The Great Simplification with Nate Hagens cover image

Taimur Ahmad: "Energy Inequality in the Polycrisis"

The Great Simplification with Nate Hagens

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The Poly Crisis and the Fictitious Capital Crisis

F fictitious capital is where the monetary financial value of an asset is divorced from the underlying capital or asset you're supposed to represent. I think there's a lot of fictitious capital in that system because our models and theories and narratives are so divorced from how the world actually works. And we argue in debate about what we should do and who is responsible but this layer of fictitious capital fails the true workings of the system and how we got here.

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