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Many people have noted that innovation in the modern world is slowing down. If you look at the technological progress made from 1920 to 1970, compared to the fifty years following, it’s clear. There have been fewer major innovations. Peter Thiel was hoping for flying cars but all he got…


It seems like everybody under thirty has had enough of capitalism. It perpetuates inequality by underserving minorities, it causes massive environmental damage by externalizing factors like pollution, and it seems to result in vast sums of money going to a small elite. American capitalism certainly seems to be floundering when…


Elon Musk is worried that robots will take over the world — or more precisely, that machine intelligence will become so advanced, that it will realize that humans are in the way, and will eliminate them. Musk isn’t the only one who’s worried, even though many experts say it’s not…


If you follow the news at all in these turbulent times, you’ve certainly heard the endless talk about economic growth. In order to get elected, politicians must promise it; in order to get ratings, journalists must talk about it; and in order to get tenure, economists must study it. Economic…


What Does Really Late Stage Capitalism Look Like?

Late stage capitalism is a term we hear often these days. We’re apparently in it, and it’s different than the capitalism of a hundred years ago. Originally, capitalism didn’t have brands, built-in obsolescence, social media influencers, and fast fashion. Our capitalism is…

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