“Capitalism is a terrible system – apart from all the fucking others”
The problem Jimmy, is not the investment of capital to further innovation and enterprise, where jobs are created, needs are met and everybody benefits.
The problem is with unregulated, exploitative and rentier capitalism, where the rich get richer and the poor become powerless to better themselves through work.
The balance between the rewards for risking capital and the rewards for hard work have shifted so far in the direction of those who derive their income from what they own and against those who derive their income from what they do, that the scale of inequality is destabilising society.
This can only get worse when AI becomes General and Agentic and the opportunity for the ordinary person to be a part of an innovative, creative and productive community is taken from them.
Will you still be eulogising about capitalism then, Jimmy?
Think about it.
What happens when companies no longer need human resources?
I don’t mean the departments that manage human resources.
I mean the human resources themselves.
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