Another Bubble, Another Crisis, Another Recession

Eldiario.es

Lean Left

Factuality

Ownership

Before the big bonfire, the stock bubble swells to implausible extremes. At the time, the bubble bursts SpaceX and Elon Musk’s “libertarian” tale: “It never was, it uses the public sector as a source of power and profit.” Capitalism has never been able to self-regulate itself. But it is able to purge itself periodically into an orgy of bankruptcies after which only the strongest survive. Hundreds of billions of dollars burn in a bonfire, the mos…