this post was submitted on 20 Feb 2026
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[–] kingofras@lemmy.world 135 points 1 day ago (6 children)

It’s called Imaginary Economics.

It tends to happen right before a capitalist system fails.

[–] BreakerSwitch@lemmy.world 2 points 12 hours ago

Is this a thing? Because what comes to mind for me is "the market can remain irrational longer than you can remain solvent," which just happens sometimes

[–] victorz@lemmy.world 70 points 1 day ago (2 children)

It tends to happen right before a capitalist system fails.

How often does this happen that we can claim this correlation? 🤔

[–] Venator@lemmy.nz 34 points 1 day ago (2 children)

About once every 350 years... With a sample size of 3... 😅

[–] Cocodapuf@lemmy.world 5 points 15 hours ago (1 children)

So you're saying which empires/systems exactly then?

Spain perhaps? The Holy Roman empire?

[–] Venator@lemmy.nz 1 points 8 hours ago

I was averaging roman, British and Mongolian empires, based on Google AI summary, so take that with a pinch of salt 😅 🧂

[–] victorz@lemmy.world 11 points 1 day ago

Better than no samples I guess!

[–] blah3166@piefed.social 27 points 1 day ago

Can I coin the term imagineomics?

[–] UnderpantsWeevil@lemmy.world 7 points 1 day ago (2 children)

I'm not holding my breath.

We've been hearing about an AI crash practically since the hype train started.

[–] daddycool@lemmy.world 2 points 14 hours ago

It's the biggest bubble seen to date. It has all the characteristics, and it will crash eventually.

People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that'll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.

[–] boatswain@infosec.pub 13 points 1 day ago

[citation needed]

[–] 1984@lemmy.today 11 points 1 day ago

When has this happened before?