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Post #3466184

2025-10-25 18:56 UTC

#FollowTheMoney 🧵76/n i have just ordered the book (Counterrevolution) - i really feel it’s so important to get a grounded understanding of how this world that we now all live in was created - and, as Melinda Cooper brings out so clearly: none of this was inevitable, it was all done, bit by bit, on purpose. This doesn’t make it any easier to undo necessarily but understanding all this is surely a first, key step. Here also Katrina Forrester’s review in the LRB https://www.lrb.co.uk/the-paper/v47/n12/katrina-forrester/i-appreciate-depreciation

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  • #FollowTheMoney 🧵77/n This piece really chimes with Melinda Cooper’s analysis ⬆️ (74-76) and many previous posts: it’s about how asset capitalism (and AI) is hollowing out the middle class, with a small number joining the elite, the rest working increasingly on close to minimum wages. Also speaks to my own recent experiences… and many others too, I imagine. Especially recent graduates. The whole university>white collar job>decent salary model is crumbling. https://www.theguardian.com/commentisfree/2025/nov/03/the-guardian-view-on-britains-new-class-divide-the-professional-middle-is-being-hollowed-out?CMP=Share_iOSApp_Other

    Open ##3466183