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Again this focus on the financials, exactly what is criticized. What do they matter when they have sooo much of the real economy, of the world's manufacturing?
by nosianu 2y ago
Again this focus on the financials, exactly what is criticized. What do they matter when they have sooo much of the real economy, of the world's manufacturing?
On the one hand you have a bunch of virtual numbers, on the other one you have a large number of top factories, scientists and engineers (they days of copying are long past). You would go with the virtual numbers if you could choose?
Even if finance completely collapses and all money vanishes, they will still have all those real things. Restarting finance from there is far, far easier than the other way around. Too much magical thinking around "money".
PS: I don't like the article though. Lots of... "statements", let's put it that way.
- franktankbank 2y agoChina has to flip a money switch and woops now they have a middle class. Everyone else?