Post

The people in charge of money love fascism. This is a problem. Fascism leads to murder and worse lives for everyone. This is then s problem. Markets going up mean societies going to hell.

Kate Mackenzie@katemac.bsky.social

been wondering all day about why such an extreme sell-off in Brazil markets on Lula's victory, thankfully @johnauthers.bsky.social has unpacked - just how extreme it was (Black Monday / currency deval levels!) - maybe why it happened (tired int'l market risk perceptions?) - why it's unwarranted

0 reposts1 like

Short term it is logical. Democracy and free market competition lower profit. Dictatorship and monopolies raise profits. But it does not work long term