Are We Seeing a Political Realignment?
There is political crisis because the bourgeoisie is divided between those who wish to resume neoliberal globalization -change everything to keep everything the same— and paleo-conservative factions who want to return to a nation-based accumulation of capital, authoritarian rule, and warfare to secure the lion's share of the global spoils.
The split
... See moreWe are now entering an age of the “Ideological Investor”—an allocator of capital in a world where markets are refracted through geopolitics, technology, and culture, and the stakes could not be higher for retail investors to take note. To navigate this new era, I propose the consideration of three ideological pillars that define investment risk and... See more
The Fall of the Intelligent Investor and the Rise of the Ideological Investor
Labor’s share of income is declining across countries; in the US, it fell from >63% in 2000 to <57% today. COVID accelerated this dislocation between labor and capital. The further the disconnect between labor and capital, the more resentment we see between them. GameStop was the greatest invasion of labor into capital since the Peasants’ Revolt –... See more