Every crisis under capitalism resulted in gigantic wealth transfer to the ultrawealthy. They get to scoop up devalued enterprises and properties for cheap while regular people lose their homes, small businesses, farms and whatnot. I actually think people who plan their wealth in centuries care very little about price fluctuations on their medieval palaces, multinational corporations, intellectual property, art collections and so on. They understand the value does not equal price. It’s the regular folks who pay mortgage on their only house who care about currency stability.
Every crisis under capitalism resulted in gigantic wealth transfer to the ultrawealthy. They get to scoop up devalued enterprises and properties for cheap while regular people lose their homes, small businesses, farms and whatnot. I actually think people who plan their wealth in centuries care very little about price fluctuations on their medieval palaces, multinational corporations, intellectual property, art collections and so on. They understand the value does not equal price. It’s the regular folks who pay mortgage on their only house who care about currency stability.
Woah. “A fool knows the cost of everything and the value of nothing,” just took on a whole new meaning.