Tag: Democracy
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Democratization is A Trojan Horse for Wealth Concentration
The contemporary call for the “democratization of finance,” widely championed by FinTech firms, proponents of decentralized assets, and even the President of the United States is founded upon a fundamental political deception. It substitutes technical access to markets for structural power, the collective capacity to control the allocation of credit and capital. Rather than being…
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The People’s Portfolio: Social Wealth Funds as Collective Capital
In February, President Trump announced the intent to establish a sovereign wealth fund for the United States. More recently, the Commerce Secretary announced that the U.S. had taken a 10% ownership share in Intel. The acquisition of the microprocessor juggernaut’s equity is part of a larger plan to acquire more strategic companies as a “down…
Fictitious Capitalist 