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People expect the stock market to always go up too. I don't think that is possible. I'm not saying it can't be a local, situational problem, I'm saying it's no
by perl4ever 6y ago
People expect the stock market to always go up too. I don't think that is possible.
I'm not saying it can't be a local, situational problem, I'm saying it's not a universal fundamental wrongness in the way society is structured.
It's like, a certain number of heart attacks happen each year. We may see a trend in heart disease over time. There could be some environmental reason for it. But extrapolating the current trend indefinitely and drawing the conclusion that there is something fundamentally wrong about the human heart's workings that requires a new mechanism is probably excessive.
- neilparikh 6y ago> I'm saying it's not a universal fundamental wrongness in the way society is structured. The supply of land is fixed, but the population (demand) increases, so the land owners have an structural advantage in that sense.
- perl4ever 6y agoIf they owned it before it started increasing in value at the beginning of time, but how can you make money by buying something that is increasing in value in a perfectly predictable manner? Isn't the seller going to charge you enough to balance out the potential profits, on average?