U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Recession

Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by asdff on Wednesday April 29, 2020 @12:33PM (#23021090)

Not even 3 decades ago all it took was a jury verdict for anarchy and looting to sweep across LA, requiring the national guard to put down the unrest. People were breaking into stores to steal diapers. What will be the breaking point this time around?

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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by ancientworldnow on Wednesday April 29, 2020 @01:20PM (#23021704)

This intentionally ignores 100 years of oppression and institutional racism that was the actual powder keg. The verdict was just the striking of the tinder.

The exploding inequality and continuous safety net collapse in the united states could very well be a similar powder keg waiting for a match.

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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by asdff on Wednesday April 29, 2020 @01:27PM (#23021793)

Exactly. That powder keg never went away after Rodney King. It's always been here, institutional racism exists to this day. Systemic inequality can only be tolerated so long, and patience runs thin when money runs out.

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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by mc32 on Wednesday April 29, 2020 @12:57PM (#23021402)

We’ve had those flare ups before. Watts riots, early 1900s labor riots and repression.

They’ve had them in France, they’ve had them elsewhere. That’s a kind of unrest but not the kind I think we’re talking about.

I think what we’re talking about is the kind that results in overturning of the power structure. I don’t think we’re near that. I think 99.9% of the people do not want that outside of people on the extreme left and extreme right, interestingly for quite different reasons.

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