“It would, in fact, take a catastrophic event involving the total dissolution of the US government and economic system for this to occur.”
As Hamlet would say, aye, there’s the rub. Economic collapse is actually far more frequent than is commonly believed, here survivorship bias of the US economy plays a staring role.
In the past century Chinese and Russian investments went to zero, not just stock but land, businesses, private property, it all went to zero. This is the largest country by land area and the largest by population. Given the average lifespan of empires is around 250 years, and the USA is going to be that soon in 2026, it may be even more likely.
Mathematically, do you believe perpetual growth in stock values and in concomitant asset inequality is feasible or even possible? Dubito ergo sum.
As Hamlet would say, aye, there’s the rub. Economic collapse is actually far more frequent than is commonly believed, here survivorship bias of the US economy plays a staring role.
In the past century Chinese and Russian investments went to zero, not just stock but land, businesses, private property, it all went to zero. This is the largest country by land area and the largest by population. Given the average lifespan of empires is around 250 years, and the USA is going to be that soon in 2026, it may be even more likely.
Mathematically, do you believe perpetual growth in stock values and in concomitant asset inequality is feasible or even possible? Dubito ergo sum.