It didn't have to be this way. A Keynesian approach could have used the cheap credit and available workforce to build much-needed infrastructure, public housing, and renewable energy. Instead, asset-based Keynesianism gave us a housing market unaffordable for most, ad tech surveillance, the gig economy, and a thousand forgettable shows on Netflix.

XREF: Connects to critiques of financialized capitalism and the 2008 crisis literature, which also trace how cheap credit was routed into asset bubbles rather than productive investment.

Andrew deWaard, Derivative Media, loc. 86