The Third Scenario No One Is Pricing In
The AI-and-jobs debate has collapsed into a binary, and the binary is wrong. Both sides miss the scenario the data is beginning to describe: disruption without dividend. Dispatch 002.
Topic
Economics
A collection of 3 issues
There Is Nothing Free About Free-Market Capitalism
The titans of American industry preach the free market while practicing a naked form of government welfare. Nobody creates value anymore — they extract it, and defer the bill. Close the ledger honestly and no large corporation clears the bar.
Storm the Castle: AI and the Death of the Gatekeepers
The castle held not because the knowledge was hard. It held because the moat was expensive. The moat is gone.
For Five Hundred Years, Power Worked the Same Way
Institutional power in modern civilization has run on a single mechanism: information asymmetry. Professionals — lawyers, doctors, accountants, bureaucrats — held specialized knowledge