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.
why so many believe that the market is just some sort of fundamental, unchangeable property of the universe that is and always will be
an enormous amount of time, effort, and money has been spent (and still is spent) to make it seem that way
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.
Marx wrote about more or less this. One way that capital gets to keep expanding is that sometimes a bunch of value gets destroyed, dispossessing the former owners and concentrating it further into fewer hands. At least that was my read, I’m not as studied as some of the other folks here so take with grain of salt.
many believe that the market is just some sort of fundamental, unchangeable property of the universe
American default ideology worships The Market as a god
stonk go up
Every time it dips or crashes it’s much more likely that it will rebound than never come back. There’s an entire nation working non stop to ensure the highest profits and best returns. Theyll make you a slave before they let the market crash permanently. If you think the dollar is going to tank then invest in tangible assets like gold or ammo.
Edit: and while you sit on the sidelines waiting for a crash its going to double and triple while your ammo pile just sits there waiting
Why the fuck do people call gold a tangible asset. It’s just some dumb metal.
The tangible part isnt heat bothers me it sthe ‘asset’ bit. Gold is only useful ina. Civilization that values shiny shit. If things collapse, shiny shit will not keep its value. Ammo will tho.
Because its touchable but hard to get large quantities. Aluminum is just a dumb metal but I could fill my backyard with it in short order.