| Just a friendly reminder that neither the 2008 subprime mortgage crisis nor the Silicon Valley Bank collapse should have happened: The Gramm–Leach–Bliley Act of 1999 repealed the Glass–Steagall Act of 1933: https://en.wikipedia.org/wiki/Gramm–Leach–Bliley_Act The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 repealed part of the Dodd–Frank Wall Street Reform and Consumer Protection Act passed in 2010: https://en.wikipedia.org/wiki/Economic_Growth,_Regulatory_Re... Articles that only look at the numbers miss the elephant in the room, which is that policy controls economics. That's why academics generally don't subscribe to ideas like deregulation, at least they didn't before the Reagan administration began chipping away at public funding for universities to rein in the rabble of hippies opposed to war/monopoly/neoliberalism: https://theintercept.com/2022/08/25/student-loans-debt-reaga... At nearly every turn for 40+ years, our elected officials have made unpragmatic decisions. They push revisionist history and constrain debates to 2 ends of an approved axis of narratives so that people who think outside the box are demonized as fringe. Which is very not meta, and for me one of the great disappointments of the modern era, especially in how it's bamboozled the minds of so many thought leaders in tech. Is that political? These policies affect our money and work and the trajectories of our lives. Are we supposed to just not seek working solutions anymore because they don't please the status quo? Every win for concentrated wealth is another pressure convincing people to vote against their own self-interest. Which creates the negative feedback loop we're trapped in, where every loss is compounded by further loss, enabling polarizing candidates who sell their vote to the highest bidder to consistently win at the highest levels of government. |