I don’t think that’s actually it, it’s just a new market, so capital floods in there as the rate of profit is initially much higher. Older markets have lower and lower rates of profit, but new ones can manifest much greater returns before the fad becomes oversaturated.
Simple failures of capitalism at play, nothing nefarious. If the wealthy wanted to fully automate society, the US wouldn’t be de-industrializing over time. Capital can’t plan for the future on its own, we need socialism to take control back from it.
I don’t think that’s actually it, it’s just a new market, so capital floods in there as the rate of profit is initially much higher. Older markets have lower and lower rates of profit, but new ones can manifest much greater returns before the fad becomes oversaturated.
Simple failures of capitalism at play, nothing nefarious. If the wealthy wanted to fully automate society, the US wouldn’t be de-industrializing over time. Capital can’t plan for the future on its own, we need socialism to take control back from it.