JenniferplusplusRE: https://mastodon.social/@nixCraft/116126552546349967
But at least we only spent a trillion dollars on it, right?
Or as I said previously
https://hachyderm.io/@jenniferplusplus/115537188922928571
https://hachyderm.io/@jenniferplusplus/115537188922928571
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.
ShadSterling@jenniferplusplus I always forget the actual definition of capitalism, but after reading this post I’ll try to remember it this way: capitalism is the system where control of resources is given to the people with the most money - not the government, not the people affected, not the people who do the work, only the people who hoard the money