Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
We’ve seen this one before - can we skip past the decades of oppression and bloody revolt, and straight back to worker enfranchisement and something resembling a civilised, free, meritocratic society please?
What do you call what we have now, where the rich keep getting richer and everyone else just rents from them? Obviously inflation doesn’t stop feudalism.
Safer investments like bonds used to be the way, but were subdued by near zero interest rates for so long.
So feudalism it is then?
We’ve seen this one before - can we skip past the decades of oppression and bloody revolt, and straight back to worker enfranchisement and something resembling a civilised, free, meritocratic society please?
What do you call what we have now, where the rich keep getting richer and everyone else just rents from them? Obviously inflation doesn’t stop feudalism.
Late-stage capitalism bordering on neo-feudalism.