It’s even more insidious than that. Majority of the population needs recurring income to operate. This includes private individuals and businesses. When the crash happens and people aren’t able to sustain a level of income to service their costs then lots of people become insolvent and are forced to sell off their assets for pennies on the dollar. This is great news for billionaires who can then swoop in and buy up everybody’s assets on the cheap. This is why crashes always lead to further wealth concentration.
This is what a pyramid scam is all about. Throughout history, for as long as capitalism has existed, every crisis ended either with a war or not, but in any case the rich have become richer with this one.
As with any Ponzi scheme, the drivers of this system collapsing disappear with the bucks, leaving the bankrupt losers who believed in the system behind.
It’s even more insidious than that. Majority of the population needs recurring income to operate. This includes private individuals and businesses. When the crash happens and people aren’t able to sustain a level of income to service their costs then lots of people become insolvent and are forced to sell off their assets for pennies on the dollar. This is great news for billionaires who can then swoop in and buy up everybody’s assets on the cheap. This is why crashes always lead to further wealth concentration.
This is what a pyramid scam is all about. Throughout history, for as long as capitalism has existed, every crisis ended either with a war or not, but in any case the rich have become richer with this one. As with any Ponzi scheme, the drivers of this system collapsing disappear with the bucks, leaving the bankrupt losers who believed in the system behind.
yup