“I note that skiing on flat ground is not much fun.”
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That is very true but while people go up a snowy hill for the exhilaration of sliding back down it at a rapid rate they have no such intention while climbing the economic slope.
But, in fact, that’s the nature of capitalism, creative destruction. The most volatile segment of the economy is the top 1% with more movement into and out of it than any other economic segment. It’s very hard to stay on top.