This. This is a point that very very few people seem to understand.
The vast majority of the "magic of compound interest" for holders of capital (that doesn't come from fiat mint) comes from the leverage of regularizing labor, and to some extent, regularizing consumption.
The vast majority of the "magic of compound interest" for holders of capital (that doesn't come from fiat mint) comes from the leverage of regularizing labor, and to some extent, regularizing consumption.
By "professionalizing"/"regularizing", we scale revenue without scaling labor or operations cost. This scale is of ultra importance to investors, but not to workers, who generally desire affective labor over being a cog in someone else's machine (no matter how well oiled).
And unfortunately, AI and software are perfectly positioned to drive the cost of this labor to zero.
This dynamic can only be broken if a different ethos replaces "transactional consumption". That is the chicken from which the egg of post-Marxist freedom will be laid.
This dynamic can only be broken if a different ethos replaces "transactional consumption". That is the chicken from which the egg of post-Marxist freedom will be laid.
