3mo ago

Panic! on the trade floor

68 comments

No, you misunderstood. You see, the crisis lasts your entire generation
- Exactly. It isn't a "once in a generation crisis" it's a "one generation" crisis. OP must have skimmed over their orientation papers and misread.
  
  Those darn millennials!
  Such rascals.
  
  Oh it's certainly not one generation
- it's all the same crisis baybay! the entire time throughout all of history
  
  astronaut meme>
  Wait, it's all a crisis?
  Always has been.

Less jpeg
- More jpeg
  
  Let's not fight, we can have both!
  
  Do I look like I know what a jay-peg is?

I was just thinking about this today when I was out for a run.
It's similar to how we keep getting record temperatures year on year.
I think something isn't working as intended
- Nobody born after 1985 has ever experienced 'average temperatures'.
  https://theconversation.com/lets-call-it-30-years-of-above-average-temperatures-means-the-climate-has-changed-36175
  This was a news article from 2015. Since then nearly every year has set a record for being the warmest ever recorded.
  We've had a decade of pumping more money into the money machine while our ecology falls apart around us.
  
  Side rant: I fucking hate the phrase "unseasonably warm/cold".
  It gives the impression of a one off aberration that will go back to normal. We haven't had a normal season in decades, maybe we should just admit we broke the seasons instead of tiptoeing around it.
  
  Meanwhile oil demand keeps growing. That's what gets me.
  
  I was born in 1985. Not a coincidence. I'm trying to tone it down, but it just. won't. stop.
- The system isn't broken; it's working exactly as intended.

Weak men created hard times. Thanks, boomers.
- There's no war but the class war, everything else is propaganda to distract us from the real criminals.
  
  True, but most of the oppressors are boomers.
- It's just that easy to accept the cycle, eh?

The difference now is that this one was completely preventable. Not that it makes it any better.
- So was the one in 2008...
  
  That one was more complex. Lehman brothers didn’t publicly tell everybody that they were going to do a bad thing, then proceed to do the bad thing despite everyone telling them it’s a very bad idea, and then everything turns into shit just like everyone had predicted.

Well... you keep on giving the most rabidly ignorant, recklessly greedy bigoted zealots the keys to the kingdom every 4-to-8 years, what did you expect?
Then when Democrats can't fix everything quickly while under constant zealot attack and sabotage, you reward the saboteurs with the keys to the goddamned kingdom again. All while you proudly proclaim that you've got it all figured out, because you read a blog post or tweet somewhere:
bOtH pArTiEs ArE tHe SaMe LoL aMiRiTe WhY bOtHeR vOTiNg?
- When Democeats refuse to fix it because they want to "play by the rules" you mean.
  Or more recently, directly voted with the Republicans when the Republicans lacked a few votes.
- This is why I've become an accelerationist, pissing off massive swaths of Lemmy tankies and libs. We likely need these consequences so people make more active, informed decisions in the future. I'm old enough now that I see people making the same mistakes over and over and over again.
  Unfortunately, we're talking generations here before we see positive results. We didn't really condemn terrible leaders of the past until they were swept deep into the margins of history.
  
  This is actually the sentiment that I see a lot of Trump supporters use to support him in real life. They don't like him. But they're fed up with every other politician. They're unwavering when he's burning things down because that's what they want him to do
  
  When they said "recklessly greedy bigoted zealots", did you honestly think they weren't talking about conservatives?
  
  That’s where you messed up. The current administration of chaos is extremely efficient at putting the horrors outside of people’s direct vision. Comparatively, very few people are going to arrive home to find their neighbor on fire and feel compelled to act.
  Better social safety nets and better education can put people in stable enough circumstances they can become socially aware of problems beyond themselves. By that point they don’t even need to be pushed into it. And Democrats - not all of them but plenty of them - have championed those policies. But they’ve been thoroughly crushed now by “both sides” mentality because they don’t have a violent expulsion reaction to being crushed by accelerationism.

I dont mean to turn this into one of those arguments where fight over whether they are a millienial or gen-xer.. But I do recall recentley seeing someone in that age range, posting a message
"Born just in time to see the end of the fuck around days, and entered adulthood just in time to live the rest of my life in the find out time"

Limits to planetary growth

Hey… if it follows number pattern… the next stage in the crisis should be about ten years away… so that’s cool right?
- Maybe "the 2038 problem" will be the new Y2K?!
  
  The 2038 problem is going to be +3C global warming, ensuing wet bulb temperatures and mass starvation due to breadbasket failures. (debbie downer sound)

I don't remember a once-in-a-generation economic crisis in 2002... I remember the dotcom bust and my dad watching his retirement evaporate in 2000...
- They're probably referring to this:
  https://en.wikipedia.org/wiki/Stock_market_downturn_of_2002

2012 (kinda continuation of 2008) is missing

🎶UH OH UH OH, EVACUATE THE TRADE FLOOR UH OH UH OH IT'S INFECTED BY THE CLOWN UH OH UH OH STOP THESE TARIFFS ARE KILLING ME HEY MR ORANGE MAN FUCK OFF AND DIE🎵
In my head set to https://music.youtube.com/watch?v=FrGiD2yompY
Also fuck the stock market anyway

The boom bust cycle is a feature of how we do capitalism in the US. It is related to an unsustainable growth mindset.

Technology has sped up everything about society, for better and for worse.
The problem is that the “for worse” parts are now back to back existential crises.

Isn't it interesting that every single Republican in office during that time had 2 each?

Dunno about 2002 but '08-present day is 100% the same event
- While the housing crisis is still everlasting (most significantly in the US, many other countries have started national housing programs) the economic one has ended in the june(?) of 2009!
  
  Says who? Billionaire investors and regulators for a newly-elected President who saw an imaginary red line go up for two consecutive quarters? "Peace for our times." The '08 crash was (is) massive and will be the defining event of the 21st century for future historians. Literally nothing but WW3 could overshadow it's legacy.
  Notice how the "timeline" section doesn't end with "and then everything went back to normal in June 2009." Tens of trillions of dollars evaporated overnight.
  Wikipedia | 2008 Financial Crisis
  Selections:
  2011: Median household wealth fell 35% in the U.S., from $106,591 to $68,839 between 2005 and 2011.
  2014: A report showed that the distribution of household incomes in the United States became more unequal during the post-2008 economic recovery, a first for the United States but in line with the trend over the last ten economic recoveries since 1949.
  2017: Per the International Monetary Fund, from 2007 to 2017, "advanced" economies accounted for only 26.5% of global GDP (PPP) growth while emerging and developing economies accounted for 73.5% of global GDP (PPP) growth.
  A shrinking median household incomes, racial wealth inequality, the rise of non-Western economies, do these not sound like contemporary issues to you?
  
  Idk how you can say it ended when the fundamental causes of the collapse were never addressed, the perpetrators were never punished, and the middle class continued to shrink. Stocks were pretty much the only thing that improved since 2008.

Also 2016, that was a big one.

Mr. Santayana had something to say upon this. remember, mandatory voting simply enshrines no-confidence votes...jfc

But not at the taco bell.

68 comments