The Long Memo (TLM)
Earlier this week, I laid out what I called The Great Extraction—the story of how the American economy stopped rewarding builders, started rewarding bottlenecks, and slowly turned its citizens into product, payment stream, and yield.
I wrote that “nobody gets rich making things anymore.” The game had changed, ownership was disappearing, and value now flowed not to those who produced but to those who extracted.
Well, this week, the Congressional Budget Office confirmed all of it.
