> After all, if next month can be started over, what loss is there in speculating with this month's money?
Written by: jez
Compiled by: AididiaoJP, Foresight News
What is "long-term degeneracy"?
"Long-term degeneracy" is a mental model centered around super gambling. In the author's words, long-term degeneracy represents "a belief that the world will only become more degenerate, financialized, speculative, lonely, tribal, and bizarre."
The simplest and most comprehensive explanation for this trend is:
As the actual return rate continues to decline, people often resort to increasing risk to compensate for losses.
The reasons discussed below are varied, but I hope that after reading this article, as a smart reader, you will return to this sentence and deeply agree.
Korea is the canary in the coal mine, with a stark wealth gap.