People, generally with legitimate grievances, forget too easily that the "crony" of "crony capitalism" indicates an intimate bond, and with whom that bond is implied.
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In case "absolute travesty" isn't clear enough, I think eviscerating private capital thoroughly enough would have the potential to not only plunge us into sustained economic catastrophe but also to create what would be aptly called a new intellectual Dark Age
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The violence and instability we could expect from dismantling the social infrastructure is matched by the violence and material + intellectual poverty arising from dismantling capital. Well-meaning but wild swings will rapidly show us that we're not living out the end of history
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I think it's absolutely vital to recognize that the chaos that could be sown by incapacitating US capital would likely cause a *global* Dark Age, because so many other currently-functional economies & innovation-makers abroad rely heavily on the intellectual products of our own
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rn we're functionally subsidizing a lot of the good stuff we see in other western nations, in return for a generally good trade for much of the world's top talent. I won't try to predict the collapse if we suddenly took a hammer to this, but it would go well beyond "shock waves."
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