Just checked on Wiki, it said the dotcom bubble was during 1995-2001. So this period shown is the popping of the bubble.
So if the cause is really related to the dotcom bubble, then that is telling us that, in the current system, only when ultra-rich lose money bigly would there be more equality.
Absolutely, my theory here is that a lot of wealth was lost in the bubble at the top and at the same time a thousand low level Zuckerbergs entered the scene increasing the wealth a few levels below the top.
Wealth is mostly in stocks. The value of those stocks has no direct connection to the efficiency, price, or quality of whatever the company does. It’s all based on how hyped the company is. Just look at Tesla’s value compared to the cars they’ve actually made.
So fucking corrupt. They already have everything. They don’t need to also have the damn government which has propped them up and served their interests anyways! This is madness!
I think showing the wealth gap between the average American and the top 1% is an even better depiction of this. That gap has never been larger. Even during the Great Depression it wasn’t this large.
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So if the cause is really related to the dotcom bubble, then that is telling us that, in the current system, only when ultra-rich lose money bigly would there be more equality.