Pluralistic: Economic probabilities for our grandchildren (03 Oct 2026)

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Originally published at: Pluralistic: Economic probabilities for our grandchildren (03 Oct 2026) – Pluralistic: Daily links from Cory Doctorow



Today's links

  • Economic probabilities for our grandchildren: If only data centers would stop hogging all the copper.
  • Hey look at this: Delights to delectate.
  • Object permanence: RIAA v P2P; Infoseek's anti-terror brain-scanner; Copyrighting every phone number; Carving pumpkins with cookie-cutters; Polish women go on strike; Latent labor in material world; Hitler's meth; "Flying Saucers Are Real!"; Hope, not optimism; Broadcast Flag talk; David Suzuki's free research; "Inquisitor's Apprentice"; California's tax ban made the rich MUCH richer; Union organizers caught Wells Fargo; Power poses aren't real; "Ghosts"; Criticizing tech; "Savage Love A-Z."
  • Upcoming appearances: Brighton, Virtual, South Bend, Hudson, Calgary, Winnipeg, Paris, OVancouver, Victoria, Ottawa, Kilkenny, Montreal.
  • Recent appearances: Where I've been.
  • Latest books: You keep readin' em, I'll keep writin' 'em.
  • Upcoming books: Like I said, I'll keep writin' 'em.
  • Colophon: All the rest.


The Earth from space; it is covered in scaffolding that is crawling with little rude mechanicals ganked from 17th century engravings of people operating machines.

Economic probabilities for our grandchildren (permalink)

The post-war "peace dividend" owed its existence to three factors: industrial capacity, political freedom and pent-up demand.

  • Industrial capacity: freed up by the war's end and the collapse of demand for munitions and materiel;

  • Political freedom: the war's orgy of capital destruction of the majority of the wealth (and thus the power) of the world's oligarchs;

  • Demand: Making up for years of neglect and privation during the war required new production of infrastructure and consumption goods.

In Capital in the 21st Century, Thomas Piketty and his students analyzed painstakingly assembled records of 300 years' worth of capital flows, showing that wealth tends to pool in the hands of the already-wealthy. This creates mounting instability, thanks to the misrule of a shrinking class of increasingly powerful hereditary, unaccountable oligarchs whose whims and follies trump the material and political needs of the vast majority:

https://memex.craphound.com/2014/06/24/thomas-pikettys-capital-in-the-21st-century/

That instability eventually reaches a breaking point in which the old order collapses in spectacular fashion, and that collapse destroys vast amounts of capital stock. Since this breaking point arrives as a result of oligarchy, in which nearly all the world's wealth has been hoarded by a tiny number of people, those aristocrats are disproportionately impoverished by the conflagration. If 90% of the wealth is in the hands of 1% of the people, a war or disaster that wipes out most capital will mostly destroy the wealth of the 1%. The poor suffer terribly, but they start with nothing – and end with nothing.

We are clearly steaming into one of these situations. The wealthy squandered two generations preventing the world from taking the climate emergency, and now the inevitable has arrived. California is on track to see a 12 inch sea-level rise in the next month:

https://www.theguardian.com/us-news/2026/sep/30/california-kelvin-wave-sea-level-rise

That's just the overture to the American run of this year's "Super El Nino," a blockbuster whose out-of-town previews have been slaying massive crowds all over the world:

https://www.theguardian.com/world/2026/oct/03/bangkok-thailand-floods-breaking-point-stagnant-lakes

Also right on schedule: the misrule of oligarchs has elevated a con-man to the presidency, who trumps every other president for both corruption and incompetence. From oil to dollars, telecoms infrastructure to the internet itself, Donald Trump is doing everything in his power to end the American empire:

https://pluralistic.net/2026/05/16/technopoly/#trumpismo-is-praxis-question-mark-exclamation-point

A post-American world is on the horizon. What that world will look like is undecided. The US was always a wildly defective trusted third party, but it retained its status as the world's platform for generations thanks to the absence of credible alternatives. Now – as Mark Carney told the Davos crowd last year – the old system has "ruptured":

https://www.weforum.org/stories/forum-institutional/davos-2026-special-address-by-mark-carney-prime-minister-of-canada/

What will replace the dollar?

https://pluralistic.net/2026/02/11/post-dollar-world/#de-dollarization

What will replace oil?

https://pluralistic.net/2025/10/11/cyber-rights-now/#better-late-than-never

What will replace the internet?

https://pluralistic.net/2026/01/01/39c3/#the-new-coalition

No one knows. No one can know, because this is all up for grabs. The future isn't something that happens to us. The future is something that we make. And despite the horrible death toll that's locked in by waves of climate shocks – presided over by the dying, fumbling "drink bleach" guy – it's conceivable that the future we get will be a good one, if not an easy one.

