5 Comments

Phenomenal John. One q though, is it truly nihilistic? They seem to believe pretty religiously in the power of the meme itself. Maybe you've uncovered a new religion based on mimesis, not just as the means of transmission, but as the basis of meaning. Elon is prophet, Doge the sacred cow / golden calf, heaven = moon / mars, heathens / hell = no-coining, temptation is weak hand, proof of faith is HODLing for which you will receive many kingdoms worth of riches.

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Loved the way you laced the topics of social media, equity ownership, lottery culture, FOMO.. Its reality presented in the most digestible format.

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A new subscriber. Awesome article, thanks for this!

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Great piece. I particularly love your identifying the principal agent problem with inflated valuations when companies are being valued based on close to perfect performance and interest rates staying low for a long time. I think this challenge will keep "smart" "qualified" "capable" folks out of operating roles unless the money seems easy to get. And that, is a real problem.

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I'am in the proccess of getting your book "Collusian".

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