Was just trying to explain to someone why everything is going to shit, specifically companies, and realized, I don’t fully get it either.
I’ve got the following explanation. The sentences marked with “???” are were I’m lost. Anyone mind telling me, if they’re correct and if so, why?
The past few years, central banks were giving out interest rates of 0% or even negative percentages. Regular banks would not quite pass this on, but you could still loan money and give it back later with no real interest payments.
This lead to lots of people investing in companies. As long as those companies paid out more money than those low interest rates, it was worthwhile. But at the same time, this meant companies didn’t have to be profitable, because they could pay out investors from money that other investors gave them???
This has stopped being the case, as central banks are hiking interest rates again, to combat inflation???
I guess you’ve never tried to breath in Delhi or Shanghai
I am from India… but I will not specify the state. I do know how metro cities’ air feels like.
Then why claim only the Anglo sphere is burning?
It doesn’t make sense to me
Because capitalism is not as dominant and is much weaker outside of Anglosphere. There is some sense of collectivism. OP’s claim of everything going to shit is a doomer take based on their surrounding environment which is, with good probability, an Anglo country.