It can! For a while. Isn’t that the nature of speculation and speculative bubbles? Sure, they may pop some day, because we don’t know for sure what’s a bubble and what is a promising market disruption. But a bunch of people make a bunch of money until then, and that’s all that matters.
lennivelkant@discuss.tchncs.de 3 hours ago
It can! For a while. Isn’t that the nature of speculation and speculative bubbles? Sure, they may pop some day, because we don’t know for sure what’s a bubble and what is a promising market disruption. But a bunch of people make a bunch of money until then, and that’s all that matters.
vritrahan@lemmy.zip 1 hour ago
The uncertainty of it is exactly why it shouldn’t suck up as much capital and resources as it is doing.
lennivelkant@discuss.tchncs.de 1 hour ago
Shouldn’t, definitely. But for a while, it will keep running, because that’s how a lot of speculative investment works.
vritrahan@lemmy.zip 26 minutes ago
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
knightly@pawb.social 3 hours ago
Tulips all the way down…