Reposted by Gavin Daly
“Capital is caught in a contradiction it cannot resolve on its own terms. It requires endless growth to service debt & justify valuations, but the real economy is post-productive—no longer capable of generating the surplus that endless growth demands.” #degrowth
open.substack.com/pub/savagemi...
open.substack.com
Until the Paper Itself Tears
AI Debt Bubble and the Post-Productive Economy