Global Crisis: The Convergence Of Marx, Kafka, Orwell, & Huxley

Global Crisis: The Convergence Of Marx, Kafka, Orwell, & Huxley

The global crisis is not merely economic; it is the result of profound financial, sociological and political trends described by Marx, Kafka, Orwell and Huxley.
Having stripped labor of earnings and political power and extracted every last scrap of profit from over-capacity (i.e. globalization) and financialization, capital is now completely dependent on money-spewing central banks buying their phantom capital with newly printed currency, a dynamic that will eventually trigger a collapse in the purchasing power of the central banks’ phantom capital (i.e. fiat currencies).
Paraphrasing Wallerstein, “Capitalism is no longer attractive to capitalists.”

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Startup Venture Capital Ponzi Scheme

Startup Bubble Ready to Pop : Startup Boom a “Dangerous, High-Stakes Ponzi Scheme”

“Such is the world of user acquisition in tech today: as growth becomes increasingly expensive, somebody must be footing the bill for all of this wasteful spending. But who?”
“The first, as you might guess, are early stage funds’ limited partners, particularly the ​future​ limited partners that invest into the next fund. Their money, after all, is what pays the VC’s newly trumped up management fee: marking up Fund IV in order to raise money for more management fees out of Fund V, and so on, is so effective because fundraising can happen much faster than the long and difficult job of actually building a business and creating real enterprise value. It might take seven to ten years to build a company, but raising the next fund happens in two or three years.”
“The antidote is two-fold. First, we need to return to the roots of venture investing. The real expense in a startup shouldn’t be their bill from Big Tech but, rather, the cost of real innovation and R&D. The second is to break away from the multilevel marketing scheme that the VC-LP-user growth game has become.”

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