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Joined 5 months ago
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Cake day: November 25th, 2024

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  • I disagree on the basic idea that a stock market loss doesnt destroy capital.

    For me the definition of a capitalist society, is that the revenue of capital out perform the revenue of work. Based on that, if a stock market stop providing crazy return. Then the revenue of capital is reduced. Hence you move toward a less capitalistic society.

    But as you said there are always other capital owner (Warren Buffet at the moment) to keep the system afloat, and it will just be a reorganization of wealth between wealthy.