Back to Liquid Capital

People look at what’s happening and assume that the future is a collapse of the economy and widespread hunger.

But they are mistaken.

Markets reacted extremely well to lockdowns. Markets want lockdowns. Because the capital today is liquid capital. It wants us to get out of the way. It wants to be freed from the constraints of place and physicality. It wants to soar and soar. It wants to move freely and with lightning speed. No, faster, a lot faster than that.

Capital today doesn’t need that many workers. It doesn’t want to be tied to these small businesses that occupy an office or a have a physical location. Almost half of all small businesses have been wiped out, and it’s not even a blip.

The main characteristic of capital is that it wants to grow. And it’s not just any growth. It wants to grow as fast as possible. And that means going digital and transnational. Capital wants to inhabit a world without borders. And increasingly, without workers.

The future is like that cartoon of obese people glued to screens and unable to move or think. Can anybody find it for me? It’s been on Twitter a lot recently.

22 thoughts on “Back to Liquid Capital”

      1. UFC was the exact opposite. They needed land. They were tied to the land. Everything they did was because they couldn’t move away from the land and neither could their opponents.

        Like

    1. I thought the end-game is cryptocurrency, renunciation of private property in favor of debt cancellation by them, a dictated health plan. In other words tyranny and oppression of freedoms, while they expand and accumulate capital. It have also moved to 2028 from 2030!

      Like

      1. The big picture is the destruction of the middle class and moving 60% of the population out of the productive and public life. Or probably closer to 70%, as it looks right now.

        Yes, definitely individual freedoms are gone. They’ve been gone for months, so nothing new there.

        I don’t know about currencies, it’s really not my topic. But something like what exists in China where most people only have “money” within social media networks, definitely. And once you are kicked off social media, no more “money.”

        Like

        1. \ moving 60% of the population out of the productive and public life. Or probably closer to 70%”

          As cliff says, “What’s the end game ” ?

          So those 70% of people will not reproduce and will live shortened lives for numerous reasons, while the future will belong to the successful 30% ?

          Because some advocates for the new order describe a steady state of 70% not working yet being fed, and I just cannot see that being so in the long term.

          Like

          1. “the future will belong to the successful 30%”

            I think part of it is the idea that they scatter crumbs (in the form of UBI) and then compete among themselves in who can get the most back….

            “I just cannot see that being so in the long term”

            Those pushing this are being fueled by greed and hubris and won’t be able to really achieve their dream, but they will do massive economic and social damage (of the kind that takes decades and decades to begin to recover from) as they try.

            Like

          2. Define “long term.” USSR existed for 70 years. Is that long term?

            We have no idea where the technology will be in a 100 years. But we won’t be here either, so who cares? Let’s concentrate on the next 10 years or so.

            The issue isn’t getting fed. It really isn’t. It’s about humans remaining fully human. Or splitting into two races, one of which will be so far ahead, it would lead to extreme ugliness.

            Imagine human beings who have never been anywhere, don’t know anything, and spend their lives since birth glued to a screen and ingesting sugars. We are already half there anyway.

            Like

            1. // Define “long term.” USSR existed for 70 years. Is that long term?

              I do not think 70% glued to screens can exist for 70 years… or even 30 years.

              // The issue isn’t getting fed. It really isn’t.

              A quick Google result gives — ‘Are a cow’s farts the worst for the planet?’ Children’s climate questions answered —

              Why should the superior humans suffer the inferior ones continuing to exist at all? Emitting gases, consuming cheap yet creating-global-warming stuff, contributing to epidemics by eating bats and creating crowds of good-for-nothings, even sometimes engaging in terror against each other or their betters?

              I believe ‘extreme ugliness’ can be genocidal in character, while tech leaders describe a great future of happy UBI receivers living forever like in ‘Brave New World’.

              Like

              1. I’m not a tech leader but I’m with the happy UBI receivers part. It’s a different kind of happy, for sure, but there it is.

                All of these people are actually very much needed because you can’t fine-tune the AI without them. They are precious for these purposes. And after AI there will be another AI and so on.

                As for climate, we can see what a scam it’s been in the celerity with which everybody immediately forgot about this “existential threat” and started filling the oceans with millions of single-use masks.

                Like

  1. What I wanted to say is ”that cartoon of obese people glued to screens” is not a viable future for 70% of humanity in the long term across generations.

    It is not a question of costs.

    Geese are fattened for slaughter, nobody will support crowds of eaters for nothing… specially when surplus people lead to global warming, epidemics and terror threats.

    Like

    1. Why are we debating a distant future we won’t see instead of concentrating on the here and now? This is happening right now. The argument that it might result in something unpleasant generations from now doesn’t lead anywhere. It’s already bad today. That’s the issue.

      Like

      1. // Why are we debating a distant future we won’t see instead of concentrating on the here and now? This is happening right now.

        First of all, I don’t think this future is so distant. If it comes to pass, Klara will see it.

