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by kjkjadksj 857 days ago
The key word is “once.” The doom of american society will not be in the timespan of a single business quarter. And on top of that the short position improves the whole way down. People at the top of the economy aren’t concerned about the rag being wrung dry because they will be the ones doing it, which will give them such a lopsided resource advantage it hardly will matter to them what happens next for the rest of us.
1 comments

Economies aren't about "resources" or "wringing things dry", they are about trading. If you're not trading you don't have an economy and you aren't rich.