We're witnessing what I call the "labor rebound effect"—productivity doesn't eliminate work; it transforms it, multiplies it, elevates its complexity. The time saved becomes time reinvested, often with compound interest.
Rather than advancing financial or technical solutions, meme coins operate primarily through the hyper-visual and social logics of internet culture. They inherit the self-referentiality and sarcasm characteristic of memes more broadly, understood here by Limor Shifman’s definition as “units of popular culture that are circulated, imitated, and... See more
Is there that much difference between the (1) manosphere playbook of extracting value from people weaker than you, taking no responsibility for the damage, and moving to the next target and the (2) private equity model of identifying undervalued assets and extracting operating efficiencies and returning capital to shareholders?
Not because people are necessarily cruel, but because these versions are simply better adapted for this new world where beating (or cheating) the system is the only rational strategy.