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    Gingerlegs ,

    Wcgw

    yggstyle ,

    Those who do not know this history are doomed to repeat it. When it happens it won’t be small, localized, or slow.

    DessertStorms ,
    @DessertStorms@kbin.social avatar

    Those who do not know history are doomed to repeat it

    Which is precisely why we're not taught it. Not the full and uncensored version, anyway.

    yggstyle ,

    We are globally in a housing bubble. 7 stocks determine the direction of our market. Our banks are balls deep in a collapsing carry trade. Valuations are factoring in years of growth with zero hiccups … while not factoring in declining numbers and increased rates.

    … I could go on. Nothing got better since 2008. It’s gotten worse.

    DessertStorms ,
    @DessertStorms@kbin.social avatar

    I don't disagree with anything you've said but lol at the idea that 2008 is "history". This specific shit (basically a speculative economy based on the impossible idea of constant growth, aka capitalism) has been going on for hundreds of years.

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