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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 03/10/2026

This creates mounting instability, thanks to the misrule of a shrinking class of increasingly powerful hereditary, unaccountable oligarchs whose whims and follies trump the material and political needs of the vast majority: memex.craphound.com/2014/06/24/t...

memex.craphound.com

Thomas Piketty’s Capital in the 21st Century – Cory Doctorow's MEMEX

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 03/10/2026

That instability eventually reaches a breaking point in which the old order collapses in spectacular fashion, and that collapse destroys vast amounts of capital stock.

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 03/10/2026

Since this breaking point arrives as a result of oligarchy, in which nearly all the world's wealth has been hoarded by a tiny number of people, those aristocrats are disproportionately impoverished by the conflagration.

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