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every stock should have the chance to go to zero if we are to have a true Free Market.
by cyanydeez 3mo ago
every stock should have the chance to go to zero if we are to have a true Free Market.
- superze 3mo agoInstead they bail them out and let society go to zero. But socialism bad
- Ekaros 3mo agoFundamentally wiping out shareholders and most of bond holders bonds is a good thing. It keeps markets healthy and honest. Excuses about pensions is just excuses from gamblers.
- 2OEH8eoCRo0 3mo agoThe boom/bust cycle is the Faustian engine of innovation. Take away the risk of busts and we have fake capitalism without innovation or renewal.
- cyanydeez 3mo agoremember during covid it was deemed acceptable for the elderly to die for the economy? We need that, but for useless corporate slop that's now relaceable by useless AI slop. Slop In, Slop Out (SISO)