"much of wall street is in a fatalistic mood" yeah the SPY is going vertical, sure sure.
Yeah, this article does not seem evidence backed to me. There is a ton of optimism now.
American capitalism has taken an apocalyptic turn
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Re: American capitalism has taken an apocalyptic turn
#12Re: American capitalism has taken an apocalyptic turn
#13Is there any graceful way to let the pressure out of the system and begin rebuilding trust and stability or is the only way out to immanentize the eschaton?
Re: American capitalism has taken an apocalyptic turn
#14"much of wall street is in a fatalistic mood" yeah the SPY is going vertical, sure sure.
Re: American capitalism has taken an apocalyptic turn
#15Earlier quoted context omitted.
Yeah, this article does not seem evidence backed to me. There is a ton of optimism now.
Isnt Economist , like, a super prestigious publication? Why would they let something flimsy seep thru?
Re: American capitalism has taken an apocalyptic turn
#16I would say with inflation, wealth inequality and skyrocketing housing, gas and grocery prices as well as super high amounts of consumer debt and families stretching to keep up it feels a lot like pre-bust 2005/2006 economy out there right now. We might not be on the cusp of a subprime mortgage bank crisis but it does feel ominous lately.
Re: American capitalism has taken an apocalyptic turn
#17Re: American capitalism has taken an apocalyptic turn
#18Re: American capitalism has taken an apocalyptic turn
#19Is there any graceful way to let the pressure out of the system and begin rebuilding trust and stability or is the only way out to immanentize the eschaton?
Somehow, we need legislation that says companies are beholden first to their employees, then to their customers, THEN to shareholders. I don't know how to do that. Co-ops are the only real answer maybe?
Re: American capitalism has taken an apocalyptic turn
#20Is there any graceful way to let the pressure out of the system and begin rebuilding trust and stability or is the only way out to immanentize the eschaton?