Capital’s Gravity

Capital, like our too-tricky-to-prove-but-too-critical-to-ignore-quantum-physics-friend the graviton, exhibits certain qualities that have gravitational effects on external parties. Specifically, the more capital that aggregates together, the greater the attractive gravity it has on other external capital (mediated through human decision making). Likewise, the faster capital moves through the channels of a business operation, the more gravity the operation exerts on other capital, so the velocity of capital … Continue reading Capital’s Gravity

Patrimonial Capitalism

Patrimonial capitalism is an unfortunately common state of affairs throughout most of capitalism-as-usual’s history. Due to the laws and regulations in the United States, particularly those regarding inheritance, the amount of familial wealth that gets passed down from generation to generation contributes asymmetrically to those who already have it—the haves. In today’s global economy, the haves will always have more since their more will grow … Continue reading Patrimonial Capitalism