By the end of the millennium, capital is effervescent, sloshing around the system thanks to a friendly regulatory environment, the rise of financial engineering, an intensification of natural resource extraction, and wage concessions exacted from a defeated labour movement. It then floods into the tech sector, buoying up valuations beyond what can be sustained even by a market this irrational. When the bubble bursts in the form of the dot-com crash, leaving behind job losses and half-baked promises in its wake, the money simply sidles over to more promising ventures, like inflating real estate
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