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In the historical long run, few people have ever had financial security until the 20th century. People have much more financial security now than in, for exampl
by twblalock 8y ago
In the historical long run, few people have ever had financial security until the 20th century. People have much more financial security now than in, for example, the 19th century when there was no welfare safety net or bank deposit insurance.
Yes, it sucks to have trouble coming up with $400 for an emergency. But it's not a serious threat to the ongoing stability of society.
- pishpash 8y agoOnly because of social programs. If those are gutted all bets are off.
- Florin_Andrei 8y agoI'm pretty sure most people would not be okay with going back to the 19th century living conditions, to say nothing of the medieval era or before that.