A post-oligarch, post-American world could be a post-austerity world, one where we recognize that the limiting factor on public investment isn't money, but resources: energy, material, labor, expertise:

https://www.youtube.com/watch?v=FATQ0Yf0Fhc

Just as the post-war world led to the "30 glorious years" by mobilizing people and material to rebuild a shattered world and shattered lives, a post-American world might be one in which we find full, meaningful employment for all of us, all of our children, and all of their children:

https://en.wikipedia.org/wiki/Trente_Glorieuses

As seas rise, we're going to have jobs for every person who is willing, building sea defenses and moving whole coastal cities inland. Two generations of neoliberalism has left us with massive shortages of housing stock, crumbling highways, inadequate schools and hospitals. That means that we need to build lots more of these, and they can be built with state-of-the-art climate hardening, including geothermal heat, "passive home" designs, modern insulation, and heat-pumps. The rights-of-way for the interstate system would make dandy railbeds for arrow-straight, all electric high-speed rail powered by solar, wind and tides.

All of this has the potential to yield a second peace-dividend prosperity. A post-oligarch world can recover industrial capacity by diverting it away from destructive activity (data centers, luxury housing) to essential functions (climate defenses, decent housing for everyday people). A post-oligarch world can recover democratic excellence by removing the malign influence that morbid wealth exerts on our policy choices: for example, if we don't like the quality of public schools, we can fix them by giving schools more resources, not by letting billionaire dilettantes privatize and starve them in the name of "school choice":

https://pluralistic.net/2026/03/09/autocrats-of-trade-2/#witness-the-firepower-of-this-fully-armed-and-operational-battle-station

Finally, a post-oligarch society can provide us with an even more inclusive version of post-war prosperity: we can use the wages we earn by building a better world to acquire new homes, induction tops, EVs and ebikes, and beautiful heirloom computers that are built to last for generations, upgraded and maintained by their users:

https://www.edn.com/as-moores-law-slows-open-hardware-rises/

This is a world of material abundance and prosperity. Just as the post-war world made millions of people comfortable, educated and happy by putting them to work clearing the rubble and building something better, a post-oligarch, post-American world can offer us all all the hard, rewarding work we want, performing the essential work of care and rebuilding. We'll find that work by helping hundreds of millions of climate refugees, who will find work helping each other. This is all economically valuable, environmentally sustaining labor that we have labor, energy and expertise for. It's just that all that labor, energy and expertise is being misallocated by the ultra-wealthy who don't even believe that the majority of us exist, and who want to bet the planet and our species on a bizarre scheme to feed so many words to the world-guessing machines that they wake up and become gods:

https://pluralistic.net/2026/05/13/vibe-governance/#k-hole

Nearly a century ago, John Maynard Keynes published "Economic Possibilities for our Grandchildren," where he extrapolated from rising productivity to predict a fifteen-hour work-week within two generations:

http://www.econ.yale.edu/smith/econ116a/keynes1.pdf

That dream was destroyed by war and greed. Today, we are submerged in an ocean of debt. I'm not talking about the (fictional) "national debt" that is just a measure of all the dollars the government has spent into existence without taxing out of existence:

https://pluralistic.net/2024/10/21/we-can-have-nice-things/#public-funds-not-taxpayer-dollars

I'm talking about fiscal debt: the solar we didn't build, the carbon we emitted instead; the rail we didn't build, the wildly inefficient aviation we substituted; the walkable, livable, transit-oriented cities we didn't build, the car-choked disasters we built instead. Oligarchic opposition to universal health-care left us sick, with un- or undertreated illnesses and missed opportunities for prevention that left us with overlapping, population-scale health crises. All of this is debt that must be repaid: we can't walk away from it through bankruptcy. We must build the transit, cities, and systems of care – the infrastructure – our species needs to carry on human civilization. We can't keep hitting snooze on this, lest we are finally awoken by seawater lapping at our pillows.

