Dec 1, 2022
4:46:09pm
4:46:09pm
I’m talking about securities—not the free market, but “capitalism.” Two very
different things. If there is no growth, then there is no appreciation in the value of stocks and bonds (the “capital”) in “capitalism.”
The only way for the value of the capital in an economy to continue to “grow” is for population to grow—unless additional value is created through technology. As of right now technology has hit the point of declining marginal returns and population is crashing.
Japan is a good example. They are suffering from deflation which really hurts the value of capital assets.
The only way for the value of the capital in an economy to continue to “grow” is for population to grow—unless additional value is created through technology. As of right now technology has hit the point of declining marginal returns and population is crashing.
Japan is a good example. They are suffering from deflation which really hurts the value of capital assets.
Originally posted on Dec 1, 2022 at 4:46:09pm
Message modified by Socrates Johnson on Dec 1, 2022 at 4:47:13pm
Message modified by Socrates Johnson on Dec 1, 2022 at 5:30:58pm
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12/1/22 7:03am
If you haven't been to the mall in 5 years, don't expect it to still be there in the utopian future.
12/1/22 7:22am
12/1/22 8:23am
12/1/22 8:43am