• reiterationstation@lemm.ee
      link
      fedilink
      English
      arrow-up
      17
      arrow-down
      1
      ·
      2 days ago

      What a shit situation that they have Americans hoping their own country fails.

      I absolutely do not hope for a depression. You will NEVER see small business again. You will NEVER own a house. Our future will be utterly gone.

      What we need is what can’t be said.

      • kreskin@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        2 days ago

        You will NEVER see small business again. You will NEVER own a house. Our future will be utterly gone.

        I just hope everyone in my family can buy food and medical care.

      • UnderpantsWeevil@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        2 days ago

        What a shit situation that they have Americans hoping their own country fails.

        It’s like finding out your dog has rabies. You don’t really want to watch your friend suffer and you certainly don’t want it to watch it inflict this horror on anyone else.

        I absolutely do not hope for a depression. You will NEVER see small business again. You will NEVER own a house. Our future will be utterly gone.

        Would forestalling a plunge in GDP prevent that? It seems like our finance sector controls everything - lock, stock, and barrel. The only way out is for this system of suffocating domination to end. And that’s going to mean abandoning a fixation on (often fictitious) capital growth at all costs.

        That doesn’t mean people will simply stop doing business with one another. It doesn’t mean personal homes done for.

        It does mean that - on paper - GDP is going to fall, as all that hot air comes out of a FIRE sector inflated to the moon.

        But it also means abolishing a ton of personal debts, ridding ourselves of bullshit jobs, and reorganizing our economic administration towards value creation rather than labor extraction

    • Ileftreddit@lemmy.world
      link
      fedilink
      arrow-up
      10
      arrow-down
      9
      ·
      2 days ago

      No one alive today has had to live through a depression; I don’t think you really understand what you’re saying

        • Ileftreddit@lemmy.world
          link
          fedilink
          arrow-up
          2
          ·
          1 day ago

          During a depression many people will die and the ones affected the most will be those that are already struggling under the current system. A depression will likely result in the currently rich becoming exponentially more wealthy, as they’ll have the resources to weather the depression

        • Admiral Patrick@lemmy.worldM
          link
          fedilink
          arrow-up
          1
          ·
          1 day ago

          You may know, but you clearly don’t understand.

          See Ileftreddit’s reply re: only the ones already struggling being most affected.