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.
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.
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.