The Inward Draw of Capitalism

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

The unabated “creative destruction” of one kind of capital after another has only further increased the wealth of a few and done nothing to emancipate the overall collective creative spirit, which has remained stagnant. Today, almost every artistic effort inevitably (perhaps unknowingly) reinscribes the values of the ruling capitalist class.

We are no longer headed toward a smooth or linear transition. What lies ahead is volatile, uncertain, and spiky—marked by rupture rather than reform. As our current economic engines collapse, we’re witnessing a deepening inability to allocate capital toward the future. Capital is increasingly being mobilised to preserve existing assets—assets under... See more