I think the first shocks obliterate wealth in the stock market and then the long trough/recovery is where they exact their pound of flesh back from the people they have power over.
Yeah, the market collapse tends to act as the catalyst. As the market falls, companies go out of business, and bigger capitalist can devour smaller ones. Meanwhile, all the workers end up being let go, and as people lose jobs they let go of their assets next.
I think the first shocks obliterate wealth in the stock market and then the long trough/recovery is where they exact their pound of flesh back from the people they have power over.
Yeah, the market collapse tends to act as the catalyst. As the market falls, companies go out of business, and bigger capitalist can devour smaller ones. Meanwhile, all the workers end up being let go, and as people lose jobs they let go of their assets next.