By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026Financial economies "suck the air out of the rest of the economy and make it less competitive." Keeping billionaires in megayachts comes at the expense of "research, education, infrastructure, and healthcare." 18/ 15512
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026Countries that financialize lag behind countries where the economy is based on making things, not extracting or financing things. Generations of both imperial looting and domestic investment made America the richest country on earth. 19/ 1382
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026That wealth cushioned America's transition to oligarchy: for a while, the country could both "finance and billionaire parasites sucking its blood" *and* continue to invest in itself. 20/ 1301