The world we're in today is awful and terrifying. It's awful because of the climate ruptures we're living through. It's terrifying because we didn't just fail to avert this crisis – we did nothing to prepare for it, either.

As Piketty foretold, the misrule of oligarchs has led to an orgy of destruction, and while poor people will get the worst of it, oligarchs will pay the most, because they own nearly everything, which means they own everything that will be destroyed, too. None of that is good, and it would be better if we hadn't gotten into this situation in the first place.

But after a forest fire, the canopy opens; and when it does, the seedlings that were overshadowed for centuries by the old growth can sprout in the ashes and the sun. We can't afford to continue living under oligarchy, and as oligarchs' greed and folly drives the old system beyond its breaking point, we must seize the opportunity to build a better successor.

Hey look at this (permalink)


A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#25yrago Leak: RIAA's anti-P2P strategy https://web.archive.org/web/20011019060035/https://www.dotcomscoop.com/riaa1003.html

#25yrsago Infoseek founder: my brain-scanner can find all the terrorists https://web.archive.org/web/20011009025805/http://www.theregister.co.uk/content/55/22020.html

#25yrsago Copyrighting every possible phone number as a touch-tone tune https://web.archive.org/web/20011007073546/http://www.theage.com.au/entertainment/2001/10/04/FFX0PGT0CSC.html

#20yrsago What happens to password-locked data when you die? https://web.archive.org/web/20061106235805/http://news.com.com/Taking+passwords+to+the+grave/2100-1025_3-6118314.html

#20yrsago Audio of activist lawyer talk on Broadcast Flag and Chilling Effects https://web.archive.org/web/20061005074245/http://uscpublicdiplomacy.com/index.php/events/events_detail/1859/

#20yrsago David Suzuki: Steal my research – that’s what it’s for! https://web.archive.org/web/20061020144546/http://www.davidsuzuki.org/about_us/Dr_David_Suzuki/Article_Archives/weekly09290601.asp

#20yrsago Interdisciplinary DRM blog from my USC students https://uscpubd510.blogspot.com/search?updated-max=2006-08-24T14:59:00-07:00&max-results=7&start=91&by-date=false

#15yrsag Inquisitor’s Apprentice: tenement sorcerers versus the robber barons in an alternate Gilded Age New York https://memex.craphound.com/2011/10/04/inquisitors-apprentice-tenement-sorcerers-versus-the-robber-barons-in-an-alternate-gilded-age-new-york/

#15yrsago Context: Further Selected Essays on Productivity, Creativity, Parenting, and Politics in the 21st Century https://memex.craphound.com/2011/10/03/context-further-selected-essays-on-productivity-creativity-parenting-and-politics-in-the-21st-century/

#15yrsago Unicode’s “right-to-left” override obfuscates malware’s filenames https://krebsonsecurity.com/2011/09/right-to-left-override-aids-email-attacks/

#15yrsago HOWTO carve a pumpkin by hammering cookie-cutters into it https://web.archive.org/web/20200916004345/https://www.foodnetwork.com/fn-dish/shopping/cookie-cutter-pumpkin-carving

#15yrsago Shell funded warring militias in the Niger Delta https://web.archive.org/web/20111006003453/http://blog.platformlondon.org/2011/10/03/counting-the-cost-corporations-and-human-rights-abuses-in-the-niger-delta/?utm_source=rss&utm_medium=rss&utm_campaign=counting-the-cost-corporations-and-human-rights-abuses-in-the-niger-delta

#10yrsago Sen Mitch McConnell blames Obama for bill that Obama vetoed and McConnell repeatedly voted for https://www.loweringthebar.net/2016/10/congress-blames-veto.html

#10yrsago Polish women go on strike over extreme anti-abortion law https://www.bbc.com/news/world-europe-37540139

