Of course, this kind of bubble always bursts, and then it will get higher and higher until it is so high that there is no fool who can take the plate, or some adult with ulterior motives pretends to be a child and yells “King.” After wearing nothing”, there will be a plummet, and then a large amount of funds completed suicide in such a plummet, and flowed into the pockets of individual guys. Even until the end of the 20th century and the beginning of the 21st century, Chinese people still played various stories about Clivia and China orchid. You can see its shadow in various financial bubbles since then. This is the stupid psychology in the financial bubble. A stupid idiot who was more stupid than me, and then sold it to him at a higher price. Although it is foolish for me to buy such a flowering garlic at such a high price, I believe that I can always find it. But they all believe that everything will be scarce in this world, but fools will never be scarce. In fact, everyone knows that this kind of flowering garlic is not worth so much money at all, and all the guys who are willing to pay such a high price are fools. In addition, the buyer had to pay an extra A brand new carriage, two gray horses and a complete set of harnesses. In the second year, a rare species of tulip (there were only two in the Netherlands at that time) was sold at a price of 4,600 florins. However, the price of tulips continued to rise. If you want to figure out what the value of such a sum of money was in the Dutch economy in the early 17th century, you only need to know that 4 bulls (the equivalent of a trailer) cost 480 florins and 1,000 pounds (approximately 454). In 1635, a single tulip variety called Childer was sold in 1615 florins (Dutch currency unit). People are no longer buying tulips for their intrinsic value or for viewing purposes, but expect their prices to rise indefinitely and profit from it. By the early stage of the 1730s, this fashion led to a classic speculative mania.
At the time in the Netherlands, some tulip treasures were sold at unusually high prices, and the wealthy were vying to display the latest and rarest varieties in their gardens. One of the most typical manifestations is to play with concepts, to stir up things that have no value at all, or things that are not so valuable at all.įor example, as early as 1636 (Europeans are cows, when we were still in the dynasty, Europeans played this), the Dutch used tulips to play the first financial bubble in recorded history.
Intermediate production links to directly obtain profits. Marx once sharply satirized that there is one thing that capitalists cannot always change, just like another member of a family that the Virgin particularly likes. The so-called road to suicide refers to all kinds of speculation. At any time, the funds will look for a way to make a lot of money, and if they can’t find it, they will look for a way to suicide. However, there is a feature of capital, that is, it can never be honestly idle and sleep a long time. Many industries have been affected by insufficient demand. In fact, after the war, the overall economic situation was not good.
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