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🎛️ To Get Abundance, We Need to Discipline Capital
#economics

To Get Abundance, We Need to Discipline Capital
Concerned to increase the supply of housing and improve infrastructure, some on the Left have come to embrace the “abundance agenda.” But what capital needs is discipline, not deregulation.

Sources: Chord Music Partners, a music rights investment vehicle, raised $2B so far in a round due to close in October; Searchlight Capital has invested $400M (Murray Stassen/Music Business Worldwide)
https://www.musicbusiness…

Exclusive: Chord Music Partners raises $2 billion+ in investable capital… with another $1 billion+ on
Chord has raised the sum via a funding round due to close in October…

Trump is modeling Chinese state capitalism and there's no going back (Long Le/The Hill)
https://thehill.com/opinion/finance/5501098-us-china-state-capitalism/
http://www.memeorandum.com/250914/p45#a250914p45

Packers predicted to trade Pro Bowler, significant draft capital to Cowboys for Micah Parsons https://www.sportingnews.com/us/nfl/dallas-cowboys/news/packers-predicted-trade-pro-bowl…

So the tech bros love capitalism and also apparently think some combination of AI and robotics can (and should!) replace all jobs (bar their own OFC) to maximise profits. But if nobody earns any wages, how in this "wonderful" future capitalist world will anyone afford to buy all their products and services?
I mean, they see the flaw, right… right!?
P.S. Yes, I realise most of the people who read this will have already thought of this and I am largely "preaching to …

Signs on Capital Crescent Trail next to Kenwood. (Neighborhood that led successful fight to partially reverse road diet on Little Falls Parkway, road where prior to road diet cyclists & pedestrians crossing on trail were repeatedly hit, one killed, by drivers.)

Read "What went wrong with capitalism" by Ruchir Sharma.
A mildly interesting description of the major events in world an US economics in the last 50 years. Might
be a fair summary for anyone who didn't live through it or has a poor memory.
In short he thinks what went wrong was government bailing out failure leading to massive debts and increa
sed inequality.
Governments took over all the things instead of letting capitalism sort them out, he reckons, and wheneve
r a big industry or company fails you just get socialism for the rich and a bail-out from new printed money.
Easy cheap money, constant bail-outs, government intervention, leading to zombie companies racking up every larger debt to exist, billionaires who can't fail due to government support, and a stock market that's up-only bringing a flood of inefficiently-allocated capital.
Is he right? I mean, maybe, sort of. But when an industry really can't be allowed to fail, say water supply and waterway management, allowing private capital to extract maximum resources from it isn't the best method to manage it in the first place. No wonder they need bail-outs. Capitalism fails here because capitalism isn't the right solution here. We need publicly owned national services, not robber barons without
bailouts.
So, you know, half right. Perhaps these are some of the reasons why capitalism fails, but also we shouldn't even be trying to apply capitalism to every single thing in the first place.
#reading #capitalism #economics #RuchirSharma

#Damascus is the capital and largest city of Syria. It is the oldest capital in the world. Known colloquially in Syria as aš-Šām (الشَّام) and dubbed, poetically, the "City of Jasmine" (مَدِيْنَةُ الْيَاسْمِينِ Madīnat al-Yāsmīn).
Damascus is a major cultural centre of the Levant and the Arab world.

Trump is tightening the screws on corporate America -- and CEOs are staying mum (Maria Aspan/NPR)
https://www.npr.org/2025/08/14/nx-s1-5501591/trump-corporate-america-capitalism
http://www.memeorandum.com/250814/p30#a250814p30

The GAO launches a probe into USAGM for potential overreach; sources say congressional staffers warned Kari Lake that she illegally used appropriated funds (Scott Nover/Washington Post)
https://www.washingtonpost.com/business/2025/08/14/kari-lake-voa-cuts-lawsu…

Kari Lake defends VOA cuts in court after warnings from Capitol Hill
As Trump lieutenant tells a federal judge she is following the law in dismantling the VOA, emails obtained by The Washington Post show staff on Capitol Hill warned her about overstepping.