RE: https://mastodon.social/@nixCraft/116126552546349967

But at least we only spent a trillion dollars on it, right?

Incidentally, if you divert a trillion dollars to something and get "basically zero" economic activity around it, that's not an investment. It's sabotage. It's become the chief manifestation of the capital strike we've all been enduring since, roughly, the first half of 2022.

What's a capital strike? That tends to be the question I get in response to this rant.

You know what a labor strike is, right? It's wielding labor as power, by witholding it, as a bargaining tactic.

A capital strike is the same thing, except with capital.

But, you have to understand what capital actual is. It's not money. Money is a loose proxy for capital, but that's all. Really, capital is control over economic resources. Raw resources, sure. Big industrial machinery, sure. Networks of transportation and communication, yes. And labor.

Money is kind of the exchange medium for all of that. But capital isn't the money, and it's not the resources. It's the power to distort how those resources are used and applied to suit your own interests, at the expense of the other people involved.

@jenniferplusplus And 'free market' means freedom to manage and deploy capital... not money.

@kevin @jenniferplusplus

The rhetorical land mine is the 'free' in Free Market. Markets need to be Fair, not Free. Because people are criminals.

So here's the rule: as varies risk, so must vary regulation, both inside and out. "Capitalists" want less regulation and wonder why people think they're crooks