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I'd pick a different time to compare 2021 to than 1921, because I keep feeling similarities to the first 4 decades of the last century. I see echoes of the 1930
by NotSammyHagar 5y ago
I'd pick a different time to compare 2021 to than 1921, because I keep feeling similarities to the first 4 decades of the last century. I see echoes of the 1930s, where unfortunately the US and the rest of the world will eventually battle it out with China instead of Japan in a decade or so, while the questionable or overinflated stock market in the us feels like we are in 1928. There are a lot of reasons why a failure of our financial system isn't likely (federal deposit insurance on banks being one reason), but the increased disparity between highly paid people like many readers here who are software engineers who benefit from stock market growth while the vast majority of regular wage earners do not portends poorly for any near term unification of the us - instead I see in increasingly fractious times with actual insurrectionist behavior unlocked by Trump.
So it's 1935 in terms of war, 1928ish in the macro economy, 1858 in terms of nationalism, 1900 in terms of trusts? I console myself by thinking about my grandfather in 1935 when his family lost their farm and it was the Great Depression and he had no money and he somehow started college the next year and graduated as an engineer right into the teeth of world war II - but he made it.