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Cake day: September 9th, 2025

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  • I’m not sure there’s any more depressing climax I could imagine to this story:

    While the talk of eradicating friction or even rents suggests a “freeing up” of capital for more productive investment, given services would follow manufacturing into a realm of hyperproductive overcapacity, there would seem to be no upside to the euthanasia of the rentier in this instance.

    Rather than “free up” business, this development would destroy it. Capital may well be a parasite, but in the absence of revolutionary pressure it is still work-producing. Our jobs might be bullsh-t, but without them there is only unemployment and (even more) poverty.