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/biz/ - Business & Finance


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50458449 No.50458449 [Reply] [Original]

https://www.ft.com/content/bce2ef2a-77d8-485e-ba69-92579f8fceb6

Natasha Schüll, a cultural anthropologist at New York University, blames the increased appetite for risk on a widespread disillusionment with the notion that economic success is accessible to anyone who works hard enough. Part of the appeal of cryptocurrencies and meme-stock runs is that they are anti-establishment, designed to operate outside the rules of the traditional financial system.

“The idea that the mainstream economy is trustworthy, more so than these other [assets], is kind of dubious in recent experience,” she says. “There has been more and more willingness to say, ‘fuck it’.”

>> No.50458475

>>50458449
Tell that to the people who made it and how much high level math is applied

>> No.50458478

Of course it doesn't, producing high value pays, hard work itself is not valuable.

>> No.50458549

>>50458449
>people who have nothing to lose are more willing to take risk
does this genius have any other amazing insights?
people are priced out of a home and family; you haven't even been allowed to do anything or go anywhere for two years; true inflation is in double digits
so yeah
fuck it
why would anyone even bother engaging with the ponderous boomer shit like 3% bonds?

it makes me genuinely mad that this bimbo says this shit for a living and probably earns a fortune for doing so

>> No.50459646

>>50458449
based and redpilled

>> No.50459711

>>50458449
As fewer and fewer people actually work and the less material goods and services an economy produces the more you will see waves of speculation on various things from houses to digital objects.

>> No.50461087

>>50458449
Nah, its because jews have corrupted money.

>> No.50461350
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50461350

>>50458549
>this bimbo
get fucked - based Natasha is based af.
get a hold of Addiction by Design, its a great (no rly) fucking book.

>> No.50461369

>>50458449
There's a lot of hard work that goes into mining bitcoin though.

>> No.50461375
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50461375

Boomers consider BTC a risk asset.

>> No.50461392

>>50461350
she wont fuck you for defending her you virgin simp incel

>> No.50461407

>>50461392
No But Its Actually A Great Book
>t. virgin incel whiteknoight et-fucking-cetera