Rejection, convenience, and predictability are all core parts of the economy - think college kids trying to get jobs right now, Klarna and DoorDash and the defaulting NACHOs, and the downfall of Cartoon Network. In the Screwtape Letters, CS Lewis describes how demons feast on the human spirit - not by making them evil, ... See more

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