Cities’ “Doom Loops”
April 24th, 2024Via: Of Two Minds:
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.
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This is why those who understand these dynamics are getting out, even though the city was their home.
