An International Monetary Fund veteran explains how the US financial situation is like that of a less-powerful nation's developing economy. Oligarchy, corruption, and the financial sector's control of the government — it's not good.
Times Labs Blog: Do music artists fare better in a world with illegal file-sharing?
"The most immediate revelation, of course, is that at some point next year revenues from gigs payable to artists will for the first time overtake revenues accrued by labels from sales of recorded music."