I’m clearly no economist so maybe I’m missing something obvious, but I cannot wrap my head around why so many believe that the market is just some sort of fundamental, unchangeable property of the universe that is and always will be. Why do we assume that the dollar will always be valuable?

I could be incorrect, but it seems like there is no guarantee that there will be a rebound after a crash (see: 2008). It more so just seems like parts of capital crumble and become inaccessible to people who once had access, thus causing complete inaccessibility for all who come after.

So, boom and bust seems like the greatest misnomer of all time.

  • Hohsia [he/him]
    ·
    1 year ago

    I think you did a great job of putting into words what I cannot. It just seems to get worse and worse with each passing crash/consolidation of everything into a few people’s hands and absolutely dread thinking about what the world will look like in 20 years with climate catastrophe on the horizon