Quote Originally Posted by Logen Ninefingers View Post
It’s being called ‘capitalism’ and yet it is the intervention of central banks and governments in markets that have caused this entire problem. Different arms of the state have deliberately inflated asset bubbles and continue to intervene to prop them up.
Agreed, if Chloe can identify the people and policies behind the rising wealth inequality they can address the issue, but I doubt the rest of the greens have enough brains to get past their ideology and work it out. Central planners at the central banks are largely responsible. See how the RBNZ turned around a predicted 10% fall in house prices prior to covid into a much more than 30% rise over the last two years. Drop the OCR to .25% and print up $70bill to assist bank lending. Easy as. Easy to reverse as well but it wont happen. No political will to do it.