Yeah this is literally what happened in 2008. Economic instability stopped banks from lending to would be individual home buyers, but corpos bought up everything they could eagerly with a 20% price cut.
Yeah this is literally what happened in 2008. Economic instability stopped banks from lending to would be individual home buyers, but corpos bought up everything they could eagerly with a 20% price cut.
MajorasTerribleFate@lemmy.zip 1 week ago
Economic instability is generally better for the people who can weather the storm, i.e. those with resources to spare, because (as you say) they can buy assets on the cheap when the less fortunate run out of cash to survive on and have to liquidate.
It’s long periods of stability that seem to let the lower classes build up a little. Yet another reason why war and strife is of benefit to the rich.