Capitalism

A Materialist Pamphlet on the 2026 AI Capex Cycle §1. Naming the Crime Marx, Capital Vol. I, Ch. 26: “the so-called primitive accumulation, therefore, is nothing else than the historical process of divorcing the producer from the means of production.” Heidegger, in The Question Concerning Technology, named the second movement: Bestand, or standing-reserve. Once everything that exists is reframed as a resource for technical operation, the human being itself becomes raw material. This is not metaphor. It is the operative concept of every Big Tech earnings call. The user is data. The artist is training material. The worker is a “cost center.” When Mark Zuckerberg told Meta employees on April 30, 2026 that the company had “two major cost centers” (compute and people), he was not being callous. He was being precise. He was reading aloud from the manual. ...

This Is Not a Stock Offering On the SpaceX IPO and what it actually is What’s happening On April 1, 2026, SpaceX confidentially filed its S-1 with the SEC. The public prospectus followed weeks later. The company is targeting a June Nasdaq listing at a $1.75 trillion valuation, raising up to $75 billion, more than 2.5x Saudi Aramco’s 2019 record. Underwriters: BofA, Goldman, JPMorgan, Morgan Stanley. Roughly 30% of shares are earmarked for retail, roughly triple the IPO norm. ...

Jobs displacement fears and wage suppression How tech narratives are used by capital April 29, 2026 Based on video from Mo Bitar Available here https://www.youtube.com/watch?v=NZa5lApeFic Core Thesis The AI job-displacement narrative is a deliberate wage suppression instrument, not neutral forecasting; and token budgets are Goodhart’s Law incarnate as labor surveillance. Dialectical materialist read This is the strongest lens here. Bitar is describing a classic base/superstructure operation: the ideological superstructure (AI will take your job) serves material capital interests without requiring the technology to actually function. The feedback loop he identifies is tight and real — fear narrative → wage compression → freed capital → AI spend → more fear narrative. Each node reinforces the others. No automation needs to actually occur. ...