This feels like a sign of something very bad happening soon
The only hope is China spoils the party.
Something one could say about a high fever being a sign of the immune system working. There are obvious temporary and permanent risks to how the system works, and there are limits beyond which everything simply breaks down. It's best not to have a fever at all.
Well put. Indeed non-free market solutions typically rely on some impossible conditions, in your comparison that would be "just don't get sick". But people will get sick. You can't just "not have a fever at all".
PPE, quarantining and other containment measures exist to broadly prevent sickness, but I imagine not in a universe that is about the free market at all costs, to strain the allegory further. If people keep getting sick with a recognizable pattern, someone ought to look into that, and prevent future outbreaks.
But people won't wear PPE and quarantine and do other containment measures (and not because of free market). Also PPE, quarantining and other containment measures are not perfect and probably will never be. So yeah, again naive, idealistic view that perfectly fits naive anti-free market narratives that require impossible conditions to work.
Of course, my hallucination does not dismiss the possibility that we are in a bubble. Wasn't CSCO something like 200x PE during the dot com bubble? People see immense potential in an idea but don't know how to properly price it, and so we get what is seen as essentially infinite expected growth priced into companies and their products.
My $3k laptop has nearly the best components on the market right now. The problem is that it has a poor build (MSI) and is falling apart in a way that's not repairable. I looked into purchasing an equivalent-or-better laptop, and I couldn't find anything under $6 for essentially the same specs, and over $10k for a significant upgrade. Though I need my laptop for work, I decided just to ride it out till it's death.