this post was submitted on 13 Oct 2024
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[โ€“] Screamium@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

If something does happen to the stock market, we'll all be fucked.

I don't think that's true. Even though all the things you mentioned should be diversified, if something terrible effects the markets then there will be bail outs, rate cuts, and/or money printing. What I had in mind though, is that infinite growth is impossible in our finite universe. And there's no bail out for our planet, yet no one cares that we're all fucked if it becomes uninhabitable

[โ€“] kambusha@sh.itjust.works 1 points 3 weeks ago

I agree with you, it's fucked. It's also the reality we live in for now, unfortunately, until something changes, and I don't see any change coming soon. We're probably more likely to see our first trillionaire before that, unfortunately.