This is a powerful read for people trying to mentally tie a bow on the 2010s. Ranjan wraps it up saying that the cheap money thanks to near zero interest rate policies we’ve had since the GFC, and social media algorithms, are what shaped the last ten years of our lives.
“I’m incredibly excited about the coming decade because I am genuinely hopeful the two core trends I outlined will be reversed.
Algorithmically-optimized lying has prominently entered the conversation to the point our ex-President was kicked off. There’s simply no way money can remain this cheap for a prolonged period of time. What that unwind looks like is an entirely separate post, but there will once again be discipline imposed on the allocation of capital. Financial and technological regulation is far more imaginable than just a few years ago. Change is coming.”