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Richard J Murphy
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Comments by "" (@charliemoore2551) on "Will falling stock markets lead to a recession?" video.
Boom and bust is a feature of "free" market capitalism generally but this is accentuated in the finance capitalism we currently have because many of the financial "products" which drive up the stock market are Ponzi style scams which will inevitably fold as soon as it becomes clear that they have no substance: They rise in price because people are buying them and people are buying them because they are rising in price. Sooner or later, someone looks down and sees that there is nothing underneath them and then gravity takes over.
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