/lit/ - Literature

The important investigation here is not what immediate material impact this phenomenon will have on the economy (little) but instead what this phenomenon represents in a broader dialectical context. Both the dialectical materialist and the hegelian alike should be keen to investigate why such a phenomenon occurred precisely at the time where memes have peaked unlike ever before in social stock and influence as well as during a global pandemic——and notice, too, the fundamentally uncanny resemblance between the meme, the virus, and information in general. More than even 2016 or the Arab Spring, it's a testament to the fact that we are operating within the information regime, whose logics are as of yet not fully deciphered, but are in a fundamental way have even surpassed what Baudrillard and De Bord described.

Accelerationists rejoice! Hitherto, the utilization of abstract capital against itself has remained purely rhetorical and theoretical. For the first time we have an image of what accelerationist praxis might look like, fully detached from Old Left material gains, fully detached from real life organizing. Seeing everyone react online positively to this insane piece of history proves further Fisher's claim that "we are all already accelerationists."

But, as my ML friend pointed out, "for who" is this action organized? This money will remain in the market, capital will simply shift hands into RobinHood to be reinvested. But for the smart accelerationist this is not the point of this exercise, but rather to legitimize the notion that one could utilize capital in its current form to disrupt its own functioning. Beware those who will see this event and attempt to simply reinvest this money into "ethical" corporations or movements: these are the people who truly are achieving nothing.

This phenomenon will be attempted to be replicated by trolls, accelerationist groups, and actual brokers alike. A small group of even half competent programmers will attempt to set up a system that sniffs out shorts and meme it into another craze. Going forward it will be of extreme interest to see how successful these attempts are, how the public continues to react to total deteritorialization, and how memes will merge with capital.