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Fair enough. I'll explain why I find this article important. The current crisis is not cyclical, it's man-made: http://www.rollingstone.com/politics/news/1269
by Revisor 16y ago
Fair enough. I'll explain why I find this article important.
The current crisis is not cyclical, it's man-made:
http://www.rollingstone.com/politics/news/12697/64796 http://www.rollingstone.com/politics/news/12697/64796
Some have seen it coming, ie it could be averted.
http://www.youtube.com/watch?v=2I0QN-FYkpw http://www.youtube.com/watch?v=2I0QN-FYkpw
Countries have been breaking the basic economic law - income >= spendings - for a long time.
There are several ways to get rid of the debt, eg inflation or nationalization. All of them are unethical and are basically stealing from all but a select few at the top.
That's what this article is about.
If things come as far as the author writes, it will affect all of us here at Hacker News. There is a lot of people here trying to create something, to enrich the others and thus to get rich. It will all be in vain if our governments decide it's time to rob us.
I could have been less emotional and more specific about this. Thank you for challenging me.
- c1sc0 16y agoThis is exactly why I think this kind of article is appropriate for HN. If you know as an entrepreneur that you are operating in a closing window of opportunity before the big crash comes, how does this affect your startup decisionmaking? Are you building with the people on Flippa.com in mind or the fine folkds at the Long Now?