Isn’t it interesting that every single Republican in office during that time had 2 each?
No, you misunderstood. You see, the crisis lasts your entire 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.
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.
Oh it’s certainly not one generation
You’re expecting there to be more generations in the future?
Those darn millennials!
Such rascals.Muh’fuckin’ avocado toast smh
We were born during the savings and loan crisis too. Just after the gas crisis and stagflation of the 70s.
The boom bust cycle is a feature of how we do capitalism in the US. It is related to an unsustainable growth mindset.
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
The system isn’t broken; it’s working exactly as intended.
Nobody born after 1985 has ever experienced ‘average temperatures’.
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.
its snowing in my part of canada, it snowed last night, it snowed 2 days last week. time of posting, its april
my boss said “we’re kidding ourselves if we think this isnt normal”
he’s been right on that for the last 2 decades almost
Meanwhile oil demand keeps growing. That’s what gets me.
2012 (kinda continuation of 2008) is missing
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.
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.
That’s where you messed up.
fails to convince me I “messed up” on anything in any possible way, stance unchanged.
You talked about needing consequences so that people make more informed decisions. I was trying to illustrate to you how the current path of consequences is built to dismantle informed decisions.
There are millions of Americans being asked “Regretting your choices yet???” and answering “wdym? Everything is fine. You read too much of the news.”
So if your motivation for accelerationism is spite and anger, nothing to criticize. But if you’re in favor of the harm caused because you think it will lead to people changing their minds anytime soon, you are grossly misreading the current path.
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?
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)
Mr. Santayana had something to say upon this. remember, mandatory voting simply enshrines no-confidence votes…jfc
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”
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!
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.
The markets recovered, the employment rate recovered. The financial crisis ended regardless of whatever happened/didn’t happened to the perpetrators, benefactors of it
Replacing salaried desk jobs with hourly wages and no pay increase isn’t exactly employment growth. If everything recovered just fine, why are millennials miles behind where their parents were at a similar age? Homeownership has been steadily declining, savings accounts have steadily been dwindling, and the rate of Americans living paycheck to paycheck has only gone up in the past 20 years. That’s not a recovery, it’s an adaptation to a new normal.
Pls don’t be a tittertale cuck and look up what a financial crisis is! Neither the housing crisis, nor minimal wage not following inflation necessarily continuated, nor possibly exacerbated by a financial crisis
Also while your ever tiny world is only compromised of the us, in the rest of the world the housing crisis is not nearly as severe and their living standards are either stagnating or increasing with very-very few exceptions
Europe is in the midst of a massive housing crisis.
Canada has possibly the worst housing crisis in the developed world
Korean homes are 3x as much in the major cities as smaller rural cities.
Housing has been consuming a larger and larger chunk of people’s incomes for the past 15 years. That’s a cost of living crisis. Because the 2008 crash allowed the wealthy to pick up all the pieces and restart the game using the exact same rules. Nothing changed, nothing improved, neoiberals just painted over the foundational cracks of our society and said everything is fine now. The finacialization of every aspect of our lives has only become more extreme, so i would definitely say the 2008 crisis was never actually solved.
…did you actually read your sources? -Your source about that you titled ‘Europe having a massive housing crisis’ exclusively talks about barcelona and 2/3 of the article is about what they are doing ag it? -Your source about Canada does not state anywhere what you wrote in no misunderstable increments. It only explains its source and what they are doing againts it -So… your third country that you brought up doesn’t have a housing crisis but a major development diff between its urban and rural areas… ok? You are becoming more and more convincing by the second!
Very nice goal post shifting too! I guess you googled what a financial crisis is? I only had to ask you 3 or so times? So as I stated in my first comment to you: the financial crisis of 2008 ended in 2009, regardless of (as I stated in every single comment to you) of what other issues it started/enchanced/continuated; the FINANCIAL CRISIS of 2008 ended
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 $68,839 between 2005 and 2011.
2014: A report showed that the distribution of household incomes in the United States became more unequal during the post-2008 economic recovery, a first for the United States but in line with the trend over the last ten economic recoveries since 1949.
2017: Per the International Monetary Fund, from 2007 to 2017, “advanced” economies accounted for only 26.5% of global GDP (PPP) growth while emerging and developing economies accounted for 73.5% of global GDP (PPP) growth.
A shrinking median household incomes, racial wealth inequality, the rise of non-Western economies, do these not sound like contemporary issues to you?
And you think other parts of the world developing is an issue?
*In the us, you mean?
But an eternally silly statement, even within the your worldview that seems to only consist of the us! The minimal wage in ‘80s was 3.35$, the price of a big max was .15$! So from one hours of working you could buy 21! 20-fucking-1 big macs. In 1990 the minimal wage climbed to 3.80$ and the price of the big mac went up to 2.45$!!! Your living standards nosedived in the 80s!!!
By the end of the red menace (USSR fell apart) your government had absolutely no reason to provide your wellbeing, after all its really not democratic by any standard and it didn’t have to worry about a communist uprising anymore
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.
True, but then it also could’ve been mitigated better after shit hit the fan.
Also, if we had imprisoned everyone involved and seized all their assets Donald Trump probably doesn’t win in 2016
Yeah I think you’re right, a lot of average people wouldn’t be as anti establishment and easily pursuaded by demogoges if they’d taken care of the general population after 2008 instead of the banks…
Also 2016, that was a big one.
🎶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
Less jpeg
More jpeg
Let’s not fight, we can have both!
World class conciliator
