Once we recognise money’s second nature, everything makes a lot more sense, for it was this collective ability that was broken. Poisoned money flowed in torrents but not into serious investments, good-quality jobs, or anything capable of reanimating capitalism’s lost animal spirits. Instead shareholders and executives bought land, empty warehouses, art, Swiss chalets, whole villages in Italy and even islands in Greece, the Caribbean and the Pacific. They collected football clubs, superyachts and, at some point, began to buy digital assets like Bitcoin or something called NFTs that they neither
...more
