"In an era defined by slow growth and flatlined productivity (if not outright economic stagnation) and marked by widening inequality and underemployment, “money” feels at once deadly serious and stupidly silly. Seen from this viewpoint, the pandemic economy isn’t an anomaly but a heightened version of one possible future: a world where money is abundant but safe long-term investments are rare and where “getting rich quick” is less an American pathology and more the best bet for a stable life — assuming you think such a thing is possible with ecological catastrophe looming. If you’re supposed to buy stocks as a bet on the future condition of a business, why would you buy stock in a brick-and-mortar retail video-game chain unless you didn’t really believe in any future at all? How different is the stock market from betting on soccer? What’s the point of investing safely when Elon Musk can create and destroy millions of dollars of value with a couple of tweets?"
https://nymag.com/intelligencer/2021/04/nft-future-of-money.html
https://nymag.com/intelligencer/2021/04/nft-future-of-money.html
Intelligencer
You’re Not Crazy. Money Is.
Welcome to the non-fungible, memeified, cryptodenominated, degenerate future of finance.
Hi everyone, I just wanted to tell you that I'm not sure if I'll able to keep publishing 2 articles per day in the coming weeks. I have exams coming up, and it's been really tough. Have a wonderful day ❤️