l hate saying this, but going through the Great Depression is how the New Deal happened. The New Deal stopped when there wasn't a large segment of the population who directly remembered why the New Deal happened, so they were willing to listen to right wing capitalist bullshit and believe it. Once Ronnie Raygun came in and hit all the important pillars that supported the new Deal economy - most particularly union labor, the whole thing came crashing down and we've been digging our way out from under for 40 years now. With too many people still believing the bullshit.
Ever since I learned how current AI math works (vectors and such) and it’s training programs, I’ve thought the industry got off on the wrong foot from the beginning and will never recover until it starts over, if that’s even possible. For me the only bright spot is that my financial advisor has moved me out of tech months ago. The crash will hurt but it won’t wipe me out. Small investors would do well to do the same before the big money figures this out. And for god’s sake, don’t shift into cybercoins, the parallel looming disaster.
l hate saying this, but going through the Great Depression is how the New Deal happened. The New Deal stopped when there wasn't a large segment of the population who directly remembered why the New Deal happened, so they were willing to listen to right wing capitalist bullshit and believe it. Once Ronnie Raygun came in and hit all the important pillars that supported the new Deal economy - most particularly union labor, the whole thing came crashing down and we've been digging our way out from under for 40 years now. With too many people still believing the bullshit.
A crash of this kind is the last best chance of stopping MAGA, so I'm very much in the "worse is better" camp. You might enjoy this fiction https://johnquigginblog.substack.com/p/the-crash-of-2026
Ever since I learned how current AI math works (vectors and such) and it’s training programs, I’ve thought the industry got off on the wrong foot from the beginning and will never recover until it starts over, if that’s even possible. For me the only bright spot is that my financial advisor has moved me out of tech months ago. The crash will hurt but it won’t wipe me out. Small investors would do well to do the same before the big money figures this out. And for god’s sake, don’t shift into cybercoins, the parallel looming disaster.