"The point of all of this [private equity] maneuvering is decreasingly about turning a profit and increasingly about transitioning to a rent-based economy that hedges inflation."
"The reason that so many cloud-based companies are dumping so much money and resources into pushing [AI chatbots] on everyone is to capture the part of our routine that comparison-shops, or researches, or asks for advice, or arrives at a logical conclusion about something.
If you become friends with ChatGPT or Gemini or Rufus or Siri, and you consult with their vast informational resources on a more personal and casual level, you're not only supplying with the purest form of sentiment analysis, but you're helping them build a system that will further control not only your decisions on what to buy or subscribe to, but what hobby you'll take up next summer."
"...and it's worth pointing out that the primary owner of [the US government's debt] isn't China or Japan or even our own Federal Reserve, it's US investors. As this cycle continues to snowball, money will be less and less valuable, not only because of inflation, but in principal. When the government is so closely entangled with the people who have benefitted the most from this mass extraction of wealth from the capitalist economy, it stops making sense to think of wealth as money."
"To graduate - or transcend - from those unfathomable limits of what money's wealth can get you, you need to control the power of information so that you can manipulate the world that you live in. And I beleive that is exactly what's happening, and unfortunately I think it's going to get worse before it gets better."
~ quotes from You Are Witnessing the Death of American Capitalism, by Benn Jordan