Can We Survive the Next Financial Crisis?

Re:Can We Survive the Next Financial Crisis? by ryandrake on Monday September 10, 2018 @03:05PM (#17954185)

The 1%, including politicians, will find some other wedge social issue to keep the working and middle classes continually fighting each other, allowing the rich to keep siphoning off the world’s wealth. The day after the crash, headlines will be back to “transsexual bathrooms” and “football stars kneeling” and we will forget that we are losing our jobs and homes again. This play book is not new.

My prediction for the next market crash:

1. Working class will lose their jobs

2. Middle class will lose their homes/investments

3. Wealthy class will get huge tax breaks to “stimulate investment”

4. Big companies will get massive bailouts in exchange for empty promises to create jobs that they never will keep

What makes you think next time will be any different?

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Re:Can We Survive the Next Financial Crisis? by TomMckenny on Monday September 10, 2018 @03:30PM (#17954413)

The pattern won't repeat forever, eventually the wealth transfer will become an unnoticed constant flow.

Regardless of the "it can't happen hear" attitude, the US is clearly following the identical trajectory of about a dozen other countries which have fallen into demagogue led neo-autocracies blaming easy targets for their woes.

The only real question is whether we're talking about the future or the present.

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