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Finance, Insurance, Real-Estate: FIRE. It's called FIRE because if you let them freely trade in a market system, they will eventually end up with everyone behol
by WealthVsSurvive 6y ago
Finance, Insurance, Real-Estate: FIRE. It's called FIRE because if you let them freely trade in a market system, they will eventually end up with everyone beholden to them and the price of everything inaccessible save through them. This will set everything on FIRE. It will erode people's incentives to trade, devalue labor to ensure people are beholden to them, and make your country vulnerable to fascism and foreign military occupation as a result of in-fighting, as oligarchs attempt to divide and conquer a country from within and block the state's ability to collect taxes for defense all to avoid their private losses and the loss of their precious wealth!
ITS ON FIRE!