Saved by Ian Vanagas
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
John Luttig • Finance as culture
Boardrooms are used to responding to microeconomic threats—new competitors, shocks in supply and demand, more complex markets. But today’s biggest threat is of a different order. It’s glaring down from the macroeconomic heights: prosperity itself has reached sharply diminishing returns.
Umair Haque • The New Capitalist Manifesto: Building a Disruptively Better Business
Andrew Redleaf and Richard Vigilante write in Panic: The Betrayal of Capitalism by Wall Street and Washington, “The ideology of modern finance replaced the capitalist’s appreciation for free markets as a context for human creativity with the worship of efficient markets as substitutes for that creativity. The result was a divorce of entrepreneurial
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
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.
