Thread by @LiberateScot

‼️Here are some handy words‼️

1. Kleptocracy

A kleptocracy is a form of government in which the leaders or ruling elite systematically steal a country's wealth, resources, & public funds for their own personal enrichment, rather than using them for the benefit of the citizens.

If we don’t want to live in a kleptocracy we need to retain our protected legislated human rights to ensure that we have the right the capacity & the vehicle to challenge kleptocrats who get into government

2. Disaster capitalism

The practice of exploiting major crises, wars, or economic collapses to push through controversial free-market policies or profit opportunities that would normally face strong public resistance.

3. Vulture capitalism:

A form of investing that targets struggling or bankrupt companies, buys them cheaply, strips their assets for quick profit, and often leaves workers jobless and communities worse off.

4. Crony capitalism:

A system where business success depends less on competition or innovation and more on cozy relationships with government officials, leading to favouritism, corruption, and policies that benefit connected insiders.

5. Surveillance capitalism:

An economic model where companies collect massive amounts of personal data from users (often without full awareness) and monetise it by predicting and influencing behavior, primarily for advertising profit.

6. Late-stage capitalism:

A critical term describing a phase of capitalism marked by extreme wealth inequality, corporate monopolies, environmental degradation, and absurd consumerist or social outcomes that highlight the system's contradictions.

7. Casino capitalism:

A financial system dominated by high-risk speculation and gambling-like trading in markets, rather than investment in productive, long-term economic activity.

8. Rentier capitalism:

An economy where a significant share of wealth comes from owning assets (land, intellectual property, financial instruments) and extracting rent, interest, or fees from others, rather than from creating goods or services.

9. Predatory capitalism:

Aggressive business practices that prioritise short-term profit by exploiting workers, consumers, or vulnerable communities—through tactics like predatory lending, price gouging, or union-busting.

10. Platform capitalism:

An economy increasingly controlled by digital platforms (e.g., Uber, Amazon, social media) that extract value by connecting users while taking a large cut, often avoiding traditional regulations and labour protections.

@threadreaderapp unroll