Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.
Douglas Rushkoff Quotes
Step by step, place became property, property became a mortgage, and mortgages became derivative investments.
Similar Quotes
Cricket is the greatest game that the wit of man has yet devised.
- Sir Pelham WarnerAdvertising is selling Twinkies to adults.
- Donald R. VanceThe struggle of the male to learn to listen to and respect his own intuitive, inner prompt...
- Herb GoldbergEach generation of the church in each setting has the responsibility of communicating the ...
- Francis SchaefferEach had defended his own country; the Germans Germany, the Frenchmen France; they had don...
- Ernst TollerComments on: "Douglas Rushkoff Quotes: Step by step, place became property, property became a mortgage, and mortgages became..."
| Birth: | 18th February, 1961 |
| Nationality: | American |
| Profession: | Columnist, Documentary Filmmaker, Novelist, Professor, Theorist, Writer |
About
Douglas Rushkoff was born in New York City, New York. He is an American writer, columnist, professor, graphic novelist, and documentary filmmaker. He is most frequently regarded as a media theorist and is known for coining terms and concepts including viral media, digital native, and social currency. He has written ten books on media, technology and culture. He is currently Professor of Media Theory and Digital Economics at the City University of New York, Queens College. He graduated from Princeton University in 1983. He completed a Master of Fine Arts in Directing from the California Institute of the Arts. In 2002, he was awarded the Marshall McLuhan Award by the Media Ecology Association for his book Coercion.
Share with your friends