> I'm not sure how bad it will be, but I'm just tired. I'm tired of living through "once in a life time events" every decade or less.
Recessions aren’t once in a lifetime?
> I'm tired of the world insisting that every company must be growing in order to be valuable
They don’t. It’s just the growth companies don’t pay dividends
> and then when growth stagnates, people ditch it to cause massive losses.
Because it’s price is speculation on future profits which would create future dividends
> Can we not just have moderate success?
Yeah
> Can we create a system that doesn't self implode every so often?
Not really, but we can make the implosions less severe
> Can we create a system where making money at all costs (including the decimation of the planet, the wage-slave workforce, and the engorging and toppling of governments through cronyism) isn't the the default?
No
> I have to remember that people are _generally_ good. I have faith in the next generation of leaders, thinkers, and doers. What will happen will happen, but I have hope that the youth who have seen wave after wave of "being at the brink" might be able to create a system where this isn't the norm.
Seems dubious to me. We will do better on some select issues but mostly otherwise the same
Depends on where you are. Parts of Latin America have been in an economic pit since the late 70s - I guess you could say “once in a lifetime” - for some people, their entire lifetimes have been spent in a state of economic crisis.
Yeah but for functioning economies, you can expect a recession every 10-20 years, with smaller corrections more often.
I remember the talk about "stagflation" in the 1970s, though I was too young to really understand it. The boom economy that started in the 1980s crashed in 2000. I remember that well as I lost my job. In 2008 I was working in the public sector and my employment was unaffected, I also didn't have any mortgages with stupid terms, and didn't need any of my retirement investments yet so I just rode that one out. So a recession in 2022, especially given the past two years, is maybe a bit early but not really surprising.
Parts of Latin America have been specifically targeted by capitalist nations worried about the spread of South American influence on the neoliberal world order they control.
Recessions aren’t once in a lifetime?
> I'm tired of the world insisting that every company must be growing in order to be valuable
They don’t. It’s just the growth companies don’t pay dividends
> and then when growth stagnates, people ditch it to cause massive losses.
Because it’s price is speculation on future profits which would create future dividends
> Can we not just have moderate success?
Yeah
> Can we create a system that doesn't self implode every so often?
Not really, but we can make the implosions less severe
> Can we create a system where making money at all costs (including the decimation of the planet, the wage-slave workforce, and the engorging and toppling of governments through cronyism) isn't the the default?
No
> I have to remember that people are _generally_ good. I have faith in the next generation of leaders, thinkers, and doers. What will happen will happen, but I have hope that the youth who have seen wave after wave of "being at the brink" might be able to create a system where this isn't the norm.
Seems dubious to me. We will do better on some select issues but mostly otherwise the same