This concept has me super interested.
People yelling skam because they either can't read, or just don't understand what they are reading...
Do better with interesting tech.
🤝🏻
it's very hard not to argue we are in late-stage capitalism. most obvious signs:
- "enshittification" of most things while corporate profits keep hitting record levels
- corporations emboldened to raise prices beyond cost increases in unison
- conspicuous corporate capture of the government
- meaningfully reduced competition in many key sectors
- private equity buying anything with cashflow to take out massive loans and mass extract before discarding the businesses
- large centralized corporations killing off decentralized small businesses in every town, reducing the possibilities of regular people to build wealth via sustainable businesses
- rapidly declining value of labor due to AI and automation, coinciding with significant price inflation
- growing youth unemployment
- increasing wealth inequality
i'm a pretty strong believer in capitalism fwiw. it's created the most robust period of economic growth and technological progress in human history
but you'd have to be blind and naive to think things as they are can sustain from here
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