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Every model that is incapable of recognizing its own failure has already crossed the event horizon into model collapse.

A Monster Id of self-reinforcing perverse incentives is gathering strength with every click, every data point collected and every unseen algorithmic adjustment of the addictive dosage.

In periods of uncommon volatility, crises and transitions manifest in unexpected ways.

That I don’t have an analysis or insight to offer doesn’t mean I don’t care. It simply means there are limits on what we know, and what we do know suggests circumspection.

It’s not just how much money you have, it’s whether you still have access to everything of immeasurable value that’s destroyed in being monetized.

Moral flexibility accumulates. Over time, it leaves you compromised.

The point here is not to make a prediction; the point is to keep an open mind about the social-construct / utility-value of currency.

What defines a “Good Economy”? Real advances in ownership of capital and the real-world resources an hour of labor can buy are within reach of the majority.

While the top 10% who manage the TINA Economy are fixated on their ballooning stock market wealth, the bottom 90% are melting away. Some day that might actually have consequences.

This leaves out the purpose of money, which is facilitating social organization.

Ownership collapses abstraction.