If you haven’t heard yet, the stock market just crashed, dropping over 1000 points before rebounding (somewhat). Everyone is freaking out, as is the usual case with the stock market.
Everyone is blaming China’s stock market woes, but that’s simply the straw that broke the camel’s back. The real, underlying reason for this crash is rumblings from the Federal Reserve that they might increase interest rates in September (or March?).
Just wait until everyone starts blaming this recent crash, and any forthcoming ones, on “capitalism.”