> Things have been too good for too long in InvestorWorld
That's not by accident and it's been at the expense of non-investor world for a long time.
What we're seeing is finance capitalism suck surplus value from every piece of the Earth it can. We're still burning more fossil fuels than ever before [0] despite the now visible risk of climate catastrophe. I believe we're likely to see investors continue to become irrationally wealthy while increasing larger and larger pools of people a driven into ever increasing situations of hardship.
I see no signs of the madness stopping until both human and planetary resources start to buckle under the pressure and refuse to give yields they once did. The article repeatedly mentions crypto as though it were an obvious bubble, but bitcoin is near record highs and even Sam Altman's bizarre world coin is at extreme record highs, COIN is up 200% in the past year.
The bubble won't "burst", it's just that increasingly less people will be invited in.
That's not by accident and it's been at the expense of non-investor world for a long time.
What we're seeing is finance capitalism suck surplus value from every piece of the Earth it can. We're still burning more fossil fuels than ever before [0] despite the now visible risk of climate catastrophe. I believe we're likely to see investors continue to become irrationally wealthy while increasing larger and larger pools of people a driven into ever increasing situations of hardship.
I see no signs of the madness stopping until both human and planetary resources start to buckle under the pressure and refuse to give yields they once did. The article repeatedly mentions crypto as though it were an obvious bubble, but bitcoin is near record highs and even Sam Altman's bizarre world coin is at extreme record highs, COIN is up 200% in the past year.
The bubble won't "burst", it's just that increasingly less people will be invited in.
0. https://ourworldindata.org/fossil-fuels