4 ms·
The same happens in the US every few years as well. There have been recessions during or after almost every major Republican president's term (Not even trying
by winternett 4y ago
The same happens in the US every few years as well.
There have been recessions during or after almost every major Republican president's term (Not even trying to be political about this, but history clearly shows the trend)... It's almost as if it is engineered for personal profit. The biggest threat to rebounds this time is the increase in threat of environmental decline and infectious disease that is not allowing economic recovery to be stable.
The only thing supporting whether stability can be re-achieved is the willingness of the middle and lower class to keep paying increasing taxes every year to fund recovery. Governments have been taking taxpayers for granted for ages now, and it's a tipping point that shouldn't be underestimated. Taxes are very high, and bailouts are literally leaking funds to (already very wealthy) people and companies that ritually skirt taxes.
Paying half of an annual salary to government when you see far more wealthy people ritually skirting their tax obligations, and where infrastructure is failing, where healthcare is weak, when the environment is falling apart, when consumer goods and services are radically overpriced, where employees of vital services are quitting, where safety is under threat daily, and where career opportunity is limited -- Well, it's not something that is sustainable at all to say the least.