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.
The market did rebound after 2008. Line went up; it's higher now than it was then.
If the line didn't ever recover, that would result in the collapse of the entire capitalist economic system. Businesses only exist so long as investors get a positive return on investment. If they don't, they pull their money and the business collapses. We'd likely see even more state subsidization of big business (think quantitative easing), but that would only work for so long if there's no growth.