Clarissa's Blog

Every day more and more people are clocking on to the nature of liquid capital:

It is a fairly easy thing for an established American business to move its corporate domicile to some other country. . . It is also a fairly easy thing for a new business being founded by Americans to incorporate in some other country from the beginning. There is no insurmountable reason for, say, Microsoft or Altria (formerly Philip Morris) to be domiciled in the United States. Silicon Valley’s competitive edge comes from people, and people are mobile.

This is why the fantasies about taxing big business or the hyper-fluid elites to fund welfare programs are dishonest at worst and quaintly antiquated at best. The solid stage of capitalism that allowed for this kind of thing is over. You can’t treat the capital of the 2020s like you did the capital of the 1940s.


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About jamesbradfordpate

My name is James Pate. This blog is about my journey. I read books. I watch movies and TV shows. I go to church. I try to find meaning. And, when I can’t do that, I just talk about stuff that I find interesting. I have degrees in fields of religious studies. I have an M.Phil. in the History of Biblical Interpretation from Hebrew Union College in Cincinnati, Ohio. I also have an M.A. in Hebrew Bible from Jewish Theological Seminary, an M.Div. from Harvard Divinity School, and a B.A. from DePauw University.
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