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it is uncomfortably weird how eager so many people think and call for bad economic conditions as if they'll somehow be positive things
by drstewart 2y ago
it is uncomfortably weird how eager so many people think and call for bad economic conditions as if they'll somehow be positive things
- adammarples 2y agoThere will. It is absolutely necessary to occasionally have some form of recession to rebalance capital towards productive ends. Not allowing this to happen since 2008 has caused its own problems.
- Der_Einzige 2y agoHigh interest rates do it for you and don’t guarantee a recession.
- borggambit 2y agoIt is like the Mexican restaurant near me that has never come back to the business it was doing before covid. The business is completely dead and just hanging on. People would view the business going under as negative but right now it is a complete waste of resources and the owner's life. I suspect there is a staggering amount of business in this exact situation but we don't seem to believe in creative destruction as a society anymore. Floating all these zombie businesses is just tinder for a larger fire that is harder to put out than it should be. No real shock the spark would be a yen carry blow up. I have seen this episode before.
- strikelaserclaw 2y agoif you think from the perspective of people who can't really build any wealth and are just slaving away with nothing to show for it - you can understand why they see it that way. Lets be honest, 80% of building wealth is just what time period and what country and what socioeconomic class you were born to