The entire world economy right now is a human centipede of 7 giant companies devouring each other's shit
>>541540057nah, just the american economythe rest of the world actually produces things that matter
>>541540174>'produces things that matter'the Real Economy of goods-services-commodities may as well not even exist (even for the giant corporations themselves and their own product: most corporations today shovel all their profit into buybacks of their own stocks to artificially boost equity vlluations)post-1970s global economy is FinancializedAll wealth today / in 21st century is generated, sourced from (no, not 'work', 'capital' or 'labor') *speculative debt instruments*>>541540057>7 giant companiesjust the Nasdaq and (most of valuation on) S&P500Global economy, GDP etc. is *not* the stock market / equities
post-1970s global economy is FinancializedAll wealth today / in 21st century is generated, sourced from (no, not 'work', 'capital' or 'labor') *speculative debt instruments*
the Real Economy of goods-services-commodities may as well not even existeven for the giant corporations themselves and their own product: most corporations today shovel all their profit into (no, not manufacturing capex improvements of their own product-service) buybacks of their own stocks to artificially boost equity valuations
