As far as I can tell, the flow of cheap money stopped when inflation started. This means all their portfolios of free stocks inflating the market stopped. These people all live in a world of 6 months to profit, and thus the market forces at work mean for them to demonstrate anything for their next fleecing of shareholder value, they need to trim budgets.
Prior to this, they could just get low interest loans to do whatever financial engineering they wanted to demonstrate growth and get their bag. That is over, now the only way to get the bag is firing people.
So, it's not just that they're all in a capitalist polycule, but is is that they all just live in the same bubble of irrational short term reasoning.
Prior to this, they could just get low interest loans to do whatever financial engineering they wanted to demonstrate growth and get their bag. That is over, now the only way to get the bag is firing people.
So, it's not just that they're all in a capitalist polycule, but is is that they all just live in the same bubble of irrational short term reasoning.