attention and speculation as primary economic drivers
AI summary of the linked articleThe argument holds that attention has become the main source of economic and political value, with speculation converting it into funding, elections and policy. Examples include Trump announcing Iran strikes on Truth Social, Zohran Mamdani winning the NYC Democratic mayoral primary over Andrew Cuomo after polling at 1% about 4.5 months earlier, and Cluely raising $15 million led by a16z. Herbert Simon wrote in 1971 that information abundance creates a scarcity of attention, and Robert Shiller coined narrative economics, arguing that stories drive economic behavior. |
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2 comments mishaSubmitter Interesting analysis and breakdown of the attention-speculation mechanics. There's no neutral outside from which to observe these systems. We're building the tools that are rebuilding us … There really isn't an offline anymore … We're all participants in a cognitive economy that trades in attention, belief, and behavior. Shape the feed, shape the future. What happens when everything becomes an attention-speculation machine? |