#10yrsago Survivors of CIA torture describe homebrew electric chair used at Afghan black site https://www.hrw.org/news/2016/10/03/interview-new-cia-torture-claims

#10yrsago Visualizing the latent emotional and bureaucratic labor in our material world https://xkcd.com/1741/

#10yrsago Meth, Hitler and the Reich: the true, untold story of the Nazis’ dependence on coke, meth and oxy https://www.theguardian.com/books/2016/sep/25/blitzed-norman-ohler-adolf-hitler-nazi-drug-abuse-interview

#10yrsago Flying Saucers are Real! Anthology of the lost saucer-craze https://memex.craphound.com/2016/10/03/flying-saucers-are-real-anthology-of-the-lost-saucer-craze/

#10yrsago The malware that’s pwning the Internet of Things is terrifyingly amateurish https://web.archive.org/web/20161004061621/http://motherboard.vice.com/read/internet-of-things-malware-mirai-ddos

#10yrsago California’s 40-year-old ban on property tax raises has made the rich a lot richer https://web.archive.org/web/20161001034224/https://www.latimes.com/business/hiltzik/la-fi-hiltzik-prop-13–20160929-snap-story.html

#10yrsago The Wells Fargo fraud came to light because of union organizers https://web.archive.org/web/20161005123132/https://prospect.org/article/first-and-foremost-wells-fargo-scandal-about-workers

#10yrsago “Power Poses” are bullshit https://web.archive.org/web/20161007215414/https://www.wbur.org/npr/496093672/power-poses-co-author-i-do-not-believe-the-effects-are-real

#10yrsago Martin Shkreli offers a bailout to ailing 4chan https://arstechnica.com/information-technology/2016/10/4chan-cashflow-problem-martin-shkreli-wants-to-join-board/

#10yrsago Ghosts: Raina Telgemeier’s upbeat tale of death, assimilation and cystic fibrosis https://memex.craphound.com/2016/10/04/ghosts-raina-telgemeiers-upbeat-tale-of-death-assimilation-and-cystic-fibrosis/

#10yrsago Yahoo secretly built a tool to scan all email in realtime for US spies https://www.reuters.com/article/idUSKCN1241YT/

#10yrsago How to: Criticize technology https://www.cjr.org/tow_center_reports/constructive_technology_criticism.php

#10yrsago Johnson & Johnson says people with diabetes don’t need to worry about potentially lethal wireless attacks on insulin pumps https://www.reuters.com/article/us-johnson-johnson-cyber-insulin-pumps-e-idUSKCN12411L/

#5yrsago USPS pilots postal banking https://pluralistic.net/2021/10/04/avoidance-is-evasion/#check-cashing

#5yrsago The Pandora Papers https://pluralistic.net/2021/10/04/avoidance-is-evasion/#transparency

#5yrsago Savage Love A-Z https://pluralistic.net/2021/10/04/avoidance-is-evasion/#ggg

#5yrsago Hope, Not Optimism https://pluralistic.net/2021/10/03/hope-not-optimism/

#1yrago When your ISP pays you https://pluralistic.net/2025/10/03/we-dont-care-we-dont-have-to/#were-the-phone-company

#1yrago Blue Bonds https://pluralistic.net/2025/10/04/fiscal-antifa/#post-trump

Upcoming appearances (permalink)

A photo of me onstage, giving a speech, pounding the podium.
https://www.epl.ca/blogs/post/elbows-up-with-cory-doctorow/


A screenshot of me at my desk, doing a livecast.

Recent appearances (permalink)


A grid of my books with Will Stahle covers..

Latest books (permalink)


A cardboard book box with the Macmillan logo.

Upcoming books (permalink)

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027

  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, April 20, 2027

  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027


Colophon (permalink)

Today's top sources:

Currently writing:

  • “Once Is Enemy Action,” a science fiction novel about the origins of modern technofascism. Today's words: 504 (21882 total).

  • "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America. Fourth draft completed. Submitted to editor.

  • A Little Brother short story about DIY insulin PLANNING

This work – excluding any serialized fiction – is licensed under a Creative Commons Attribution 4.0 license. That means you can use it any way you like, including commercially, provided that you attribute it to me, Cory Doctorow, and include a link to pluralistic.net.

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