e/acc

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity
/eulerlagrange

Funny enough (or not), the earliest appearances of “capitalism” in its modern acception are from Louis Blanc in 1850 (“What I call 'capitalism', that is to say, the appropriation of capital by some to the exclusion of others”); 1/3

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

and Proudhon in 1861 (“Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labor”). 2/3

It’s interesting to note how over time, and perhaps more so in the US, capitalism has boiled down to just the “voluntary exchange of goods and services”, although it’s just but one small part of what the system is (which is, first and foremost, the private ownership of the means of production). 3/3