this post was submitted on 08 Apr 2025
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Says who? Billionaire investors and regulators for a newly-elected President who saw an imaginary red line go up for two consecutive quarters? "Peace for our times." The '08 crash was (is) massive and will be the defining event of the 21st century for future historians. Literally nothing but WW3 could overshadow it's legacy.
Notice how the "timeline" section doesn't end with "and then everything went back to normal in June 2009." Tens of trillions of dollars evaporated overnight.
Wikipedia | 2008 Financial Crisis
Selections:
A shrinking median household incomes, racial wealth inequality, the rise of non-Western economies, do these not sound like contemporary issues to you?
And you think other parts of the world developing is an issue?
*In the us, you mean?
But an eternally silly statement, even within the your worldview that seems to only consist of the us! The minimal wage in ‘80s was 3.35$, the price of a big max was .15$! So from one hours of working you could buy 21! 20-fucking-1 big macs. In 1990 the minimal wage climbed to 3.80$ and the price of the big mac went up to 2.45$!!! Your living standards nosedived in the 80s!!!!
By the end of the red menace (USSR fell apart) your government had absolutely no reason to provide your wellbeing, after all its really not democratic by any standard and it didn’t have to worry about a communist uprising anymore