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It’s also been a long time since the Trustbusting times of Theodore Roosevelt and the Great Depression reforms have largely been repealed. Congress absolutely c
by ianai 3y ago
It’s also been a long time since the Trustbusting times of Theodore Roosevelt and the Great Depression reforms have largely been repealed. Congress absolutely could act if the political will was reflected at the ballot box.
Elsewhere it’s been noted these scores don’t line up with how much is actually being purchased by people. There’s something else going on than just economics.
Otherwise, I deeply suffered from the Great Recession. Couldn’t find meaningful work for many years. This despite being well educated and qualified. I think we can agree these days are not those days: RE was cheaper. Food was cheaper. There just wasn’t enough demand for labor to employ people and thus fund demand. Trillions in RE “value” had to be marked to market and lost value. Trillions in debt were no longer ever going to be realized. Huge companies were facing bankruptcy and filed bankruptcy. At least one automaker had a sitting POTUS as its CEO for a while.
Nowadays, people do seem to be employed but prices have risen. We also have an ever growing war in one of the most important breadbaskets of the world. We knew that was going to raise global food prices.