Like, the profits can't keep coming if production doesn't keep coming. Can the government just borrow against future production and keep the ball rolling indefinitely, or is it going to come crashing down very soon?

Econ nerd pls help, my humanities degree did not prepare me to answer these questions.

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  • vertexarray [any]
    ·
    4 years ago

    Seems to me like it's already a crash, just not a fatal one for the existing system.

      • vertexarray [any]
        ·
        4 years ago

        It doesn't look like the 2008 crash because it's not caused by a finance crisis, rather by a production and profit crisis. Much more delayed, diffuse effect (I think?).

        By comparison the Gamestop fiasco caused a liquidity crisis in one firm in a matter of days. Much more drama, headlines, and thinkpieces, since it's rich people's money.