Specifically, there's 71% left to go.https://twitter.com/CNBCTechCheck/status/1395785121861718021 …
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Unlike many people, I see capitalism more of a glorified lifehack than a worldview. You reward individual greed when the greedy person makes stuff a lot of people want or need, and it works. But today that profit motive is aligned with extracting investment, not making stuff
Why this constipated capital just sloshes around, with investors increasingly desperate to allocate it, while the physical world around us stagnates and wages are low, remains a mystery to me. America used to be good at this kind of thing!
I wish I had a @matthewstoller-like Big Theory about this glut (everything is monopoly!), but I don't. What changed after 2008 to kill innovation and real investment dead?
Look at all this sweet moolah. Why can't it get down to building factories and trains and spaceports and so on?pic.twitter.com/kJS4xGcLSz
I feel like I increasingly don't understand anything that happened after the 2008 financial crisis
I still remember the 2008 crisis explanation "A Giant Pool of Money", and I see the same problem remains
Because people don't want to, ideologically, allow other people to have "their" money.
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