4 ms·
Reaganism set the wheels in motion but those wheels didn't actually come off until events like the dotcom boom normalized billion dollar valuations for half bak
by rchaud 1y ago
Reaganism set the wheels in motion but those wheels didn't actually come off until events like the dotcom boom normalized billion dollar valuations for half baked MVPs, creating a generation of future nutters like Thiel, Bezos, Zuck and Musk. Things accelerated even further with zero interest rate policy post-2008, making capital free for this "job creator" class while working people were charged "market rates" for home and education loans.