4 ms·
This is like an argument that we need epidemics like plagues once in a while to shake out the weaklings. It turns out that epidemics are neither effective and a
by sytelus 7y ago
This is like an argument that we need epidemics like plagues once in a while to shake out the weaklings. It turns out that epidemics are neither effective and also they take out strong as well as weak just like recession kills many good longer-term startups.
On a broader view, the amount of cash that governments like US and China able to infuse in the system at moment's notice is unparalleled. The big 5 tech alone harbors cash of $0.5T and capable to weather any storms. If you think of US or China as one organism, they have achieved enough of collective wealth and enough cash just sloshing around that any new recession can be absorbed away.