — with hunter-gatherers living the exact same way across thousands of generations — before starting on the trajectory that took us from cave paintings to (almost) self-driving cars in the comparative blink of an eye?

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Christopher Marquis at Project Syndicate:

In 2019, the Business Roundtable, an association of the United States’ most powerful CEOs, won widespread praise by announcing its commitment to “stakeholder capitalism,” which delivers value not only to shareholders, but also to other affected actors, such as employees and communities. Now, however, the Business Roundtable has changed its tune: its April report, “The Need for Bold Proxy Process Reforms,” reads almost like a manifesto against stakeholder capitalism.

The reason for this volte-face is obvious. The Roundtable’s 2019 “commitment” was a clear attempt to get on the right side of popular sentiment: engagement with social and environmental issues was up, and so were demands that powerful institutions get on board. But the political mood has changed. At a time when Americans are preoccupied with intensifying pressures on their own pocketbooks, US President Donald Trump’s second administration is actively rejecting environmental and social issues. For many CEOs, this looks like a golden opportunity.

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Michael Lange in The New York Times:

Five years ago, at the height of the Covid-19 pandemic, Andrew Cuomo was at the apex of his political power, watched by millions as he delivered daily televised briefings as the governor of New York. Zohran Mamdani, a then-unknown 28-year-old, was running for State Assembly as a democratic socialist in the gentrifying Western Queens neighborhood of Astoria. He would prevail by fewer than 500 votes.

Many flirted with the idea that Mr. Cuomo, a national media star, would replace Joe Biden on the Democratic ticket or run for president in 2024. Ultimately, charges of sexual harassment by 11 women led to Mr. Cuomo’s fall from grace and flight from Albany. At the time, he apologized, but during this year’s mayoral campaign in New York City, he has denied wrongdoing and dismissed the accusations as political. Mr. Cuomo was using the Democratic primary as a vehicle to attempt a comeback and resuscitate his political career.

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