Innovation was only ever a small part. Rent-seeking is more fundamental to capitalism than “innovation” is. It’s just more brazen than we remember from our childhoods.

me to gen Z:

bullshit you dont defrag, you never fucking defragged

I know some of these numbers

“The mine owners did not find the gold asteroid, they did not mine the gold asteroid, they did not mill the gold asteroid, but by some weird alchemy all the gold from the asteroid belonged to them!”

Bill Haywood

Yeah, that is exactly what I’ve thought of Yanis V’s “critique” as well. Well said

It’s a kind of rebrand of Marxism that is missing out on some important points, even the defining elements of capitalism which are still in place. Like, he is saying capitalism is not capitalism anymore? His idea is that capitalism has been “killed” which is disingenuous at best (if he’s just using it as hyperbole) and completely wrong at worst, since we are indeed still broadly in the thick of it. It does seem sorta like he just wanted to sell a book or hear himself talk etc.