Severin Matusek

There is a clear pattern for all four companies [Facebook, Amazon, Netflix, Google]: each controls, to varying degrees, the entry point for customers to the category in which they compete. This control of the customer entry point, by extension, gives each company power over the companies actually supplying what each company “sells”, whether that be... See more

Functionalist theories, building on Durkheim’s insights, analyze totemism in terms of its social functions. From a functionalist perspective, totemism contributes to social cohesion by providing a shared system of beliefs and practices that reinforce group solidarity. The totemic system establishes social boundaries, regulates behavior through... See more

At the same time, we are often told these systems are impossible to fully comprehend and are far beyond our control.

The Channel NFT acted as a token that opened up a few things for me:

The US kept interest rates at near zero from 2009 to 2022. This encouraged business models that promised world-changing outcomes, even if they were completely unrealistic and/or hostile to the public interest (eg the gig economy, self-driving cars, crypto, metaverse, AI). This came at a time of no regulation of tech and an accepted culture in... See more