People crave meaning BUT derive meaning in very different ways. Today's system provides meaning for the most articulate and intelligent, but for few others. Meaning there is a huge pool of the unhappy whose unhappiness is incomprehensible to the chattering classes.
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That's the money tweet. Secondary points are - For MOST people, meaning derives from repetition and ritual. This is mostly incomprehensible to the intellectual classes, who thrive on novelty. There is very little common ground for understanding here.
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In summary, Like this tweet so I can claim this prestigious dollar and in return I'll venmo you $.005 and write a socially rewarding comment in the public ledger. Together we'll become The Mkt.
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How am I not even wrong?
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Wow, the article is really hitting at something key. I look forward to reading all the attempts here!
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That article starts with a chart that embodies a doubtful premise: that gains in GDP are evenly distributed. The same data has been co-plotted with wages, which tells a very different story. Also try plotting wages vs housing+transportation costs.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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feel like I need to read it a 2nd time, but my tldr: modeling labor, land, & money as commodities is ~required for markets & economics, but the abstraction is /very/ leaky and treating these things as commodities in the real world leads to severe social backlash
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if chapman is right that meaning is inherently patterned & nebulous, then markets with their voracious march toward legibility kill meaning by removing nebulousness
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