Modernity’s Balance Sheet: Liquidating Tradition for Capital

Modernity liquidates traditions for the same reason that a firm might liquidate an underperforming factory: to improve the allocation and return of capital. “All fixed, fast-frozen relations,” as Marx put it, “with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify.” Technology, for Marx, is the true revolutionary principle, destroying traditions by shifting their foundations faster than they can adapt.

Jon Askonas, Why Conservatism Failed source

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