Mastodawn

"... when you talk to people in Beijing, they will ... point to 2 sources of really extraordinary dynamism in the US economy; 1 is tech and the other 1 is fracking. The other one you might add, thirdly, would be financial engineering. These are all zones in which [US]American capitalism ... doesn't encounter much regulation or obstacle, and is worldchanging, or at least has pretensions to be worldchanging."

#AdamTooze, 2026

https://www.nytimes.com/2026/01/30/opinion/ezra-klein-podcast-adam-tooze.html

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#podcasts #EzraKlein

Opinion | Is America’s ‘Rupture’ China’s Moment?

The historian Adam Tooze discusses Davos, China and the fading of an old world order.

The New York Times

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Strypey 4d ago

Fracking and the fossil fuel industry in general - including nuclear - can be framed as a special case of the energy tech industry. Finance is now a wholly owned subsidiary of the financial tech industry ("FinTech" in NewsSpeak).

So what intrigued me when I heard Tooze identity these 3 factors driving US capitalism in 2026 is that they're really all 1; tech. The entire US economy is now a wholly-owned subsidiary of SillyCon Valley technofascists.

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Strypey

As is the US government. In this case, House of Cards got it backwards.

Generally speaking, the power of wealth is dependent on the power of the state and subject to it. But the US state is now totally dependent on the services run out of SillyCon Valley, as DOGE so gleefully exposed. Making it subject to the power of the tech billionaires.

The technofascists didn't go to the inauguration to kiss the ring. They are the Dons. They went to watch their puppets dance (particularly Vance).

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