Here is my new piece on the future of the world order, and how the most distinctive feature of 21st century international relations is that, unlike the last two centuries, it is not organized around ideology
… is not necessarily key to the economy. As Melinda Cooper details on her recent episode of @DanielDenvir’s The Dig, our political economy is organized around asset and capital inflation—*not* the production of industrial goods by workers.
This is a totally new moment and …
The surprising thing about the educated elite is how uneducated they are … or at least decades of pop slop psych means they didn’t read the real thinkers
... nature of capitalism has changed since 2008, when the gov't essentially provided the capitalist class with free money).
So basically I think it's possible the bubble could pop without the widespread social effects of '08 and '29, which basically undercut ...
... assets people owned (houses) or relied on. At this stage in capitalism, capitalism is essentially a game only the wealthy play while the rest of us look on.
Of course, things like the various 401s will be affected, and that will be bad, but perhaps one of the reasons ...
People sometimes think my take on the fascism debate is about downplaying Trump when it’s actually about appreciating the awful new weirdness we’ve got going on in post-9/11 America
And one of the foundational premises of capitalism since the 60s is that it’s consumer focused. If that goes away—which it is—it’ll be interesting to see if it requires a new justificatory logic or can just go on