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Cyclical collapse in capitalistic system is built-in. Risk tolerance expands slowly over time and then collapsed dramatically when the system is unsustainable,
by donsupreme 4y ago
Cyclical collapse in capitalistic system is built-in. Risk tolerance expands slowly over time and then collapsed dramatically when the system is unsustainable, then restart.
- anm89 4y agoYeah the world was just really stable and peaceful before capitalism came around.
- mandelbrotwurst 4y agoThe comment you're replying to didn't imply otherwise.
- anm89 4y ago> Eating and breathing in the capitlistic system is built in. See why people don't say this even though it's true? Because the only reason to point this out is to imply causality and to point out that it's different than some other system.
- xboxnolifes 4y agoSaying that something exists in one system does not imply that it does not exist in no other system. At best, it implies it it does not exist in some other systems.
- deleted 4y ago[deleted]
- Grimburger 4y agoModern societies seem incredibly averse to allowing recessions take their natural course these days. There has been unprecedented money printing in tough times that doesn't revert to mean before the next economic crisis comes along. This results in huge misallocation of resources and a lot of long term negative consequences all to avoid short term pain. At some point the developed governments on Earth will have their hand forced rather than playing god with the economic cycle.
- fallingfrog 4y ago"Avoiding short term pain at the cost of long term consequences" is the cause of most instances of civilizational collapse. https://www.pbs.org/newshour/nation/indiana-jones-collapsed-cultures-western-civilization-bubble https://www.pbs.org/newshour/nation/indiana-jones-collapsed-...