Capital is pure exit
Palantir, UBI and digital currencies: the rise of technocracy — in its many forms — and the end of politics as we knew it.
In mid-June, the legal cap on U.S. debt — currently set at around $36 trillion — is set to expire. But that ceiling, I believe, will be lifted out of necessity.
Technological acceleration demands infinite monetary expansion. Automation, driven by AI and robotics, needs future credit to sustain the illusion of perpetual growth. If that weren’t the case, we would have no reason to pursue ever more automation — which in essence means pursuing ever more efficiency and productive capacity.
What lies ahead is not a crisis of American debt, but a systemic transformation. A metamorphosis of Capital and a transition into humanity’s next megapolitical evolution.
All the signs are there: Palantir, the split between Elon Musk and Trump, massive public funding promised to OpenAI, and the silent yet unstoppable rise of Tether — the company behind USDT, a cryptocurrency pegged to the dollar and used daily to move billions through global markets.
The U.S. government does not want to fall behind. It will try to enter the digital era forcefully, forging alliances — at least temporarily — with figures like Elon Musk, Peter Thiel (Palantir), and Paolo Ardoino (Tether): entrepreneurs who no longer answer to the logic of politics, but to that of algorithmic efficiency and digitized Capital.
The balance of power is already shifting, as the spread of accelerationist ideology opens a new Overton window — one that frames a post-democratic and techno-feudal society, where public institutions are replaced by private protocols and artificial intelligences.
Elon Musk, buoyed by popular support and memetic power, has already begun moving as an independent political actor: attacking Trump, proposing the creation of a new party, and promoting Vance — a declared accelerationist — as the new figurehead of a technocratic America.
The surveillance oracle
And then there is Palantir, led by Peter Thiel — another outspoken accelerationist who, like many in his school of thought, has long held that democracy is fundamentally incompatible with technological progress.
Palantir is more than a software company: it’s an oracular intermediary, assisting political power in rewriting itself into algorithmic relevance through mass surveillance.
The new agreement, pushed by Trump, will enable systematic data sharing between the IRS, SSA, DHS, and other federal agencies. A digital fusion of information on an unprecedented scale, powered by Palantir systems. If implemented, this infrastructure would amount to a totalizing informational biosphere: a surveillance machine capable of mapping every relevant piece of data and behavior.
And while infinite monetary expansion unfolds, followed by a parallel acceleration of automation via AI and robotics, the agreement between the federal government and Palantir may also pave the way for a Universal Basic Income (UBI) designed to momentarily alleviate the weight of inflation for the masses (but actually causing more in the long term).
Capital no longer needs you
Capital, after all, no longer needs humans. It only needs computational power.
Finance, which is the nervous system of capitalism, is already fully digitized.
Soon, what remains of the physical world will be tokenized by entities like BlackRock.
And so, the masses — replaced by AI and robotics — will no longer be paid to produce, but simply to consume what Capital produces.
In such a context, it will become obvious that state bureaucracies can no longer keep up with the rate of acceleration. They will collapse under the weight of their own hyper-regulation.
Isn’t this precisely what the debate between Musk and Trump revolves around right now?
The federal government will eventually yield to the efficiency of private protocols: decentralized finance, artificial intelligence, robotics.
Semi-obscure figures like Paolo Ardoino, CEO of Tether — today one of the most profitable corporations in the world — will emerge as politically relevant actors in the public eye.
Suddenly, the Dark Enlightenment, theorized by radical thinkers like Nick Land, won’t seem so far-fetched. Technical efficiency will replace the obsolete ritualism of democracy and bureaucracy.
The United States may well become the first post-democratic testing ground for corporate technocracy.
Just as China has long approached technological acceleration from a centralized, hyper-statist perspective, the United States may embrace a distributed version — where tech corporations led by brilliant, charismatic, and slightly unhinged men become the gravitational centers of power.
European desperation
Europe will follow, but in a different fashion. European technocracy will likely take a neo-Bolshevik form, neither centralized through a single state entity (as in China), nor distributed among corporate nodes (as in the U.S.), but channeled through bureaucratic suprastructures that preserve all the downsides of authoritarianism without any of the benefits of technological acceleration.
Acceleration, in any case, is something Europe simply cannot afford. “Big Tech” on the continent does not exist.
In the absence of productive Capital, there remains only one strategy. To try and chain it by clinging to its vital fluid: currency. A desperate act. An illusion.
The European Union is deeply afraid of American and Chinese acceleration. They know that technology is the gravitational field where capital and people move.
This is why the ECB, without political debate but with silent Commission support, is preparing to launch the Digital Euro: the only so-called innovation made in Europe that its citizens will experience in the near future. A bureaucratic response to the disruptive energy of corporations like Tether. Perhaps this invocation will delay the inevitable collapse of the European Union. But it won’t prevent it.
And yes, Europe will also roll out its own version of UBI. But make no mistake: the Digital Euro will take more than it gives. It will serve as a tool for social scoring disguised as welfare, and a geopolitical instrument to control monetary flows.
Capital is pure exit
But Capital no longer wishes to be regulated or contained. It wants to flow invisibly through cryptographic nodes, vast data centers, smart contracts, and AI agents performing thousands of transactions in parallel as they erect new cybernetic architectures.
The Sovereign Individual, celebrated in the book by Rees-Mogg and Davidson, with a foreword by none other than Peter Thiel, will not be a free man, but Capital itself becoming a subject. It will find, in acceleration, its escape velocity from humanity… to become pure information.
The United States, China, and the European Union will all try — each in their own way — to slow down the runaway process with bare hands. Humanity, caught in the turmoil, will be flooded with morphine in the form of Universal Basic Income, while the very ideas of democracy, politics, even money, will gradually lose all meaning.
What will remain are only flows: of production, of consumption, of investment.
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https://iweothers.substack.com/p/ai-hell
it is easy to see that what is happening is as clear as what you write. Perfect!!!
in addition to a transition to a new monetary system taking place all over the world, we are also witnessing in real time the metamorphosis of the liberal bourgeoisie giving way to new digital powers, just as the latter replaced the monarchies.
the resistance for survival of the ruling class is proportional to their apathy and incomprehension of their mass extinction.
They don't get it!!!