It's long overdue. I'm not sure exactly how long bitcoin, tech stock speculation and private equity rollups were supposed to support an actual economy. The que

It's long overdue. I'm not sure exactly how long bitcoin, tech stock speculation and private equity rollups were supposed to support an actual economy. The question is whether you impose protectionism before or after you crater. > I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology. It's going to be longer, and worse. Especially since there's no one in the ruling class that doesn't think that the way to get out of recessions is the massive-scale disinvestment that comes with austerity. We only got out of the last one because while America was preaching austerity, it was giving handouts to every wealthy person in America, while Europe was actually dumb enough to do austerity for real. Upper-middle class people will be fine. During covid their wealth doubled through no particular effort of their own. It was just a gift from taxpayers to show them we love them.