Some great lines in here: “Tech companies have assumed a form of power once reserved for nations, banks, and Chuck E. Cheese... Consider how the story “Jack and the Beanstalk” was just an allegory for situations that probably happened all the time during the shift from agrarian to mercantile societies. How could a useless pocket of beans hold the same value as a cow? Depends on what the beans represent. What seemed like magic to an uneducated farmer was simply finance to his banker grandson. Cows to beans to a golden goose — it’s the story of material progress through symbolic flexibility.” Though there is some indication that the increase in debt abstraction may bot be a simple, one-way, trajectory (see Graeber).