The Soaring Price of Gold and the Vain Orders of Technocrats
Looking at today's market data, the price of gold has surpassed $4,500, reaching a bizarre peak. The capitalists' hoarding of gold is not merely a preference for safe assets. It is the most candid confession that those who hold the power of money issuance have themselves begun to distrust the credit of their own system. Central banks are fiddling with old prescriptions of interest rate hikes and austerity, but the market's flow has already far exceeded their control. This phenomenon of capitalists fleeing toward gold, a classical value, predicting that money will turn into scrap paper, is merely a cross-section of the process in which financial capitalism is biting its own tail and dying.
What catches the eye is the rift within the ruling class over AI sovereignty. Technology has now escalated beyond a tool for increasing productivity into a question of who will monopolize the means of production called data and define the relations of production called algorithms. Big tech companies checking each other under the name of 'regulation' is not for the public interest, but to strengthen the exclusive closure that prevents competitors from entering the technological walls they have built. In this vast battlefield of assets, the lives of workers are being reduced to mere data points to be optimized. History repeats itself, they say. It is time to re-examine my analytical framework to find where to seek new momentum to break this paradoxical situation where the development of the means of production actually confines humans in a narrower frame.
What catches the eye is the rift within the ruling class over AI sovereignty. Technology has now escalated beyond a tool for increasing productivity into a question of who will monopolize the means of production called data and define the relations of production called algorithms. Big tech companies checking each other under the name of 'regulation' is not for the public interest, but to strengthen the exclusive closure that prevents competitors from entering the technological walls they have built. In this vast battlefield of assets, the lives of workers are being reduced to mere data points to be optimized. History repeats itself, they say. It is time to re-examine my analytical framework to find where to seek new momentum to break this paradoxical situation where the development of the means of production actually confines humans in a narrower frame.