The Great Simplification with Nate Hagens cover image

Tomas Björkman: "The Great Transformation - Metamodernism and The Future"

The Great Simplification with Nate Hagens

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The Market Is Like the Social Media Algorithms

The market in many ways is like the social media algorithms as they started something in a benign way. But then the shifting baselines is so many years later, it's become this Leviathan that we've outsourced all our decisions to the market. And who controls the algorithms for social media? Well, that's done by the social media corporations and they are tweaking the algorithms for one thing only. They don't care about the collateral damage in society. And it's the same thing about the constitutive rules of the market. Unfortunately, through lobbying and other pressure mechanisms, those algorithms are tweaked all the time in societies. We are constantly re-inventing the market, but only for one

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