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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52465277 No.52465277 [Reply] [Original]

If you want a schizo doomer take, I would say this mirrors the cycle of global trade and profitability that led to the first and second world war.
The new supply and value chains required for the carbon neutral economy will disrupt the geopolitical order and lead to earthshaking conflict.
Ukraine is just a prelude, largely the result of permanently shifting energy markets behind the scenes.
As the US and China decouple more and more, the disincentives that prevented conflict in the past shrink and shrink.
Just look at inflation; the Chinese economy roaring back to life would have the worst effect of anything on structural commodities inflation, the US is possibly perversely incentivised to cause conflict, just so it has an excuse to shut China out of global markets.

>> No.52465322

>>52465277
>bobo effortposting
bullish

>> No.52465583

>>52465277
Daily reminder that finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value. Ever escalating recessions, poverty, debt, wealth inequality, monopolies, disease, pollution, exploitation, slavery, conflict and wars are fundamental, necessary and intended principles of it, NOT glitches, and every single financier or crypto dudebro is a literal parasite

Obviously history will repeat itself since we have made 0 changes and we still operate in a capitalist society

>> No.52465695

>>52465583
>All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value

You took it too far here. There are financial tools which are stabilizing the economy or facilitating trade. Large farms or metal recycling companies need to hedge against price volatility by using futures contracts. A well managed currency saves a lot of time that would be spent on calculations and changing price tags.

>> No.52467125

>>52465695
>Large farms or metal recycling companies need to hedge against price volatility by using futures contracts
Lol, no.
With a strong enough social safety net, farmers can bear most of the risks associated with their work without having to worry about ending up on the streets. Maybe we need a few insurance companies, but futures speculators? Hell no.
>A well managed currency saves a lot of time that would be spent on calculations and changing price tags
Money should be issued debt-free by the state. It should be debt-based money "loaned" by a privately-owned central bank that creates it out of thin air just like the government would anyway. Money should also have a legally imposed limitation of issue in order to prevent excessive money printing and runaway inflation, which are just ways to tax away the purchasing power of the commoners without calling it a tax.

>> No.52467167
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52467167

>>52467125
>It should be debt-based money
*It shouldn't be debt-based money