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jlb77
·2 ปีที่แล้ว·discuss
Pretty simple. Replace Profit with Quality of Life metrics.

But the Elite (those who own the most land, spectrum, mining rights, licenses, monopolies, shares, overseas tax avoiding shell companies etc) cant do it cause of their own mental programming since birth.

Making the same mistakes, suffering from the same halucinations the British Elite did as their unsustainable Empire wound down.

That said at the individual level all this doesnt matter. People will move to where ever the opportunities are as they always have.
jlb77
·2 ปีที่แล้ว·discuss
Financilization of the economy, is when the finance sector(real estate,stock market,banks,insurance) grows faster than all other sectors of the economy. Cycle ends in 2 ways valuations reset after a bust or debt is written off after a bust.

That said what happens at the scale of the economy is like talking about an ocean. What an individual fish does is upto the fish.