Crypto and The Silicon Valley Scam Economy / Hadas Thier
This Is Hell!
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The Scam Economy and Capitalism
This chapter explores the concept of the scam economy within capitalism and its relationship to the financial sector. It discusses how the scam economy has shown resilience despite volatility, as making money from volatility is a key part of the financial sector. The chapter also highlights how the subprime mortgage crisis and cryptocurrency investments exemplify the appeal of high-risk investments within capitalism.
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