Subj : Re: Recession to Depression
To   : Arelor
From : Kaelon
Date : Tue Jul 12 2022 06:58:42

  Re: Re: Recession to Depression
  By: Arelor to Kaelon on Tue Jul 12 2022 02:56 am

 > I always hear Capitalism blamed for any politics involving growth at any
 > cost, but when I talk to Keynesians I always think the concept of shorterm
 > growth at any cost
 > is a Keynesian one.

I don't disagree with you.  To me, there's nothing wrong with capitalism - free and open markets have done more to improve the human condition than any managed system ever has in the history of civilization.  That said, the complete and unbridled / unregulated market economy has had significant costs associated with it - chief of which has been rampant speculation in unsecured assets (such as cryptocurrencies), unmitigated disasters in the private equity and venture capital pre-IPO spaces leading to colossal loss in shareholder value over time, and now, most recently, the uncontrolled essential commodities market leading to a supply chain crisis.

Capitalism with safeguards and proper institutional regulation is necessary in order to build a long-term vision that ensures that vulnerable investors are protected from exploitation, and that companies have to demonstrate their actual value so that informed investors can be - well, informed!  Private Equity, especially in technology, is largely responsible for obfuscating real value and there is now a reckoning where more than half of all technology companies in the world are fundamentally insolvent.

It is long overdue, IMO.
_____
-=: Kaelon :=-

---
 þ Synchronet þ Vertrauen þ Home of Synchronet þ [vert/cvs/bbs].synchro.net

.