RE:
"The single defining feature of modern capitalism is that it acts like the party is almost over. So why stop now?"
I still remember when that dawned on me when reading Graeber's Debt 🤯 People have been saying they are in late-stage capitalism for decades, if not centuries.
It is 100% intuitive that growth and expansion cannot go on forever. But debt as an engine of growth has locked people/organisations/states into extractive behaviour.
Strongly recommend the book and the podcast series!
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kolektiva.social
Champagne Anarchism (@champagneanarchism@kolektiva.social)
The Rise of the Great Capitalist Empires | Debt: The First 5,000 Years (Chapter 11)
Can capitalism ever truly wrestle with the idea of eternity? ...