By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026The residue that is left behind by *every* bubble is subsidized, but that subsidy doesn't come from the deep-pocketed investors who are gripped by "irrational exuberance." 34/ 1210
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026It comes from mom-and-pop, normie, retail investors who have been tricked into giving their money to the insiders who inflated the bubble. 35/ 1261
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026From Worldcom to Enron, from crypto to AI, the point of the bubble wasn't ever the residue or lack thereof - it was a transfer from working people to crooks. Bubbles are a system for moving the painfully sequestered life's savings of people who *do* things to people who *steal* things. 36/ 39138
