Sublime

Capitalism thinks it’s adaptable, but if it only has one stratagem, endless growth, the limit of its adaptability is irrevocably set. And we have reached that limit. We are therefore at very high risk.

Capital is whatever can be transformed or used to produce goods that satisfy human wants. It can be stored, deployed, and accumulated, because it is productive.

The emergence of capital has at least three notable effects. Firstly, the more capital we succeed in creating — the process is risky, remember, and we can’t guarantee we will create any — the more specialized we are likely to individually become, meaning the less our understanding of supply and demand helpfully extends beyond our own circumstances

Indefinite Finance