Mastodawn

gregg r Mar 28, 2025

@pluralistic : "Any good investor knows that anything that can't go on forever eventually stops. The only question is: will that halt is a controlled braking action, or a collision with reality's brick wall?"

Given the aggregate overarching greed permeating the CEO class coupled with the collective venality of the politicians profiting from granting those CEOs carte blanche, my money's on Brick Wall.

https://pluralistic.net/2025/03/27/use-your-mentality/#face-up-to-reality

Pluralistic: Reality-Based Communities (27 Mar 2025) – Pluralistic: Daily links from Cory Doctorow

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Gaëtan Perrault Mar 28, 2025

@grheavyroller @pluralistic I don't think we make it out of the 2020s without some form of 1929 crash.

A Pandemic, a gilded age with high stock prices, a Smoot-Hawley style president, rise of fascist governments... It's not the same song, but man does the tune sound familiar.

And a president willing to ride this through pain. Willing to tank the US dollar and stock market to make these tariffs work. An ailing superpower.

I don't see a way this ends smoothly.

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The Penguin of Evil Mar 28, 2025

@gatesvp @grheavyroller @pluralistic There is one critical difference. Most of the world will no longer give a toss. China will spin a US crash into the excuse for their self caused economic pain, Europe will be quite content to see a crashed USA become a Russian style low value resource export economy and India simply doesn't have to care any more.
It's going to suck but for Africa, India and to a fair extent China it's not a big deal once the waves die down

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Heather

@etchedpixels the way the west got out of it last time was through a massive war. Russia/China/India may not care about the economic impacts but the US has spent the last century making US problems everyone's problems.