401 karma · joined May 17, 2011
There is a way out of this joke. Keep your heads up and don't give up.
If Capitalism 4.0 is really capitalism I would leave to everyone's discretion. It is about to end in an really really ugly way though.
P.S. The book distinguishes between american 'democratic capitalism' and chinese state-run capitalism, but I personally don't see how the democratic one based on money printing[1; the stock market growing 20% a year with GDP only 2%] is any different or capitalism in any way.
1. https://www.businessinsider.com/qe-correlations-between-stoc...
Btw this sort of state-run "capitalism" isn't really socialism either, to me it is more reminescent of the 1930s in Southern Europe.
Is this the same repo that is in Archlinux AUR?
I do - over the last 10 years of extensive money printing companies seemed to be healthy, but gathered structural problems, which were not only not solved, but deepened by expanding regulations and such. Just before the crisis started most of the investment grade instruments were BBB (one slight blow away from junk).[0]
In December there was a presentation by the local Mieses Institute where a hypotetical scenario similar to what is happening right now (it was a war near EU + another migrant wave leading to in-EU border closures and state of emergency in multiple countries) was played out. What was predicted is extremely similar to what is playing out right now, though the initial shock was supposed to be weaker. I am really sorry the presentation was not in English, it really had all my thoughts put together in a very coherent way.
Keep in mind that the 30% drop is just market panic. There have been no bankrupcies, defaults and layoffs yet. This is when the fun is going to start.
Another thing that was predicted exactly was that if you look deeper, beyond the indexes, at how the first tranche of the $1.5 trillion package was spent you'd see that hot companies like MSFT restored their value, while troubled ones like UAL received almost nothing. So the bankrupcies, defaults and layoffs have not yet begun and we are already 30% down. What is going to remain after they're done?
0. OECD - "Figure 8. Composition of the investment and non-investment grade categories" https://www.oecd.org/corporate/Corporate-Bond-Markets-in-a-T...
P.S. The rest of the OECD report makes for a very very interesting reading in a time like these. But what you're looking for in it is how at year 2000 most common investment grade is A followed by AA and BBB about even, while now it is a total clusterfuck (with apologies).
And as the entire stock market is based on trusth, the long-term and even mid-term results are horrendous and totally not worth it.
Basically, the components in a 80-250 EUR guitar pedal are worth around 5-15 EUR and the rest is intellectual property. So it is possible to pirate hardware as well.