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.
Line Goes Up is usually specific to the stock market, it's from Wall Street Bets as far as I know. It was a response to the fed unloading infinite cash with low low interest during the 2020 covid crash which was mostly dumped onto the stock market (making everything go up).
You can't usually look at only a specific country to get an idea of the mass/rate of profits because capital is global. But most large western developed economies have undergone a slump in profitability since 2008 and the same with the world as a whole (notable exception being China).