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This is insightful. I want to also mention that it's not just ownership of property that's disappearing, though: the concept of owning wealth also seems to be d
by mehrdadn 8y ago
This is insightful. I want to also mention that it's not just ownership of property that's disappearing, though: the concept of owning wealth also seems to be disappearing. So much -- including the nation's foundation now -- is based on loans, credit, and in general paying with money that you don't actually have. It seems like an entirely different financial/economic model from the one we mentally have in mind, and that seems like another reason to be nervous -- I don't know enough to know if it can be sustainable.