Dana El-Kurd
👤 SpeakerAppearances Over Time
Podcast Appearances
Because at least I can look at the picture of the monkey.
I can't look at this.
No, you can't look at the bet you're making on whether monkey go down.
All my ape's gone.
Yeah, but it's depressing because the entire world is just this now.
It's the shit the banks were doing where you're betting on whether the mortgage would have failed, but now it's you're betting on what day we're going to drop a bomb on Iran.
And this is, you know, what I would call a sort of terminal crisis stage of capitalism where like... Because everything is so divorced from any material reality, from any good or service.
Like there is a limit to which you can run an entire economy that is purely based on gambling.
Like there's a limit and we're going to hit it really soon.
It's going to break.
It's going to break spectacularly.
However, comma, I do have good news for you.
You now actually understand what non-bank financial intermediation is.