whodrankarnoldpalmer@startrek.website to World News@lemmy.worldEnglish · edit-29 days agoCircuit breaker triggered in Japan for stock futures tradingwww.wsj.comexternal-linkmessage-square52fedilinkarrow-up1345arrow-down13file-textcross-posted to: [email protected]
arrow-up1342arrow-down1external-linkCircuit breaker triggered in Japan for stock futures tradingwww.wsj.comwhodrankarnoldpalmer@startrek.website to World News@lemmy.worldEnglish · edit-29 days agomessage-square52fedilinkfile-textcross-posted to: [email protected]
minus-squaredouglasg14b@lemmy.worldlinkfedilinkEnglisharrow-up19·9 days agoIt’s for sure plausible. Whenever a collapse happens, the rich get richer by buying up cheap assets, like houses and land. And since corporations are immortal, these assets will forever be owned by them generations into the future. It’s fiefdom, except that it’s much MUCH more stable over time given modern economies.
minus-squareCryophilia@lemmy.worldlinkfedilinkEnglisharrow-up10·9 days agoIf and only if the corporations can maintain control of the government, which has the power to destroy them. They’ve had total control for almost a century, so that’s fairly stable, but it still would only take a few motivated populists to wrest control.
It’s for sure plausible.
Whenever a collapse happens, the rich get richer by buying up cheap assets, like houses and land.
And since corporations are immortal, these assets will forever be owned by them generations into the future.
It’s fiefdom, except that it’s much MUCH more stable over time given modern economies.
If and only if the corporations can maintain control of the government, which has the power to destroy them.
They’ve had total control for almost a century, so that’s fairly stable, but it still would only take a few motivated populists to wrest control.