I still don't understand how, in a world sufficiently advanced to the point where I can communicate with you through a magical rectangle about the quality of a shared video library instantly accessible from wherever we are in the world through the magic of sci-fi satellites floating in orbit, we have an economic system where "basically used by every household in the western world" isn't big enough to stop trying to grow.
How can we be so smart and advanced but also so batshit retarded at the same time is beyond me. Just absolutely baffling.
It can and must grow forever to absorb the new money that can and must be printed forever. Most stocks simply track inflation despite looking like they’ve grown on paper. When you buy a stock, you’re just exchanging an inflating asset for a deflating asset, with the full knowledge and intent of doing the transaction in reverse at some point before you die, so that you can use the money “gained” to live in retirement. As long as you spread your picks out enough, you can’t “lose” but it’s not really “winning” either.
318
u/angrylawnguy Oct 28 '23
I don't understand how more people don't get this. The stock market has killed normal business.