A modern Achilles: The savings glut and the paradox of capitalist development

I would like to consider a paradox. On the one hand, prices are driven by demand for the product, and thus for the expenditure of savings from the income of labour. On the other hand, prices are shaped by the accumulation of savings which are diverted from ordinary spending to extraordinary spending on financial commodities. … Continue reading A modern Achilles: The savings glut and the paradox of capitalist development

Follow no one, not even yourself: How to be right about more-or-less anything, most of the time

First published on 24 October 2022. A lot of people try to make predictions about the future based on observations about the past. Of course, however, the only reality we truly experience is the present. But the present is the past moving forward to the future. This ineluctable truth reveals the inexorable flow of time. … Continue reading Follow no one, not even yourself: How to be right about more-or-less anything, most of the time

The tyrant and the totality: Which would win? And how can both lose, and freedom reign?

I would like to consider a paradox. If a tyrant goes to war against a totalitarian regime, in order to destroy it and create a new balanced order, which would win: the temporary tyranny, or the semi-permanent totality? Which would endure — cleansing fire, or watery deluge? The fire is the tyrant’s weapon of choice; … Continue reading The tyrant and the totality: Which would win? And how can both lose, and freedom reign?

Labour without complications: Theses on the new proletarian economy

It has occurred to me the world is indelibly stupid and so, probably, am I. Friedrich Engels, colleague and interpreter of Marx. My theory is as follows: economic precarity makes people say what they really think because the energy they would spend self-censoring is instead spent on grinding / grifting / gigging / etc. Therefore, … Continue reading Labour without complications: Theses on the new proletarian economy

The Itaewon tragedy, the sinking of the Titanic, and the new interwar years

The Itaewon tragedy in Seoul has shocked South Korea and the world as it is revealed 153 people died as a result of over-congestion related to Halloween festivities. As the West mourns a boring Halloween, Korea finds itself mourning losses that mirror the tragedy at Travis Scott’s Astroworld festival last year at which 10 died, … Continue reading The Itaewon tragedy, the sinking of the Titanic, and the new interwar years

The 90s are back, kinda

The 1990s were full of crazy ideas. The ‘end of history’, the ‘clash of civilizations’, and the ‘coming anarchy’ could not all be true, right? But they were all true. We are, as another 90s prophet argued, ‘back to the future’. The 90s are back, baby. Well, kinda. Let me explain. Welcome to the 20s. … Continue reading The 90s are back, kinda