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by quantified 1 day ago
That chain of events assumes that course correction loops don't occur. Producers won't overproduce for more than a fiscal quarter, maybe two. It'll be messier than that. And investors will pull their money out of anything unprofitable and put it somewhere else. There will be somewhere else.

Think about this social disruption: if money doesn't have meaning, what does the plutocracy do to stay relevant and keep their islands and relative wealth? How will those things be defined?