Doomscroll: Quinn Slobodian

More generally, we are living in a context where power laws and non-linear takeoffs already reign supreme. NFTs were close to nothing a few months ago, now Beeple is worth more than most fine artists in the world. Redditors were never able to manipulate stock prices even slightly, until they were suddenly able to overpower a whole hedge fund.

The basic thesis is that, in the years since the global financial crisis, in response to the weakened legitimacy of global institutions and rising market volatility and political uncertainty, people at all levels of power, and in ever-increasing spheres of life, make use of the logic of financial speculation.