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
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026But while you can double the wealth of a billionaire at the expense of a town or two, doubling the wealth of a centibillionaire requires the destruction of whole *regions*. 21/ 1439
