Capital

Abstract

“Bad” poverty is constantly growing, while “good” poverty is diminishing. We are quickly becoming poor in a bad way because the deterioration of our civil, educational, relational, spiritual, and governmental capital has passed a tipping point, triggering a chain reaction. We are living through a capital decline. The types of poverty that we can measure are manifested as the lack of flows (jobs and income), but in reality they are the much deeper and more long-term expressions of “capital account” processes that do not really depend on the financial crisis of 2007–2008 or on German politics. These in fact are our usual — and by now lame — alibis to cover the real reasons why serious things are happening to us.