I will never get over the chipper tone used in economics podcasts when describing the scams that underpin our financial ecosystem. This is a low-tech example, of how a company lied about its user base to get acquired by JPMorgan... which just wanted fresh sales leads.
Our financial system truly is predicated on a reckless set of confidence games wrapped up in technical smokescreens & slick lingo.
...Can we please start building hyperregional democratic systems instead?
