Comment by burnt-resistor
1 month ago
And that 20-30% real unemployment from arbitrary, consultant-led mass firings creates zillions of people who primarily consume only minimal goods and services after no longer having disposable income or retirement capital to plow into financialized investments. Also, a surplus of idle, disgruntled people hasn't led to many historically positive outcomes.
That second sentence there... I think on that topic often. America in particular has a very restive population. We all benefit from that poltical and social stability in many ways and it could all fall apart... to the benefit of basically no one.