Correct. You need institutional capital including the ability to switch between

Correct. You need institutional capital including the ability to switch between war(crisis), going concern, and windfall as needed. But the tendency of the people is to prefer unchanging stability despite that it doesn’t and can’t exist.


Source date (UTC): 2023-09-02 17:58:19 UTC

Original post: https://twitter.com/i/web/status/1698032621496799617

Reply addressees: @EdwardSpruit

Replying to: https://twitter.com/i/web/status/1698011727676232020

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