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1) This is basically a meme, a riff on "WTF Happened in 1971?" sites. 2) We know what happened in 2007: the Global Financial Crisis.

• api 1y ago
  That’s also the problem with the 1971 version. It’s a site popular among gold bugs who think fiat currency and the collapse of Bretton Woods is to blame, but many things happened in 1971. You’re right that many things also happened in 2007-2008. Socioeconomic systems are complex. Most things have many causes and causes interact through feedback loops. It’s very hard to understand what’s happening. People keep pretending it’s easy and fixating on singular hypotheses that are almost certainly wrong.
  • AJRF 1y ago
    I think iterating on hypothesis to try uncover the truth is a better use of time than saying everything is too complex and giving up.
    • api 1y ago
      I agree, but that’s not what people do. People usually fixate on one preferred explanation and then give up. Usually it’s the explanation that confirms their prejudices and biases. I don’t think doom scrolling is healthy. I just doubt that it’s a single explanation.