Archive for April 15th, 2011


The Banksy quote above made me think of the financial sector, which because of its strong monetary capitalization, captures a disproportionate share of human capital and uses it to little societal benefit. I had never thought of this parallel with the advertising industry, but it’s a good analogy for how capital creates sectors that ultimately drain real wealth from society.

Of course, one could also argue that our current labor underutilization is similarly problematic, and it is- what’s more debatable is whether that is a cyclical or secular trend.

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