> Remember all those celebrities who claimed they'd bought Bored Ape Yacht Club NFTs?
Well, yeah... This isn't new, it's always been this way.
Remember all those people who said they'd leave the US if Trump won?
The fact that the thing being abstracted into a security is BS doesn’t affect the rules you have to follow when you’re acting like a thing is an investment.
Pumping and dumping nonsense Is securities fraud in plenty of cases, the legal frameworks were created to prevent that kind of behavior.
Your AAPL shares are just entities in a database somewhere (or a series of databases, it’s complex), an NFT is essentially the same, database entries that point to ownership of an abstract thing which can be traded.
I never said they were - I said that celebrities who make promises to their fans never intend to follow through on them.
When? So far, the most fascists of last 3 presidents has been Obama and Biden. They hate checks and balances and want to just rule by fiat.
It pissed me off for giving Democrats anything for politicizing Covid for electoral benefits, but Trump negotiated with Pelosi to get things done. When has Biden negotiated with Conservatives? Aside from calling them all terrorists?
I am not from the US and do not intend to travel there any time soon, so I couldn't care less about your internal quarrels, but Trump meets many of the criteria. Most famously the Italian writer Umberto Eco coined these 14 signs of fascism after having lived in fascist Italy (under Mussolini).
I quote it from Wikipedia here, follow allong and tick the boxes for each president, then count who has the most boxes. Ah and also search for critical stuff on the guy you like:
1. "The cult of tradition", characterized by cultural syncretism, even at the risk of internal contradiction. When all truth has already been revealed by tradition, no new learning can occur, only further interpretation and refinement.
2. "The rejection of modernism", which views the rationalistic development of Western culture since the Enlightenment as a descent into depravity. Eco distinguishes this from a rejection of superficial technological advancement, as many fascist regimes cite their industrial potency as proof of the vitality of their system.
3. "The cult of action for action's sake", which dictates that action is of value in itself and should be taken without intellectual reflection. This, says Eco, is connected with anti-intellectualism and irrationalism, and often manifests in attacks on modern culture and science.
4. "Disagreement is treason" – fascism devalues intellectual discourse and critical reasoning as barriers to action, as well as out of fear that such analysis will expose the contradictions embodied in a syncretistic faith.
5. "Fear of difference", which fascism seeks to exploit and exacerbate, often in the form of racism or an appeal against foreigners and immigrants.
6. "Appeal to a frustrated middle class", fearing economic pressure from the demands and aspirations of lower social groups.
7. "Obsession with a plot" and the hyping-up of an enemy threat. This often combines an appeal to xenophobia with a fear of disloyalty and sabotage from marginalized groups living within the society (such as the German elite's "fear" of the 1930s Jewish populace's businesses and well-doings; see also antisemitism). Eco also cites Pat Robertson's book The New World Order as a prominent example of a plot obsession.
8. Fascist societies rhetorically cast their enemies as "at the same time too strong and too weak". On the one hand, fascists play up the power of certain disfavored elites to encourage in their followers a sense of grievance and humiliation. On the other hand, fascist leaders point to the decadence of those elites as proof of their ultimate feebleness in the face of an overwhelming popular will.
9. "Pacifism is trafficking with the enemy" because "life is permanent warfare" – there must always be an enemy to fight. Both fascist Germany under Hitler and Italy under Mussolini worked first to organize and clean up their respective countries and then build the war machines that they later intended to and did use, despite Germany being under restrictions of the Versailles treaty to not build a military force. This principle leads to a fundamental contradiction within fascism: the incompatibility of ultimate triumph with perpetual war.
10. "Contempt for the weak", which is uncomfortably married to a chauvinistic popular elitism, in which every member of society is superior to outsiders by virtue of belonging to the in-group. Eco sees in these attitudes the root of a deep tension in the fundamentally hierarchical structure of fascist polities, as they encourage leaders to despise their underlings, up to the ultimate leader, who holds the whole country in contempt for having allowed him to overtake it by force.
11. "Everybody is educated to become a hero", which leads to the embrace of a cult of death. As Eco observes, "[t]he Ur-Fascist hero is impatient to die. In his impatience, he more frequently sends other people to death."
12. "Machismo", which sublimates the difficult work of permanent war and heroism into the sexual sphere. Fascists thus hold "both disdain for women and intolerance and condemnation of nonstandard sexual habits, from chastity to homosexuality".
13. "Selective populism" – the people, conceived monolithically, have a common will, distinct from and superior to the viewpoint of any individual. As no mass of people can ever be truly unanimous, the leader holds himself out as the interpreter of the popular will (though truly he dictates it). Fascists use this concept to delegitimize democratic institutions they accuse of "no longer represent[ing] the voice of the people".
14. "Newspeak" – fascism employs and promotes an impoverished vocabulary in order to limit critical reasoning.
Definitions are too short for that kind of stuff anyways. Read some guy from the stone age the definition for any modern political system and they would not be able to imagine what it means in practise. These 14 points however make it somewhat tangible.
Eco also intended them as warning signs people can look at and check whether their own society (or parts thereof) are heading into fascism.
You know, completely tl;dr-unimportant stuff that you will totally not regret to have glossed over once your sons are sent into the meatgrinder of the Volkssturm, while your daughters are ordered to breed the next generation of disposable Übermensch /s
Do you think George Clooney drinks Lavazza coffee? Does that make it a scam?
Coffee commercials aren't scamming people out of millions.
The FTC didn't fine Clooney for coffee commercials but it did fine Kim, Paris Hilton, Jimmy Fallon and many other celebrities for peddling bullshit NFTs.
...then the NFT was scammed off him before the series was released.
Then he was in a catch-22. He could've just released the show without breaking any laws or contracts, but then he would've had to admit that NFTs are bullshit.
AFAIK the show is still unreleased. But he did buy the NFT back later: https://www.ign.com/articles/seth-green-nft-show-boredape-st...
Remember all those celebrities who claimed they'd bought Bored Ape Yacht Club NFTs? That was all a scam.[1] It was put together by a Hollywood agent who represented both a long list of major celebrities and BAYC. Now there's a lawsuit against all the parties involved. Kim Kardashian was already fined a few million dollars by the SEC for that sort of thing.
[1] https://variety.com/2022/digital/news/bored-ape-yacht-club-c...