1658
Once-in-a-generation
(lemmy.ml)
What happened in 2002? Was that from the war on terror?
Me when capitalism
Capitalism works if we factory reset it every 10 years or so.
That 10 years coincides with US debt and bankruptcy law. "Like a free Uno reverse card", a quote that needs be in grade school textbooks.
Capitalism works when it's allowed to work, and part of that is strong social safety nets... For the people, not the companies.
If we'd let banks and businesses fail in 2008 it, it would have been devastating at the time, but we wouldn't be in this hot mess today. Because the government is so friendly to failed businesses, models that play fast and loose can make huge profits, squirrel away that cash, fail, and then get bailed out by the taxpayer. Meanwhile, slower and more stable institutions get outcompeted in the short term, and don't get bailed out when they withstand the failing economy events.
Privatize the profits, socialize the losses.
Oh, and we need actual monopoly laws. No way in hell Amazon isn't a monopoly.
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....fucked
Ill give a small example here how I know we are fucked. I leased a vehicle for 1900 a month back in 2022, the lease is up in October. I just bought a new 100,000 dollar truck today, I'm over 200,000 in debt already with barely enough to cover my monthly payments. They should not have given me this truck. But I'm a business, they give me anything. Sure I'll make 2 mill this year but they never once asked anything once I said a company was buying it. I'm personally saving money on this transaction but the fact that the financial system allowed this to happen worrying to say the least.
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See, I exchanged my 100% S&P500 401k to SPAXX in December, waiting for the crash. I've made 10%~ doing nothing! It took me a while to realize, but I'm finally going to buy the dip.
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It’s almost like granting a supreme veto to a single, wholly imaginary ideology, and positioning it as a monoculture for how society values activities and production, is problematic.
We apparently did away with it once before through the separation of church and state, maybe it’s time to force the separation of bank and state.
To make matters worse, well, for my generation here in Denmark, 1983 is the smallest generation alive. That means we have the least voting power. Between us and larger voter pools, it's pretty clear who politicians will cater to.
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this post was submitted on 03 Apr 2025
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