From Kyla Scanlon. More good things on memes and the economy. Always feels very “ear to the ground”.
Something that troubles me is the idea that maybe everything is becoming financialized because financial markets are the last remaining system capable of aggregating distributed information and enabling coordination at scale. Like obviously the above example8 is wild and absurd, but it’s a very efficient form of communication. And when traditional institutions (media, education, political parties, local communities) lose credibility, people turn to markets for economic coordination and for truth discovery.