>>511052287
the primary economic foundation is poat-1970s Financialization of the global economy. And, after the 2008 collapse (none of its causes were 'fixed' or repaired) "capitalism" is dead buried and gone to heaven permanently. Since the year 2008, all HNW entities, corporations, governments are totally and permanently dependent on endless supplies of debt note fiat currency from central banks.
Whatever this post-2008 condition and global system is, it is not "capitalism"

https://www.youtube.com/watch?v=t6m49vNjEGs

Skids for this were greased during Thatcher-Reagan neoliberalism (offshoring of productive capital assets) and turning Wall Street/City of London into gigacasinos, which was given final phase 1 implementation in 1999 with repeal of Glass-Steagall

>>510592559
>not about the money
No, because it's about the global post-1970s Financialized economic system. Which is totally founded upon debt and speculative debt instruments. After the 1980s global investment banks became casinos (and Epstein had a front-seat role in enabling that)

The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs

Except none of that is the reason industrial society is unstable or on brink of collapse.
(the social/cultural rot is just a symptom of decay)
The real threat is what TK, and some others such as Ellul theorizing along the same lines, failed to fully analyze or account for:
Central banks and post-1970s Financialization of the global economy.

Yes many malthusian / limits to growth theorists had predictions about industrial society and did, correctly, take into account the banking system broadly and its creation of debt.
What they *failed* to account for was the 1980s-and-later dependence of the entire system on speculative debt instruments and infinite issuance of debt note fiat currency by central banks, which is what permits the billionaire class to even exist.
After 2008, 'capitalism' no longer exists. The Real Economy of goods-services-commodities, is today entirely segregated from the vast majority of the world's held wealth in a black box gigacasino of speculative debt instruments.

Global debt market July 2025 is on brink of collapse. No one wants to buy the debt

>>509625460
>memeflag 2 pbtid
>"late stage capitalism"
Read my other posts ^^^upthread.
'Capitalism'<-- ended, died and permanently went to heaven in year 2008. After that all HNW entities, corporations, asset markets, sovereign governments are totally dependent upon endless supplies of debt note fiat currency from private central banks to keep from instantly imploding.

post-1970s Financialization of the global economy has now entered an endgame phase, in which the tandem gigaexpansion of fiscal(gov spending) and monetary(central bank+treasury "moneyprinting") policies can not continue. Interest Payments alone on the debt now outstrip discretionary spending.

>>507867740
>under Reagan
yes the Thatcher-Reagan era ushered in not only neoliberal offshoring of the west's durable goods manufacturing capacity but even more crucially the post-1970s Financialization of the global economy. New, never-before-existed-in-human-history speculative debt instruments such as CDOs, derivatives, credit default swaps, options and other financial confections were created and allowed to exist in the investment bank gigacasino which took place over a decade and were officially formalized with the 1999 repeal of Glass-Steagall.

See my post above. The global economy consists of fiscal(gov spending) and monetary(treasury+central bank "moneyprinting") by *whatever governments* in aggregate around the world. The United States, its spending is a prime focus because USD is the world's default reserve currency denomination, the unit of debt note fiat currency that the entire world relies upon and more than 95 percent of all global transactions—the large HNW ones such as sovereign debt payments, corporate mergers—are completed in.
Post-1970s Financialization of the global economy meant that national governments are incentivized to no longer borrow on the expectation that they will repay, but rather the expectation that they will refinance. This applies to *all* governments/treasuries not merely the United States. Unearned income has become the primary method by which the global economy's top elites, using speculative debt instruments and debt note fiat currencies, are creating wealth and increasing GDP (which is less and less comprised of actual goods/services while more and more comprisd of Financialized debt + speculative instruments). Global debt topped $255 trillion in 2019 and $307 trillion in 2023, more than three times the amount of all global economic output, and total debt levels + deficit spending of past 30 years has eclipsed that of the past few centuries of western civilization.

https://en.wikipedia.org/wiki/Financialization

His writings don't adequately account for the massive force and influence of post-1970s Financialization of the global economy. Yes obviously for a century and after central banks established debt note fiat currency which eventually became worldwide standard for economic transaction and investment, the debt-to-GDP ratio of the world's nations began to exponentially increase. TK and other malthusian/population scientists and writers make note of this.
What he didn't account for was the giga-exponential increase in all of this debt after the 1970s and how it propelled not only economic development but also degradation of the Real Economy of goods-services-commodities in the industrial society, while the banks and Financialized elites .
Now we have a situation—correctly warned against and forecast by TK, others—where a technocracy is in charge of the direction of not only global economic development but the amount of capital shoveled into 'industries' such as "tech" overall, which do not measurably benefit or result in augmentation of the Real Economy of goods-services-commodities. Take for example the current AI hype, it is being forecast that we "need to build nuclear power plants" in order to supply the vast computing power necessary to expand AI (and 'stay competitive' etc.) All of this AI expansion is top-of-the-gigabubble Financialized speculative debt instruments, which are being leveraged to drive this illusory expansion for things that won't even benefit society overall, yet vast amounts of debt capital will be bulldozed into it.
Now, in the 2020s this new pairing of Financialized debt instruments and completely-separate from Real Economy AI, all steered by a technocratic elite, is driving industrial society over a cliff.
Debt (bond) market globally will be the final arbiter of all this.