Skip to main content

View Diary: The Swan is still Black, and We're Still Screwed (212 comments)

Comment Preferences

  •  the reason we have bubbles (4+ / 0-)

    is that wealth and capital is so concentrated at the top that there is no real economy for it to invest in (and besides, that isn't as profitable as sheer bubble speculation), and eventually it collapses.

    it isn't psychology, it's a consumer base whose stagnant incomes can't match the speculators' need for perpetually growing profit margins and asset prices. fix the bottom, and the top won't swing as wildly.

    surf putah, your friendly neighborhood central valley samizdat

    by wu ming on Sat Jul 18, 2009 at 10:11:09 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (124)
  • Community (62)
  • Bernie Sanders (44)
  • Elections (33)
  • Hillary Clinton (27)
  • 2016 (27)
  • Climate Change (26)
  • Culture (26)
  • Civil Rights (23)
  • Environment (22)
  • Science (21)
  • Spam (17)
  • Labor (17)
  • Law (17)
  • Media (17)
  • Republicans (17)
  • Barack Obama (16)
  • Trans-Pacific Partnership (15)
  • White House (14)
  • International (13)
  • Click here for the mobile view of the site