• Blurntout
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    19 hours ago

    What’s your take on our current markets trajectory when considering a globally aging population with a disproportionate share of wealth / participants heading towards being net beneficiaries rather than contributors?

    Personally I’m leaning toward inevitable collapse before you even attempt to factor geopolitical stability into the equation lol

    The land grabs and foreshadowing with focus on extractive and tangible economic development gives me a sense that some state actors also see similar writing on the wall .

    Curious on your thoughts :) thank you for the responses!

    • bitwise
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      18 hours ago

      Unfortunately, I think you’re right. As long as property can be owned indefinitely with inconsequential payments into the system (property tax), the race to own useful land will be the last chance for people to establish their own rent-seeking behaviour.

      Eventually, the bottom of the pyramid gets crushed or gives up trying to hold the rest of it up. Guess we’ll find out soon enough :(

      • Blurntout
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        17 hours ago

        When you think about the percentage of corporate evaluations that are construed of intangible assets it gives me some hope that it’ll topple more like jenga than the bottom of a pyramid 😅