gregg rMar 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

Show threadGaëtan PerraultMar 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.

Show threadAngus McIntyreMar 28, 2025
@gatesvp @grheavyroller @pluralistic The major difference between the coming crash and the previous one is that in 1929 the wealthy threw THEMSELVES out of windows.
Show threadmtc_uk
@angusm @gatesvp @grheavyroller @pluralistic
Here’s hoping they get lots of help this time around.
Mar 28, 2025 at 4:40pmWeb