💡 @andrewrsorkin you framed it right - that's the sentiment, the public doing what they feel has been done to them by institutions. This is an echo of what we've seen social media enable the public to challenge institutions for the last decade.
And it's a perfect storm at a time when lots of people are hurting, interest rates are so low, inescapable student loan debts loom, and every major institution has caught Ls during a /global pandemic/ over the last year. This is something to believe in.
And if enough people believe in it, it actually can manifest reality. The institutional "security" isn't coming from the top, it's coming from the ground up. It's unprecedented at this scale, but we're tribal creatures, so it's more natural than we realize.
A couple hundred thousand years of evolution conditioned us to believe in and rally around the immediate tribe around us. The idea of an "institution" - a faceless, nameless entity we just have to trust -- is actually pretty foreign to our species.
I know they're all 'random people on the internet' but there's a lot more empathy and community there than people realize. It's why I've been saying for 15 years that (online) community is still massively undervalued.
And also - please - don't invest money you can't afford to lose, ESPECIALLY, in risky investments.
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