Anti-Capitalist Sentiment (with some morality)

[a500lbgorilla]

What happened was a spectacle. People thought they found a new honey, and the same old ancient drives that dictate what you do when you find honey had them pumping up that bubble.

[Renton]

What happened was a spectacle. People thought they found a new honey, and the same old ancient drives that dictate what you do when you find honey had them pumping up that bubble.

Do you think speculators are this stupid, even in the 1600s? That there weren't shrewd ones who jumped ship early and made off rich? Any non-fool understands the risk involving in speculating during a possible bubble, and he accepts that risk or sells off. Yes there were apparently a lot of people who didn't see it coming, but I don't think its an inevitable consequence of lizard brain that bubbles happen. And finance has come a long way in 400 years. Also, the government has been directly responsible for the worst bubbles of the last 200 years, so again, I don't see a favorable comparison to market behavior in this regard.

[a500lbgorilla]

Do you think speculators are this stupid, even in the 1600s? That there weren't shrewd ones who jumped ship early and made off rich? Any non-fool understands the risk involving in speculating during a possible bubble, and he accepts that risk or sells off. Yes there were apparently a lot of people who didn't see it coming, but I don't think its an inevitable consequence of lizard brain that bubbles happen. And finance has come a long way in 400 years. Also, the government has been directly responsible for the worst bubbles of the last 200 years, so again, I don't see a favorable comparison to market behavior in this regard.

The bubble actually happened. Many someones fell on the stupid side of things.

[Renton]

The bubble actually happened. Many someones fell on the stupid side of things.

How do you know they were stupid? What if they they were making bets that had an 5/6 chance of winning X and a 1/6 chance of losing 4X? That's a perfectly profitable bet to make even if you lose big 1 out of 6 times.