| ▲ | timacles 5 hours ago | |||||||
We are basically dealing with the fallout of the 2008 GFC bailout to this day. The fiat economic system is irreparably broken, and we are circling the drain. Another bailout is _probably_ inevitable. But the cycle sure as hell isnt resetting and we are speeding towards something... what it is is unclear though, and when is also unclear. The part people cant wrap around is the scale of it and the time it takes to go through the super cycle. Theoretically, it all started with the Dot com bubble, which indirectly cause the housing bubble, which caused the GFC. Which caused whatever happened in 2019, which caused QE in 2022 under the guise of COVID, which is causing whatever the hell is happening now. Capitalism has become uncorked, and money is irreversibly flowing to the top at an increasing rate. The logical next stage is that like 75% of the world's population is literally not even part of any economy. And that doesnt really make any sense | ||||||||
| ▲ | azan_ 5 hours ago | parent | next [-] | |||||||
You've made lots of (wild) claims, but provided zero support for them. Also didn't bottom income quartile see the largest growth in last few years? | ||||||||
| ▲ | philipallstar 5 hours ago | parent | prev | next [-] | |||||||
Sigh, no. Money is not flowing; company valuation might be, but that's temporary and only works if the company keeps delivering insane amounts of value. | ||||||||
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| ▲ | mannanj 4 hours ago | parent | prev [-] | |||||||
yeah I intuitively have felt something like this has been happening, too. And finding the evidence is such an immense task, and feels way out of my current energy level. When COVID was ongoing there was a term floating around I liked, "Psychosis" was it. The spell is like that of, denial? Terror & shock? Trauma might be better? Looking at trauma responses and how to detect it in humans is an interesting perspective to look at all this with. Personally, if I look at it from "people are afraid, traumatized, defending themselves" and use that to extrapolate how most people (the masses, the non-rich) would act and also the rich - that points me to why theres such a sudden hastening of action and pace of wealth up towards the top in the name of AI & war. | ||||||||