The impact to one's own sense of happiness and prosperity of not being able to afford 'basic' goods is far greater than not being able to afford 'discretionary' goods. By increasing the financial stress on consumers abilities to purchase essentials- the rest of the economy suffers, as people are more likely to hoard than spend.

Technologies are emerging and moving so fast, that it's very hard to build accountability mechanisms; not least because technologies can become ubiquitous before we understand them.

I actually think social media can be fine, and in fact if you look at the first year or two of any particular social media, they often start out quite charming before the stupid business model kicks in where companies can only make money by having third parties inject money into the system.

My own twist on that is that the bigger they come, the exponentially harder they fall! Banks are so bent at using expanded balance sheets, using derivatives, pretending that risk is in the net when it's really in the gross, pretending that risk is a linear function of scale when it's an exponential function of scale.

Human dignity can seem abstract, but when you are transformed into merchandise, something to be exchanged or bargained with, you need the intellectual, emotional and spiritual tools to cling to your humanity. That's the only way you can retain value in your own eyes.