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Finance is not about Money

I think one first step is to dis­tin­guish between tra­di­tion­al bank­ing, which sells mon­ey it has (or it can bor­row very quick­ly, what­ev­er) and finance, which sells some­thing it does not have. And in that sell­ing what it does not have lies its cre­ativ­i­ty. It has to invent instru­ments. And secondly—and they go together—it has to invade oth­er sec­tors. Because it itself does not have what it needs to pro­duce.

Where to From Here?

Although we haven’t reached peak sur­veil­lance, we’ve reached peak indif­fer­ence to sur­veil­lance. There will nev­er be anoth­er day in which few­er peo­ple give a shit about this because there’ll nev­er be a day in which few­er people’s lives have been ruined by this.

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