I know what I'm about to say will seem perverse, but frankly I'm looking forward to shit really hitting the fan. I'm talking 1930s Depression era fuckery.
The modern world needs it. We've created ridiculous systems that - wrongly - believe they're beyond specific forces of both human nature and market economics, and I can't wait for the shit to hit the fan and the music to stop. A sharp, harsh, painful, miserable, unbearable correction needs to happen to remind wealthy, middle-class, and poor people that fundamental economics cannot be ignored.
The more painful it is for every group, the better. Trauma is the best teacher.
The 1930's certainly contributed to some rather nasty events which came in the 40's - I'm not sure trauma is the best teacher at all. It's a teacher, but the lessons learned might be horrible and ultimately counterproductive.
Has it not dawned on you that after countless examples of fraud, speculation, scheming, and profiteering...that nothing ever changes, and no one learns? I would love for you to get dropped into the 1930s and go have a good time.
Yup - this is it. Society doesn't learn. It's not the same people. Look at banking/finance - over and over again we have similar crazy things happen, often about 20-30 years apart. The people who learned from the last one retired...
People have been saying this a long time. "Fundamental economics" isn't even a real thing, it's made up theory with almost zero predictive value.
At a very basic level if people get up in the morning and go to work, and continue to want cars and tvs and houses and vacations, it's hard to see the economy really going to hell. We've had many scares over the last 100 years and we keep chugging along with a bump here and there, because people keep going to work and keep buying cars and tvs and houses and vacations. We just went through a global pandemic and are basically fine.
It feels pretty resilient.... unless we make a hard turn into communism, which appears to be a sure fire way to destroy an economy.
I mostly agree, there's a huge amount of crap that shouldn't exist.
However I doubt it will be like the 30s. Back then it was really slow to transmit the information of who needs what stuff, and which firm is looking for people. With modern communications the shock should be less.
The modern world needs it. We've created ridiculous systems that - wrongly - believe they're beyond specific forces of both human nature and market economics, and I can't wait for the shit to hit the fan and the music to stop. A sharp, harsh, painful, miserable, unbearable correction needs to happen to remind wealthy, middle-class, and poor people that fundamental economics cannot be ignored.
The more painful it is for every group, the better. Trauma is the best teacher.