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Limits to planetary growth
No, you misunderstood. You see, the crisis lasts your entire generation
Exactly. It isn’t a “once in a generation crisis” it’s a “one generation” crisis. OP must have skimmed over their orientation papers and misread.
Those darn millennials!
Such rascals.Muh’fuckin’ avocado toast smh
We were born during the savings and loan crisis too. Just after the gas crisis and stagflation of the 70s.
Oh it’s certainly not one generation
You’re expecting there to be more generations in the future?
it’s all the same crisis baybay! the entire time throughout all of history
<astronaut meme>
Wait, it’s all a crisis?
Always has been.
I dont mean to turn this into one of those arguments where fight over whether they are a millienial or gen-xer… But I do recall recentley seeing someone in that age range, posting a message
“Born just in time to see the end of the fuck around days, and entered adulthood just in time to live the rest of my life in the find out time”
Weak men created hard times. Thanks, boomers.
It’s just that easy to accept the cycle, eh?
There’s no war but the class war, everything else is propaganda to distract us from the real criminals.
True, but most of the oppressors are boomers.
2012 (kinda continuation of 2008) is missing
Isn’t it interesting that every single Republican in office during that time had 2 each?
🎶UH OH UH OH, EVACUATE THE TRADE FLOOR UH OH UH OH IT’S INFECTED BY THE CLOWN UH OH UH OH STOP THESE TARIFFS ARE KILLING ME HEY MR ORANGE MAN FUCK OFF AND DIE🎵
In my head set to https://music.youtube.com/watch?v=FrGiD2yompY
Also fuck the stock market anyway
Technology has sped up everything about society, for better and for worse.
The problem is that the “for worse” parts are now back to back existential crises.
i’d chime in with a “havent you people ever heard of class consciousness”
its much better to face these kinds of things with a sense of poise and rationality.
I don’t remember a once-in-a-generation economic crisis in 2002… I remember the dotcom bust and my dad watching his retirement evaporate in 2000…
They’re probably referring to this:
Mr. Santayana had something to say upon this. remember, mandatory voting simply enshrines no-confidence votes…jfc
I was just thinking about this today when I was out for a run.
It’s similar to how we keep getting record temperatures year on year.
I think something isn’t working as intended
The system isn’t broken; it’s working exactly as intended.
Nobody born after 1985 has ever experienced ‘average temperatures’.
This was a news article from 2015. Since then nearly every year has set a record for being the warmest ever recorded.
We’ve had a decade of pumping more money into the money machine while our ecology falls apart around us.
Side rant: I fucking hate the phrase “unseasonably warm/cold”.
It gives the impression of a one off aberration that will go back to normal. We haven’t had a normal season in decades, maybe we should just admit we broke the seasons instead of tiptoeing around it.
its snowing in my part of canada, it snowed last night, it snowed 2 days last week. time of posting, its april
my boss said “we’re kidding ourselves if we think this isnt normal”
he’s been right on that for the last 2 decades almost
Meanwhile oil demand keeps growing. That’s what gets me.
Dunno about 2002 but '08-present day is 100% the same event
While the housing crisis is still everlasting (most significantly in the US, many other countries have started national housing programs) the economic one has ended in the june(?) of 2009!
Idk how you can say it ended when the fundamental causes of the collapse were never addressed, the perpetrators were never punished, and the middle class continued to shrink. Stocks were pretty much the only thing that improved since 2008.
The markets recovered, the employment rate recovered. The financial crisis ended regardless of whatever happened/didn’t happened to the perpetrators, benefactors of it
Replacing salaried desk jobs with hourly wages and no pay increase isn’t exactly employment growth. If everything recovered just fine, why are millennials miles behind where their parents were at a similar age? Homeownership has been steadily declining, savings accounts have steadily been dwindling, and the rate of Americans living paycheck to paycheck has only gone up in the past 20 years. That’s not a recovery, it’s an adaptation to a new normal.
Pls don’t be a tittertale cuck and look up what a financial crisis is! Neither the housing crisis, nor minimal wage not following inflation necessarily continuated, nor possibly exacerbated by a financial crisis
Also while your ever tiny world is only compromised of the us, in the rest of the world the housing crisis is not nearly as severe and their living standards are either stagnating or increasing with very-very few exceptions
Europe is in the midst of a massive housing crisis.
Canada has possibly the worst housing crisis in the developed world
Korean homes are 3x as much in the major cities as smaller rural cities.
Housing has been consuming a larger and larger chunk of people’s incomes for the past 15 years. That’s a cost of living crisis. Because the 2008 crash allowed the wealthy to pick up all the pieces and restart the game using the exact same rules. Nothing changed, nothing improved, neoiberals just painted over the foundational cracks of our society and said everything is fine now. The finacialization of every aspect of our lives has only become more extreme, so i would definitely say the 2008 crisis was never actually solved.
…did you actually read your sources? -Your source about that you titled ‘Europe having a massive housing crisis’ exclusively talks about barcelona and 2/3 of the article is about what they are doing ag it? -Your source about Canada does not state anywhere what you wrote in no misunderstable increments. It only explains its source and what they are doing againts it -So… your third country that you brought up doesn’t have a housing crisis but a major development diff between its urban and rural areas… ok? You are becoming more and more convincing by the second!
Very nice goal post shifting too! I guess you googled what a financial crisis is? I only had to ask you 3 or so times? So as I stated in my first comment to you: the financial crisis of 2008 ended in 2009, regardless of (as I stated in every single comment to you) of what other issues it started/enchanced/continuated; the FINANCIAL CRISIS of 2008 ended
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:
2011: Median household wealth fell 35% in the U.S., from $106,591 to $68,839 between 2005 and 2011.
2014: A report showed that the distribution of household incomes in the United States became more unequal during the post-2008 economic recovery, a first for the United States but in line with the trend over the last ten economic recoveries since 1949.
2017: Per the International Monetary Fund, from 2007 to 2017, “advanced” economies accounted for only 26.5% of global GDP (PPP) growth while emerging and developing economies accounted for 73.5% of global GDP (PPP) growth.
*In the us, you mean?
But an eternally silly statement, even within the your worldview that seems to only consist of the us! The minimal wage in ‘80s was 3.35$, 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
And you think other parts of the world developing is an issue?
Also 2016, that was a big one.
