sexual violence is THE patriarchal technology of oppression. wherever there is any kind of oppression--colonialism, genocide, capitalism, the state, the police--there is sexual violence as its frontline operative mechanism. the child is THE archetypal object of legitimate disciplinary violence.

we have GOT to stop thinking about this in terms of hypocrisy because that's not what's going on! we NEED to understand why pedo apologia is so rampant in anti-trans pseudoscience, why abuse is so rampant in the home, why child marriage is still legal across the country etc.

or i guess more relevantly here, karl marx recognized capitalism as a *new and distinct* phenomenon, something radical and different which was sweeping away an old shitty order

these days you ask people what capitalism is and they'll give you a definition indistinguishable from feudalism

marx was anti-capitalist in the sense that he longed for what (he thought) would come after; these days it seems many anti-capitalists are anticapitalists insofar as they long for what came before

Which is all to say: yes the real economy is hurting, but the markets respond to speculation rather than reality. (Also another way to think about it: No Bank wants to be the first to announce "no more loans because we gave out too many bad loans." You can't be the one who kills the economy).

speculation (OpenAI, SpaceX) etc, and so that needs to get funneled into public markets somehow—and that's why it becomes almost entirely on NVIDIA's stock to represent "AI." (Which is why all the major firms are trying to push 401ks and Pensions into private credit to cover the spread).

Obviously what we see is that "market up" but in reality what we are seeing is "extreme reactions on More News" existing. Because more and more traders are betting on short term bets rather than long term investing, that can easily drive a market crunch. Plus we can't see all the private market

I think others have pointed to the general causes (speculation), but I think Matt Levine's thesis is important here: we actually have volatility based on extreme financial news (tariffs, wars, AI announcements) that thus encourage high yield betting rather than long term investing.

tbh it's not even that directed, it's just a direct correlation between labor and locality. All medical labor is local, same with colleges, etc etc. The further you go down the list, the less local the labor is.