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Post by anuschickio on Apr 25, 2024 12:18:11 GMT -6
The context of the Doom Loop is the process and politics of this decay are the second-order results of central bank easy money (free fiat). That led to financialization becoming the city's core function and the subsequent loss of the city's previous mission. The people living in cities just haven't gotten the message yet.
As such, there is no reversing the process until the centralization of capital itself is reversed.
The typical media articles on metropolitan "doom loops" make it seem like not every city is headed down the path. Now that financialization does not require a physical presence, every city above a certain size will share the same experience. There will be local variations which impact the trend, such as a potential utility as a large pool of voters (i.e. a vote farm), but the decline is part and parcel of financial 'virtualization.'
It is inevitable.
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Post by anuschickio on Apr 26, 2024 7:49:33 GMT -6
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Post by anuschickio on Apr 26, 2024 8:23:35 GMT -6
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Post by anuschickio on Apr 26, 2024 9:59:04 GMT -6
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Post by anuschickio on Apr 26, 2024 10:08:42 GMT -6
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