David Graeber on how capitalism (specifically, the boom of neoliberal capitalism in the ’80s and ’90s) has, contra popular opinion, ground “big idea” style technological innovation to a halt.

Also nice to see Graeber still using this essay as an excuse to bang his favorite drum, i.e. how much he hates doing academic administrative work (which is also something he covered extensively in his book), although to his credit he does link it into a broader criticism of how university adoption of neoliberal ideas like branding, competition, and marketing have ruined academic research.