>>508156800 (OP)The US economy gas been entirely financialized meaning absolutely every single asset or commodity becomes a bubble as there is just too much money floating around the system as it is infinitely generated.
Unironically Marx was correct in his diagnosis of Capitalism eventually leading to this, where everything becomes so abstracted and alienated for the sake of efficiency in wealth generation that you can no longer have a functioning society anymore.
>>508157158Capitalism does need infinite growth, or rather it creates a Situation where this exists.
The issue is that growth becomes so abstract that eventually the only thing growing is speculative bubbles.
The reason things were better for โcommon peopleโ in the 1950โs to 70โs was because the USA was terrified of a soviet revolution so they came to an agreement with the working class putting their needs before that of capital.
By the 80โs this was dissolved to return back to full elite control and hyper-efficient wealth generation.