This golden age for Western governing elites nevertheless bred potential problems for their class rule. First, the very transformation of asset wealth on which the new elite floated threatened to fracture the internal coherence of the ruling classes, for whom wealth, power and territory had traditionally gone hand in hand. The effects of economic globalization—bringing foreign-institutional ownership of national assets and the dilution of local capitalist classes, amid the swirl of international funds—has also broken the previous links of kinship and culture between state elites and asset-owners.

2. the issue with overproduction is the valorisation of the produced value

3. the Great Depression was the original overproduction crisis and out of all the attempts to overcome it, Keynesianism reigned supreme (so far so uncontroversial)

4. the tech industry in a narrow sense (as opposed to computers in general, though they depend on each other) follows an economic model of market platforms and algorithmic matching of sellers with consumers (+ monopoly products like the metaverse, but those don't make up such a large part of the profits)

5. market platforms and sales algorithms are infrastructure of the sphere of circulation. as creators of these infrastructures, tech companies extract rents from productive and merchant capital

6. productive and merchant capital rely on the tech industry to mediate the valorisation of their commodity capital. competition has shifted in large part into the sphere of circulation, where the producers compete for a limited amount of purchasing power. hence shady strategies like making your product in the listing look different from what it's like or making it look like a competitor's product.

7. the data collection and algorithmisation of everything serves the goal of valorisation of capital always on the verge of overproduction.

errm akhchually it's fine if we spy on everyone because we're the good guys. this separates us from the other guys who spy on everyone who are the bad guys.