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Seems like society isn't going to benefit much, but the ultrawealthy will benefit enormously.
by WhyOhWhyQ 1y ago
Seems like society isn't going to benefit much, but the ultrawealthy will benefit enormously.
- taberiand 1y agoOf course they will, the ultra wealthy are too big to fail. In a bubble like this, they just invest in pretty much everything and take the losses on the 99% of failures to get the x1000 multiples on the 1% of successes. While the rest of us take the hit.
- christiangenco 1y agoTo those who have everything more will be given; from those who have nothing everything will be taken.
- gtsop 1y agoAdding to that, I love how his analysis is completely detached from the consequences this burst will impose on the working man. As it did in the dotcom bubble.