        Second, tech leaders describe their ideological vision of future tech utopia. I think it’s a dystopian vision that will lead to genocidal results if realized. Ideological battles are relevant to hear and now since today’s policies are justified and people are lulled into a false state of security by false prophets of tech utopia.

        And, last but not the least, one of the main pleasures in discussions here for me has always been the widening of horizons, trying to see a larger picture of Whence We Come (Bobbitt’s great book) and Whither We Go (this blog). 🙂

        Like

        1. Nothing annoys me more than this weird rhetorical device of using one’s children in an argument. You probably don’t realize it but it’s deeply annoying. So please, no more.

          The thing is, let’s say everything goes off perfectly. The utopia is realized without a hitch. My point is that this utopia is horrid. It’s horrid if everybody is well-fed and there’s no genocide.

          But the problem is that most people are incapable of understanding why it’s horrid. Everybody agrees that genocide is bad, so what’s there to argue about? But I’m saying that the genocide of minds and souls is also bad.

          Like

          1. // Everybody agrees that genocide is bad, so what’s there to argue about? But I’m saying that the genocide of minds and souls is also bad.

            Agreed.

            And it doesn’t have to be a genocide.

            Even if “most people are incapable of understanding why it’s horrid” (and I strongly disagree with such assessment of the human race), one can show them that destruction of minds and souls leads to (self-) destruction of bodies very fast. See: drugs or even levels of depression among American housewives in the 50ies.

            Like

    2. If people concerned about the mRNA vaccines are correct, we will have a timely reduction in population very soon, then a huge spike in autoimmune disorders and increased difficulty reproducing to follow.

      Liked by 1 person

  2. // All of these people are actually very much needed because you can’t fine-tune the AI without them. They are precious for these purposes. And after AI there will be another AI and so on.

    AI will be able to fine-tune another AI before long at much cheaper prices than supporting millions of people. 🙂

    I am serious here. For instance, you can save a current state of some part of Internet and then do an extrapolation of consumers’ behavior if one does X or Y.

    Besides, if most of the population is turned into lower species, why should anyone care what they want? And if AI will be fine-tuned to work on the higher part of the human race, then only they themselves will need to be used to fine-tune AI with the required precision.

    Wells’s Morlocks were quite different from the Eloi.

    Like

  3. Wait, wasn’t America founded on the myth of self-reliance? The basis for any independence is economic.

    Yet there are still crowds of fools worrying about government taking their guns and thus metaphysically castrating them. They should worry about the ability to make a living instead.

    Guns in the age of drones… 😦 😦

    Like

    1. I live in a Western nation in which gun ownership is severely restricted that is governed by leftist politicians.

      In my experience, it doesn’t matter how hard you try to make a living or pay the bills when the ones in charge can give their highschool drop out friends a job that pays as much as a surgeon, give their political donor friends most of the decent contracts available, and then raise your taxes/levies/duties so that you have to sell your house to pay the bills that they ran up.

      Americans would be fools to give up their guns at this point in time imo.

      Like

  4. “Markets reacted extremely well to lockdowns. Markets want lockdowns. Because the capital today is liquid capital. It wants us to get out of the way. It wants to be freed from the constraints of place and physicality. It wants to soar and soar. It wants to move freely and with lightning speed. No, faster, a lot faster than that.”

    Yeah look, I can’t stand that kind of lofty, giddy language about “markets” and “capital” because I’ve heard too many sales pitches from con artists.

    What is going on today isn’t “liquid capital” or “modern monetary theory” or “quantitative easing” that wants to be “freed” and for us to “get out of the way” or any of that tripe.

    What is happening is counterfeiting and malfeasance, where the ones in charge of the money systems of the world are printing money to give to the “elite” wannabe oligarchic class & their sycophants instead of using monetary policy as intended and framed by law to uphold the economy and achieve full employment.

    In return, as with corrupt politicians, the ones in charge of the banking system, after counterfeiting trillions of dollars so as to help dispossess the ones who are actually productive in this world, receive millions of dollars in payments as “speaking fees” and other made up excuses to pay legal bribes, with the most recent example being Janet Yellen, who was paid more than $7 million for giving speeches to people on Wall Street etc. Well. $7 million is the declared amount.

    As for “the end game”, it depends on what you mean. What is desired by those in charge is to basically print infinite money for themselves, buy the world with it, and sprinkle money around to those who are needed for their own luxury and survival in the same way the Chinese leadership does.

    As i recall though, some emails were leaked of members of the European Central Bank discussing Germany and Greece a few years ago, where it was revealed that the ones running the financial system aren’t genius masterminds, but rather just your regular common crooks/idiots, which means that they don’t have the skill to plan and pull the heist off.

    What that means then is economic turbulence, possible flashes of war, massive civil unrest, and then some kind of negotiated agreement to stop regular people from killing the leadership that will last a few years, followed by the next round, when the ones in charge will try again in some slightly different way probably using different technology.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.