"The single defining feature of modern capitalism is that it acts like the party is almost over. So why stop now?"
I still remember when that dawned on me when reading Graeber's Debt 🤯 People have been saying they are in late-stage capitalism for decades, if not centuries.
It is 100% intuitive that growth and expansion cannot go on forever. But debt as an engine of growth has locked people/organisations/states into extractive behaviour.
Strongly recommend the book and the podcast series!
The Rise of the Great Capitalist Empires | Debt: The First 5,000 Years (Chapter 11)
Can capitalism ever truly wrestle with the idea of eternity? Let's talk about the period of the rise of the great capitalist empires, and David Graeber's Debt -- Chapter 11!
This week we're talking all of the silver being sent to China, whether conquistadores were actually all that bad, Martin Luther (what a guy), and the capitalist apocalpyse.
YouTube: https://www.youtube.com/watch?v=JSN-KmmWzjA
Patreon: https://www.patreon.com/posts/great-capitalist-143546772
Spotify: https://open.spotify.com/episode/0ATsVCSMzCQYXfpgsKJeOJ