this post was submitted on 21 Oct 2024
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The uncertainty of it is exactly why it shouldn't suck up as much capital and resources as it is doing.
Shouldn't, definitely. But for a while, it will keep running, because that's how a lot of speculative investment works.
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
The argument could be made economically rather than ideologically.
Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy.
But Capitalists start crying "Socialism!" as soon as you start talking about anti-trust.