Systemic Solutions to Housing Should Be Calibrated to Reverse the Wealth Divide

Presenting the worker in resident housing zone

Nick Fewings on Unsplash

Contemporary Capitalism Serves and Limits the Ownership Class

A report from PItchbook The Transient Era of Billion Dollar Funds tells of the sudden boom and equally sudden collapse of unicorn investment funds (billion-dollar funds), during 2021-2022.

The article is written in investment culture lingo using initials in place of words for all the key concepts. When it is written that “From 2006-2022, 62 unique GPs, five of which were corporate ventcapital (CVC) arms, raised 139 billion-dollar funds with commitments totaling $277.9 billion. Most of the capital raised occurred in 2021 and 2022, which saw 42 unique GPs close 60 billion-dollar funds with commitments totaling $147.9 billion.”, I make a guess that GP means global partners. Global corporations (GPs) raise capital from limited partnerships (LPs). That’s central management of the economy through established networks.

The rapidly accelerating venture capital growth occurred in late-stage investments at the t…