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by anonymousab
591 days ago
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One of the common meme answers is that a destroyed economy is easier and cheaper for an international megacapitalist to pick apart and buy up. The long-term profits and power from those acquisitions outweigh a decade or two of inconvenience and bad charts. It can make more sense to buy pieces of a company during a bankruptcy firesale, instead of buying out that company as a bailout. In this case, the company is the USA. EDIT: Realistically, there's more blood to squeeze from the consumer stone - you can raise prices with the increased costs, and compensate by 'allowing' people to go far further into debt for longer. |
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It stresses the bounds of my ability to take the question at good faith or seriously, if Marc Andreessen is the example of "financially sophisticated." His technolibertarian California-ideology unchecked-rule-by-the-rich fervor doesn't feel well considered, it feels emotional. (If there is an ideology, it's "America's greatness is purely a function of my personal greatness", from what I can see.)