II — The Thesis

Different ancestors. Same destination.

Airlines, retailers, software companies, farm equipment dealers are different industries with different starting points. Given enough time and enough competitive pressure, they converge on the same design. Biologists call this pattern carcinization — unrelated lineages, independently, arriving at the crab. Capitalism appears to have discovered its own version. Instead of becoming crabs, everything becomes a bank.

The Operator Premium

AI is making technology easier to build and regulated businesses more valuable to own.

The Corporate Tail-Tuck

When running the operating business gets expensive enough, companies tuck their tails under a financial shell.

Research & Publishing

We publish the body of work that explains the migration, industry by industry

Nature repeatedly evolves toward crabs. Capitalism repeatedly evolves toward finance. The migration is not a trend to be timed. It is a direction to be understood.

Nature repeatedly evolves toward crabs. Capitalism repeatedly evolves toward finance. The migration is not a trend to be timed. It is a direction to be understood.

— Everything Becomes a Bank, august 2026