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In situations like this, many people realize that we are in a mutual game of hot potato. The people involved are each trying to figure out what everyone else i
by mywittyname 7y ago
In situations like this, many people realize that we are in a mutual game of hot potato. The people involved are each trying to figure out what everyone else is using as a timer, so they aren't the ones left holding the bag.
Everyone knows about the student debt crisis. Everyone knows that public companies were borrowing to pay for stock buybacks. Everyone knows about the rampant de-regulation and rent seeking. And nobody thinks any of these issues will be addressed in the coming years.
It's going to be the 1980s all over again.
- michaelt 7y agoI have a theory that in a democracy, a status quo that takes $10 from every citizen to give $100,000 to a much smaller fixed subset of citizens will never be changed. Because the small subset have a lot of motivation to advocate for the status quo, and each individual outside the subset has only a small motivation to advocate against it.
- SpicyLemonZest 7y agoI don't know if that has much to do with democracy. In many historical countries, it was seen as the God-given right of aristocrats to take $10 from every citizen so they can have $100,000.
- arthurcolle 7y agoSounds like governments now
- ilaksh 7y agoReminds me of the line from Margin Call when the boss says he doesn't hear anything anymore, so the music must have stopped.