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While I agree that we should have a good social safety net, these cycles should in no way shape or form be normal. Something is obviously fundamentally broken.
by za3faran 4y ago
While I agree that we should have a good social safety net, these cycles should in no way shape or form be normal. Something is obviously fundamentally broken.
- stjohnswarts 4y agoWaxing and waning of economies is something that happened since civilization started. No one has fixed it yet, and people a lot smarter than you and I have tried. If the human race was more altruistic than greedy, it would probably be possible, but we aren't. Until that changes, this is just what happens.
- taylodl 4y agoWhat are you talking about? This cycle is well-known and follows a roughly 7 year pattern and has done so since the start of the industrial era 200 years ago. Even prior to that there were economic cycles in the years 1000-1700. Whether these cycles should leave ordinary people in financial ruin is a completely different matter.