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Growth is good but we are entering an economic environment where countries and companies are growing simply to show growth. It’s inorganic. In the past this typ
by bitxbit 7y ago
Growth is good but we are entering an economic environment where countries and companies are growing simply to show growth. It’s inorganic. In the past this type of behavior would result in boom and bust cycles, now the easy money has made it possible for us to go on indefinitely.
This all started with Wall Street. I want to make that ABSOLUTELY clear.
- mhh__ 7y ago"Simply to show growth"? People like generally money, what's changed?
- TheOtherHobbes 7y ago"Growth" just means "Wall St gets a positive return". That's all it has ever meant. When wealth was being more aggressively redistributed this also meant the rest of the US saw some practical benefits. Now that's no longer true, it's just a numbers game for the 1%.