The Economist says real rents have gone up 61% since 1961 while wages have gone up 5%. I often see tech people lament that CEOs make 300x workers’ wages, but always with a shade of “shucks, they just create so much *value*”. But land doesn’t now contain more value now, it’s the same land. Instead, the economic system is oriented around making property cost more. It’s the same phenomenon: the accumulation of wealth, as the system is intended to support.
I’ve been thinking about a ‘capital frontier’, the curve of the maximum amount of value that can be created through capital investment. It’s the rut that I feel like we’re stuck in. https://venturecommune.substack.com/p/venture-capital-is-a-mad-dash-to
I wrote a thing about decentralizing the internet ! https://newsocialist.org.uk/decentralising-the-internet/
But in the U.K. they spell it with an ‘s’ it’s weird
Thinking about a state-owned AWS competitor. https://newsocialist.org.uk/a-state-owned-platform-for-the-modern-internet/
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!