If the environment is stable enough, a bubble doesn't necessarily have to pop. I think that chronic sustained wealth inequality can create lasting economic bub

If the environment is stable enough, a bubble doesn't necessarily have to pop. I think that chronic sustained wealth inequality can create lasting economic bubbles that never pop. If we lived in a world where everyone had near infinite resources, everything would be a bubble because markets would be driven entirely by status value. If you think about it, the rich today have practically unlimited wealth thanks to dividends, rent payments and/or interest; they can afford to lose large portions of their income and still become richer. Now thanks in part to social media, the rich live in a separate world from others; one which has near unlimited resources. So long as money flows into their world faster than it leaks out, bubbles are completely sustainable.