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> I had not considered the way crypto/nfts have been commandeered to be a side effect of wealth not being able to be allocated fully anymore. If I point out th
by jrochkind1 5y ago
> I had not considered the way crypto/nfts have been commandeered to be a side effect of wealth not being able to be allocated fully anymore.
If I point out that Marxist economic theory talks about a "crisis of capital accumulation" where capitalists (meaning those with capital to invest) don't have enough places to invest their capital succesfully, and that this is related to "financialization" as a method of opening new places to put capital (also in some circumstances "imperialism"), and that in different periods this can go up and down... in the past I usually get down-voted.
- marcosdumay 5y agoThat used to happen periodically at Marx's time. One such crisis was one of the factors that led to the first World War (but then, what wasn't?)