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If you put this is context of long-term economic stagnation where the kind of predictable growth modernity brought over two hundred years is no longer there, th
by asabjorn 8y ago
If you put this is context of long-term economic stagnation where the kind of predictable growth modernity brought over two hundred years is no longer there, then for people that are expected to generate large returns have a large incentive to take on riskier investments that might give an growth upside.
Eric Weinstein argues [1] that what we are experiencing is a long-term stagnation of western economy, and arguably any economy that is not catching up. This is in his estimation the cause of many of our issues.
[1] https://www.youtube.com/watch?v=TKeMIWVOnbo https://www.youtube.com/watch?v=TKeMIWVOnbo