• eatshitforeverbutinaniceway@quokk.au
    link
    fedilink
    English
    arrow-up
    24
    ·
    edit-2
    17 hours ago

    the herd animals who did this are incapable of learning. unless they are taken out of the system, this will recurring. like it has every few years since the turn of the century.

    • MasterBlaster@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      7 hours ago

      almost accurate. financial regulations put in place after the Great Depression kept relative stability for 50 years. as deregulation accelerted at the end if the 80s, swings resumed and we are niw in the boom/bust cycles that were so painful from 1870 to 1933.

      Also not coincidentally the time of the robber barons