Uber is a bezzle ("the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it"). Every bezzle ends.Uber's time is up.1/ pic.twitter.com/UkqGXvC744— Cory Doctorow (@doctorow) August 10, 2021
Yeah, I still can't wrap my head around the concept fully but this concentrated idle wealth willing to bankroll players until they submit entire industries seems like a consequence of tendency of the rate of profit to fall. There's gotta be some precedent of this kind of behavior before, perhaps the gilded age?
Previously, you could have major war suck up dead capital and destroy useless firms and capital stocks. You could also just conquer some other country as a market for goods and a way to extract cheap labor and resources - now everything is hooked into the global capitalist market other than a few scattered tribes in the Amazon or on the Sentinal islands. They also never had to contend with a worsening climate crisis that threatens the entire world at the same time.
Yeah, I still can't wrap my head around the concept fully but this concentrated idle wealth willing to bankroll players until they submit entire industries seems like a consequence of tendency of the rate of profit to fall. There's gotta be some precedent of this kind of behavior before, perhaps the gilded age?
Previously, you could have major war suck up dead capital and destroy useless firms and capital stocks. You could also just conquer some other country as a market for goods and a way to extract cheap labor and resources - now everything is hooked into the global capitalist market other than a few scattered tribes in the Amazon or on the Sentinal islands. They also never had to contend with a worsening climate crisis that threatens the entire world at the same time.