this post was submitted on 30 Jun 2026
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Late Stage Capitalism
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Man covid was devastating
Capital consolidates in crisis. Each crisis, which is fairly regular in capitalism, results in the bigger capitalists buying or squeezing out the smaller capitalists that cannot weather the crisis, resulting in greater centralization and consolidation of capital, and greater absolute disparity.
Kind of weird that it somehow made the rich richer...
Never let a good crisis go to waste they say
Man, seeing this graph that was a literal inflection point where their wealth exploded compared to a literal decade before.
If you zoom out, these jumps and explosions happen following nearly every crisis. It's intrinsic to capitalism.