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by chrisco255
353 days ago
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Look at Nvidia (also US company) instead of Intel, it's what now, a $3T market cap? BTW, that capital was created, not hoarded. Many companies fade from glory or their peak at various times, but capitalism ensures that a dynamic and ever-shifting set of companies is thriving based on demand and efficiency. The train keeps going. |
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That form of capitalism is dead. There is no free market anymore (if there ever was). We currently have crony capitalism that operates on being able to secure cheap capital through "other" means.
There is no more efficiency in the current markets. Everything is massively over valued. Financial engineering is the name of the game. Major banks gamble with our money and when they collapse they get bailed out. That is not market efficiency.
> The train keeps going.
The only train that keeps going form here on out, is larger companies swallowing smaller companies. And the top siphoning wealth from the bottom.
Real capitalism would have had several market correction in the last 15 years, but the USA just keeps on printing money.