this post was submitted on 28 May 2023
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Tbf, Marx was probably talking more along the lines of fiat money (before the great depression, the value of state currency was backed by things like gold and silver), as well as bonds and stocks. Money flows that are based on expectations/confidence instead of actual value in the now, basically.
Still got a point though because NFTs are like a new level of fictitious
No. It's actually not new. It's even older than Karl Marx himself. Speculation Bubbled really are old.
https://en.m.wikipedia.org/wiki/Tulip_mania
This was 200 years before Karl Marx