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I think part of the problem, but also reason for existing, of the growth whatever it takes mindset is, that as long as there is growth, no matter how artificial
by zelphirkalt 3y ago
I think part of the problem, but also reason for existing, of the growth whatever it takes mindset is, that as long as there is growth, no matter how artificial or not, you can keep up make-belief, that the business is viable and investors are going to belive either just that, or that they can enter now and exit before the bubble bursts. It does not matter to most investors, whether the business is actually viable in the long run, or makes any sense, as long as they see or believe there to be an opportunity to extract money out of the bubble.
A bit like trying to extract energy out of vacuum, except, that due to our believe system of economics, it can actually work for them.