The interesting thing is that we are feeling the effects of a recession, but there's nothing wrong with the economy. At least nothing that's new...We of course still have billionaires being liquidity traps.
What is happening instead is a societal failure. It is 45 years of bad decision-making catching up with us. That's why there's no easy fix. The entire system is rotten, from our banks to our culture. In the USA, this started with the Carter/Reagan election. Carter said there was hard work ahead, but also prosperity. Reagan said he'd give us all a tax break right now. Guess who won?
Reagan also made bigotry acceptable again, with his ridiculous shit about "Welfare Queens" that even he had to later admit was a product of his imagination. In addition, he taught America to distrust experts, and to hate the government. We just didn't see it happening, at the time.
We see all that now, in widescreen, and we wonder how a once space-faring nation decided that vaccines aren't a thing, and that a nation with more guns than people is somehow not going to allow guns to fall into the wrong hands on the regular.
Of course, the presidents that followed - all of them - reinforced these very things, or at least some of them.
More to follow
What is happening instead is a societal failure. It is 45 years of bad decision-making catching up with us. That's why there's no easy fix. The entire system is rotten, from our banks to our culture. In the USA, this started with the Carter/Reagan election. Carter said there was hard work ahead, but also prosperity. Reagan said he'd give us all a tax break right now. Guess who won?
Reagan also made bigotry acceptable again, with his ridiculous shit about "Welfare Queens" that even he had to later admit was a product of his imagination. In addition, he taught America to distrust experts, and to hate the government. We just didn't see it happening, at the time.
We see all that now, in widescreen, and we wonder how a once space-faring nation decided that vaccines aren't a thing, and that a nation with more guns than people is somehow not going to allow guns to fall into the wrong hands on the regular.
Of course, the presidents that followed - all of them - reinforced these very things, or at least some of them.
More to follow