Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
This is by design. Retirements are more and more tied with risky markets because then the rich can hold everyone else hostage since it’s not just them feeling the pain of a market crash. The insanity has to stop at some point or we’re all going to be held hostage forever. Regardless, the amount that most individuals actually have is little and often isn’t enough to actually retire on anyway.
We’ve seen this one before - can we skip past the decades of oppression and bloody revolt, and straight back to worker enfranchisement and something resembling a civilised, free, meritocratic society please?
What do you call what we have now, where the rich keep getting richer and everyone else just rents from them? Obviously inflation doesn’t stop feudalism.
This is by design. Retirements are more and more tied with risky markets because then the rich can hold everyone else hostage since it’s not just them feeling the pain of a market crash. The insanity has to stop at some point or we’re all going to be held hostage forever. Regardless, the amount that most individuals actually have is little and often isn’t enough to actually retire on anyway.
What’s the out that doesn’t see you screaming backwards thanks to inflation?
Safer investments like bonds used to be the way, but were subdued by near zero interest rates for so long.
So feudalism it is then?
We’ve seen this one before - can we skip past the decades of oppression and bloody revolt, and straight back to worker enfranchisement and something resembling a civilised, free, meritocratic society please?
What do you call what we have now, where the rich keep getting richer and everyone else just rents from them? Obviously inflation doesn’t stop feudalism.
Late-stage capitalism bordering on neo-feudalism.