Saturday, February 27, 2021

Cult Capitalism

Cult members will refer to cult capitalism as revolutionary capitalism. Cult members have their cult leader, who is viewed as charismatic revolutionary genius. This prophet like figure will most definitely have a stage where he will share his revelations. In the past it would be some elevated rock or a hill, or maybe even a cave, today it is Twitter. With his revelations (tweets) this shepherd guides his flock of sheep into unequivocally accepting his instructions. Cults have been around for as long as a cognitive homo sapiens, but mostly present in religions and politics. Today however, we have cult capitalism that is responsible for the largest asset bubbles in modern times. Cult capitalism does not stop with Tesla and Bitcoin. Today, it's witnessed in all asset-classes. For cult members to be fully indoctrinated, they don't necessarily need a cult leader, a logo or a brand name is enough for them to start herding. Some cults have been around few millennia, while most cults end tragically. I think cult capitalism is here to say, humans, just like sheep, are of gregarious nature. However, a very large storm is heading their way, and we will soon see how strong their beliefs are.