Wall Street gets what it wants

Seth Godin bemoans the idea that Wall Street gets what it wants.

Wall Street thinks it wants industrial-style reliable incremental growth, the stuff they got accustomed to getting from General Electric, General Mills and General Dynamic. But in fact, what they invested in this time is changing the world.

The world is going to change with or without this public company. It's bumpy for us along the way, though, because we trusted the companies that are now owned by people who want something else.

Godin forgets that Capitalism has its own laws of motion. One of those laws is reproduction of Capital. Capital has to be reproduced through profits. And Capital will go where it can reproduce the fastest.

The individual Capitalist is a slave to this law. If they do not follow the law, they will be extinguished as a Capitalist.

Godin can gush all he wants about the new economy, but Capitalism has to alienate the worker from the product of their labour in order to function. The mechanisation of work is an imperative either through rote or automation.

Godin's vision cannot be obtained until the workers wrest control of the means of production from the Capitalists. In other words, the workers have to push through a Socialist Revolution.