Wealth extraction is a recurring institutional failure mode that predates capitalism by millennia. Hell, it looks like it predates humanity. Capitalism is just the current operating system running old...
But that doesn't work because it's a deeper institutional pattern and we need structural mechanisms which understand this. Solutions must assume the extraction will come back, because it always has.
AI is the next great extraction engine. We can see it coming because this has been happening for thousands of years. The working title is Bread, Circuses, and GPUs. I thought about naming it "4,000 Years of Enshittification," but that felt too opportunistic. 7/8
AI is the next great extraction engine. We can see it coming because this has been happening for thousands of years. The working title is Bread, Circuses, and GPUs. I thought about naming it "4,000 Years of Enshittification," but that felt too opportunistic. 7/8
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