I mean capitalism is always facing crises like this, and uses whatever means necessary to overcome them. You’ll hear talk in bougie rags about “opening markets”, “creating markets”, etc, that’s often about weathering an overproduction crisis by offloading commodities somewhere else.
The marketing boom that helped create the hyperconsumerist society of the West was a way of dealing with overproduction by artificially bolstering consumption.
So, capitalism runs out of commons to enclose, it runs out of places to expand into, resources to process, people to buy the goods, etc; it finds or creates new commons, new frontiers, new markets. Technology will unlock new domains of expansion, each more abstract from the last. Some so abstract that they’ve lost all semblance of the original relationship they’re trying to simulate (NFTs). Wars will destroy infrastructure and allow capital to flow in, consolidate, rebuild, continue the process.
There’s not a single peak, more like an ebb and flow, creation and destruction. A fungal fractal expanding in every direction and every dimension.
I mean capitalism is always facing crises like this, and uses whatever means necessary to overcome them. You’ll hear talk in bougie rags about “opening markets”, “creating markets”, etc, that’s often about weathering an overproduction crisis by offloading commodities somewhere else.
The marketing boom that helped create the hyperconsumerist society of the West was a way of dealing with overproduction by artificially bolstering consumption.
So, capitalism runs out of commons to enclose, it runs out of places to expand into, resources to process, people to buy the goods, etc; it finds or creates new commons, new frontiers, new markets. Technology will unlock new domains of expansion, each more abstract from the last. Some so abstract that they’ve lost all semblance of the original relationship they’re trying to simulate (NFTs). Wars will destroy infrastructure and allow capital to flow in, consolidate, rebuild, continue the process.
There’s not a single peak, more like an ebb and flow, creation and destruction. A fungal fractal expanding in every direction and every dimension.