This is poised to be the biggest financial crash in history. These assholes are fighting every day to push the crash further away so they can divest themselves quietly or make ot to an IPO, and in doing so are making the upcoming disaster much worse.
And so much investment has been dumped into this scheme I don’t know how our economic system.will survive. Unchecked capitalism needs to go away, but having it collapse all at once is gonna be really, really bad.
maybe having really REALLY bad collapse is the only way people start caring enough to consider how to prevent it from happening again, or at least punish those who caused it. It seems majority will just have to suffer before anything happens since prevention isnt fashionable enough. Though i wonder if even that will shake people up enough.
Like one guy did, but your point is still pretty spot on. Basically a patsy for a bunch of other shady shit that a bunch of other executives were involved in.
I don’t think they will this time either, but I also expect this to be a worse crash by a LOT.
Half the tech industry has basically turned into an Enron here (circular investments with each other to create the illusion of income), while the component crunch it’s caused is hurting everyone else.
This is poised to be the biggest financial crash in history. These assholes are fighting every day to push the crash further away so they can divest themselves quietly or make ot to an IPO, and in doing so are making the upcoming disaster much worse.
And so much investment has been dumped into this scheme I don’t know how our economic system.will survive. Unchecked capitalism needs to go away, but having it collapse all at once is gonna be really, really bad.
maybe having really REALLY bad collapse is the only way people start caring enough to consider how to prevent it from happening again, or at least punish those who caused it. It seems majority will just have to suffer before anything happens since prevention isnt fashionable enough. Though i wonder if even that will shake people up enough.
Not a single executive went to prison after 2008 so you already have your answer
https://en.wikipedia.org/wiki/Kareem_Serageldin
Like one guy did, but your point is still pretty spot on. Basically a patsy for a bunch of other shady shit that a bunch of other executives were involved in.
I don’t think they will this time either, but I also expect this to be a worse crash by a LOT.
Half the tech industry has basically turned into an Enron here (circular investments with each other to create the illusion of income), while the component crunch it’s caused is hurting everyone else.