I think i generally agree with that take. One small correction though:
to attack industrial capital […] like the real estate thing
I don’t think real estate counts as industrial capital, from my understanding it falls under the FIRE (finance, insurance, real estate) category of parasitic capital.
I think i generally agree with that take. One small correction though:
I don’t think real estate counts as industrial capital, from my understanding it falls under the FIRE (finance, insurance, real estate) category of parasitic capital.
No, i mean the people building houses stupidly by taking out loans and paying them off with construction that would be delayed.