• TheDemonBuer@lemmy.world
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    3 months ago

    They’ll get it back. Dips are only ever temporary and markets always go up, over time. This will be true forever, until the heat death of the universe.

      • andrewta@lemmy.world
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        3 months ago

        Capitalism has been with us since basically the beginning of humans if you think about it. The odds of it dying is about the same as you winning the powerball lottery 6 times in a row.

        • FundMECFSResearch@lemmy.blahaj.zone
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          3 months ago

          ?

          Capitalism is a very recent concept in human history.

          Only by conflating economics and capitalism could you come to the conclusion you just did.

          • DragonTypeWyvern@midwest.social
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            3 months ago

            If you consider capitalism to be exploiting labor for profit, sure. If you consider it the relatively precise description advanced in the 17th century onward, no.

            • FundMECFSResearch@lemmy.blahaj.zone
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              3 months ago

              Agreed, capitalism, in it’s textbook definition form only started existing around the industrial revolution when it succeded the mercantilist status quo.

              Exploiting labour for profit can happen in any economic system, in practice.

        • cheers_queers@lemm.ee
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          3 months ago

          how could a government system based around money have existed long before money existed? let’s think things thru before we post

          • andrewta@lemmy.world
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            3 months ago

            Don’t need currency for capitalism. There is bartering. I could start a company and pay my people in eggs bacon and cheese

      • TheDemonBuer@lemmy.world
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        3 months ago

        I think capitalism’s resilience has surprised a lot of people. Although, maybe it shouldn’t have. As long as capitalism is able to make some people unfathomably wealthy, there’s no reason to believe it’s going anywhere.

    • SkyeStarfall@lemmy.blahaj.zone
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      3 months ago

      That’s only true for as long as growth under capitalism is possible, and until we have access to infinite resources, infinite growth is not possible.

      • TheDemonBuer@lemmy.world
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        3 months ago

        I suppose it will have to stop growing eventually, but who knows when that will be. I don’t think anyone knows where the limits to growth are. By many estimates we are already exceeding some ecological boundaries, significantly, in some cases, yet growth continues more or less unabated. I don’t expect I’ll see an end to growth in my lifetime.

      • NotMyOldRedditName@lemmy.world
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        3 months ago

        You cant add another 0 to bitcoin unless you figure out how to convince more than 51% of miners to do it, the majority of users, and not collapse the price at the same time.

          • NotMyOldRedditName@lemmy.world
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            3 months ago

            Wtf are you even trying to say.

            To make a change to the protocol, you need 51% of the miners to agree and implement it when blocks are mined.

            But 51% of the miners isn’t enough because the users themselves can also revolt and fork away, which would destroy the price.

            To add a 0, you’d need a massive (*super) majority buy in from all sides.

            How much bitcoin anyone owns, even if someone owned 100% of it, has absolutely no bearing.

              • NotMyOldRedditName@lemmy.world
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                3 months ago

                Then enlighten me, what does

                Since the economic system gone fully electronic there is nothing which can stop adding another 0.

                What are they adding the 0 to? Why does it have to be with our system being electronic?

                • TheBigBrother@lemmy.world
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                  3 months ago

                  An electronic system it’s easier to manipulate and it’s infinite, so if you thought capitalism will fall like Marx said, you are pretty wrong nowadays, capitalism it’s virtually infinite.

  • Subverb@lemmy.world
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    3 months ago

    “swiped from their fortune”… If my 401(k) fell in half overnight, the media wouldn’t say it was swiped from me, they would say my retirement saving has “sagged” or somesuch.

    For us old-timers, it reminds me of this scene in the Carl Sagan movie Contact where the ultra-rich SR Hadden played brilliantly hy John Hurt is talking to Jodie Foster’s character, Dr. Arroway.

    a final gesture of good will to the people of this little planet that have given… sputters … from whom I have taken so much.

    • skuzz@discuss.tchncs.de
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      3 months ago

      His character hilariously still did more with his money for Earth than the real life billionaires. “Why build one, when you can build two for twice the price??”

  • GoofSchmoofer@lemmy.world
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    3 months ago

    …And yet they are all still billionaires.

    Remember this in the future when you hear these people complain about higher taxes, they weathered this “loss” quite easily. So they can weather the “loss” of some of their wealth to actually support the country that allowed them to make billions in the first place.

  • Flying Squid@lemmy.world
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    3 months ago

    And yet he still has so much money that if any one of us picked up a $20 bill every second for our entire lives, we still wouldn’t come close to having the amount of wealth he has.

    It’s just obscene.

  • some_guy@lemmy.sdf.org
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    3 months ago

    What’s more, a report from the Labor Department indicated the U.S. economy added around 61,000 fewer jobs last month than expected.

    Plus, with unemployment at 4.3%—the highest since October 2021—concerns of a looming recession are getting louder.

    Yet they kept telling us we were fools for not believing their “strong economy” stories.