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.

  • culpritus [any]
    ·
    1 year ago

    Not to be crass, but this really made me think of refractory period and masturbation. Boom and BUST of capital is just jerking off. The hype gets stronger and stronger until somehow a big mess is made of things, usually before any of the players quite know what is happening. Capital on the edge is just 'irrational exuberance'. Then there is the post-bust clarity. This is when the libs all start wiping away the stickiness of the situation, trying to do apologia for capital.

    It wasn't supposed to happen like that! We're sorry, it'll be good for everyone next time.

    Which obviously leads into the next phase of lib fluffing of the spongy wreckage.

    It's too bad about this bust, but there's all this wonderful potential now. We just need to keep stroking the egos of capital, and this economy will be rock solid in no time again!

    paging VolCel vanguard btw

    • UlyssesT [he/him]
      ·
      1 year ago

      :volcel-judge: You did the right thing turning yourself in.