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[-] Shard@lemmy.world 35 points 2 years ago* (last edited 2 years ago)

Cause they get rich during a recession by buying things on the cheap because the over-leveraged middle class suddenly can't afford things and have to discard them to remain solvent. They sell off the extra car or dump their shares for cash to make ends meet.

How do you induce a recession/downturn? By writing about an impending collapse. If enough people believe you, they'll tighten their figurative belts, save more and spend less, causing the very recession you wrote about.

(Above is oversimplified by you can see the general logic)

this post was submitted on 17 Oct 2023
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