Steve Randy Waldman on Nostr: the financial crisis we are on the verge of has simply to do with the huge share of ...

the financial crisis we are on the verge of has simply to do with the huge share of wealth and income embedded in financial assets and returns, wealth levels sustained by prices only justifiable if those returns continue indefinitely at rates much faster than the growth of the economy as a whole. a financial crisis is ultimately a form of social conflict. 3/