As I write, war in Ukraine has turbocharged the mild inflation that came in the wake of the pandemic, thus causing central banks to cease minting new monies. If I am right that it was central bank cash that funded the cloudalists, will cloudalist power recede as the rivers of central bank monies run dry? Could the good old capitalist conglomerates, relying on terrestrial capital, make a comeback? The second question, which I can imagine you putting to me forcefully, is more about language. Is life under the cloudalists’ reign fundamentally different from living under capitalism? Are the
...more
