We Don’t Want No Plant Investment

In a history of Hungary I read how the nobles believed in extorting and spending, but not in investing. By this I was reminded of how the British pioneers of the Industrial Revolution had neglected to invent or even adopt the Realschule, but instead sent their sons to Eton in order to become gentlemen – that is to say, at best conscientious servants of the Empire, at worst utter parasites.

Well and good, but then it occurred to me to wonder whether finance, that is, the manipulation of unreal fortunes, now plays the same role as land used to, namely sidetracking merchant classes from the business of manufacturing? On the other hand, we do have the modern breed that I call the “techno-sociopaths” (you know who they are). While these are undoubtedly innovating and sometimes even making tangible things, there seems to me to hover an air of unreality over what they do. Should selling new ways to demonstrate status in the monkey hierarchy really count as “goods” in the same way that the Enlightenment had in mind? Or perhaps the singularity-wallahs are right, and when any object can be printed out of thin air, then the only game in town will indeed be preening.

Let us just see the selfie-sharers have to get to grips with the physical world after some civilisational collapse, with Afro-Asian slave labour no longer doing it all for us Eloi.

Monkey Business
Robber Bands
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Posted on January 21, 2021 at 18:45 by Hugo Grinebiter · Permalink
In: MONKEY BUSINESS, Robber Bands Great And Small

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