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The Techno-Capital MachineCombine technology and markets and you get what Nick Land has termed the techno-capital machine, the engine of perpetual material creation, growth, and abundance.
We believe the techno-capital machine of markets and innovation never ends, but instead spirals continuously upward. Comparative advantage increases specialization and trade. Prices fall, freeing up purchasing power, creating demand. Falling prices benefit everyone who buys goods and services, which is to say everyone. Human wants and needs are endless, and entrepreneurs continuously create new goods and services to satisfy those wants and needs, deploying unlimited numbers of people and machines in the process. This upward spiral has been running for hundreds of years, despite continuous howling from Communists and Luddites. Indeed, as of 2019, before the temporary COVID disruption, the result was the largest number of jobs at the highest wages and the highest levels of material living standards in the history of the planet.
The techno-capital machine makes natural selection work for us in the realm of ideas. The best and most productive ideas win, and are combined and generate even better ideas. Those ideas materialize in the real world as technologically enabled goods and services that never would have emerged de novo.
Ray Kurzweil defines his Law of Accelerating Returns: Technological advances tend to feed on themselves, increasing the rate of further advance.
We believe in accelerationism – the conscious and deliberate propulsion of technological development – to ensure the fulfillment of the Law of Accelerating Returns. To ensure the techno-capital upward spiral continues forever.
We believe the techno-capital machine is not anti-human – in fact, it may be the most pro-human thing there is. It serves us. The techno-capital machine works for us. All the machines work for us.
We believe the cornerstone resources of the techno-capital upward spiral are intelligence and energy – ideas, and the power to make them real.