We just gotta keep working within the system to get it better
it isn't perfect, but it's the best we have.
the crashes are a feature, not a bug
Yes. Every crisis in last few decades see massive transfer of wealth up.
It is the best system...... But not for you. There can only be so many winners.
What do you suggest? No winners? Just sharing things like some communist savage? But then how will we know who is the best?
Easy, listen to "You're the Best" by Joe Esposito
I honestly believe most systems are designed to work in theory. Shitty/greedy people are always the problem though.
That said, some systems demonstrably work much better than others so we should be careful to avoid making false equivalences.
Yes but the purpose of the system is what it does. Nobody cares about the well-meaning nerd who designed it to work "in theory".
I konly know about two. What are the other three?
im guessing the starting point would be 73 opec oil embargo.. So 80s would be the Iranian revolution (oil production nationalization = West big sad), then idk what happened in the 90s (fall of the USSR? Someone else could chime in here). Late 2000s was the Great Recession and of course COVID19 happened after what seems like a time skip.
My fav part of the 90s (in the US) is that the federal government introduced a law that would give significant raises to government employees to keep their compensation on par with other similar positions, however it has literally never been enacted since every single president since its inception has declared a national emergency to prevent it.
They also had RIFs in the 90s where they gutted half a million federal government employees. All while Alan Greenspan idiotically thought we'd never see a crash again (because markets did so well through the decade).
What I am saying is, at least in the US, everything is fucking made-up.
For anyone curious, I think this is that law.
Although FEPCA provides for an automatic formula to determine the annual pay raise, this formula has been ignored due to the cost of implementation. The President has authority under FEPCA to submit an "alternative" pay plan with a lower raise than that called for by the FEPCA formula (or none at all) "if because of national emergency or serious economic conditions affecting the general welfare" [5 U.S.C. §5303(b)(1)].
What they seemed to have taken away from the 2008 crash was that basing the economy on the activity of "the poors" meant that everything could come crashing down if you exploit them too much. So now they have taken everything away from the eooleand just based the economy on how muh money rich people can move around between them, so everything is just dandy now.
Don't forget the dot com bubble
