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Please continue to ignore that the whole economy is a house of cards, with the recurrent crisis every few years where taxpayers have to bailout the same people.

Please continue to ignore that the whole economy is a house of cards, with the recurrent crisis every few years where taxpayers have to bailout the same people. It seems very sustainable. Companies have to stop working because the supply chain is a mess? Very reasonable. Your post doesn't sound like mental gymnastics at all.

gruez 5y ago
> Please continue to ignore that the whole economy is a house of cards, with the recurrent crisis every few years where taxpayers have to bailout the same people. It seems very sustainable. What bailouts are you talking about? The only ones that come to mind are the 2008 financial crisis and covid. The latter seems less "the whole economy is a house of cards" and more "we had to shut down the economy for several months". Also, how is this related to the original comment about offshoring being unreasonable? It looks like you saw a "the economy is bad" post and wanted to chime in with your own "the economy is bad" thoughts. >Companies have to stop working because the supply chain is a mess? or you know, covid.
robbedpeter 5y ago
It's not "brittle," it's "just in time." It seems to me a whole lot of people were given authority to make decisions and agreements that collectively whittled away at the ability of participants in US markets to be responsibly prudent. We allowed players in the market not subject to labor, quality, ecological, or criminal accountability, promoting an endless deluge of cheap crap at the expense of business (and thus economic) resilience. This led toward more consolidation, with acquisition and endless growth replacing reserves and correct planning for lean times, ensuring that only the biggest players in a rule abiding market can survive. When tshtf the boomers will die first. As the world burns we can at least enjoy a little schadenfreude.

gruez 5y ago

> Please continue to ignore that the whole economy is a house of cards, with the recurrent crisis every few years where taxpayers have to bailout the same people. It seems very sustainable. What bailouts are you talking about? The only ones that come to mind are the 2008 financial crisis and covid. The latter seems less "the whole economy is a house of cards" and more "we had to shut down the economy for several months". Also, how is this related to the original comment about offshoring being unreasonable? It looks like you saw a "the economy is bad" post and wanted to chime in with your own "the economy is bad" thoughts. >Companies have to stop working because the supply chain is a mess? or you know, covid.

robbedpeter 5y ago

It's not "brittle," it's "just in time." It seems to me a whole lot of people were given authority to make decisions and agreements that collectively whittled away at the ability of participants in US markets to be responsibly prudent. We allowed players in the market not subject to labor, quality, ecological, or criminal accountability, promoting an endless deluge of cheap crap at the expense of business (and thus economic) resilience. This led toward more consolidation, with acquisition and endless growth replacing reserves and correct planning for lean times, ensuring that only the biggest players in a rule abiding market can survive. When tshtf the boomers will die first. As the world burns we can at least enjoy a little schadenfreude.