| ▲ | tetris11 8 hours ago | |
It'll be fine. When the banks burst in 2008, they were gifted 7 trillion to make up the shortfall and life went on for the rich. This time they'll be gifted 70 trillion to make up for the shortfall, and life shall continue on for the rich. It's win-win for them, there's no risk at all | ||
| ▲ | cjbgkagh 8 hours ago | parent | next [-] | |
I think the economic background has changed, in 2008 it was after a big run up in wealth so the reversion wasn’t so bad, there was some fat to cut. Since then people have been ground down to the breaking point, another 2008 wipeout will cut into the bone. I do think this time it could be different. | ||
| ▲ | jghn 8 hours ago | parent | prev | next [-] | |
privatize profit, socialize risk. same as it always was | ||
| ▲ | gizajob 5 hours ago | parent | prev [-] | |
The money system breaking is one thing, companies that build chatbots going to the wall is another. | ||