After Technology Destroys Capitalism

Things that make you think.


In honor of May Day, let’s think big for a moment. No, no, no. Bigger than that.

Consider all the furious attention paid to economic inequality of late, courtesy of Thomas Piketty and Capital in the 21st Century. He argues that increasing inequality is an inevitable outcome of laissez-faire capitalism, and proposes we fix this with a global wealth tax.

I humbly suggest that he’s thinking much too small, and that the 21st century will be far too transformative to be contained within the worn and shabby walls of capitalism.

…Given that intro and title, I should quickly disclaim: I am, in fact, a big fan of capitalism. I don’t think it’s possible for anyone to have traveled across as much of the developing world as I have without being convinced of the enormous benefits (on the whole) of technology-powered capitalism and/or capitalism-powered technology, which have made billions…

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