| >Sounds like influencer nonsense to me. Touch grass. I don't even know what this means. The worst unemployment during the Weimar Republic was 25-30%. Unemployment in the Great Depression peaked at 25%. So yeah if we get to 45% unemployment and those are the highest paying jobs on average then yeah it's gonna be bad. Then you add in second order effects where none of those people have the money to pay the other 55% who are still employed. We might get to a UBI relatively quickly and peacefully. But I'm not betting on it. >finally go through some things just like the aristocracy in France once did. Yeah that's probably the most likely scenario, but that quickly devolved into a death and imprisonment for far more than the aristocrats and eventually ended with Napoleon trying to take over Europe and millions of deaths overall. The world didn't literally end, but it was 40 years of war, famine, disease, and death, and not a lot of time to think about starting businesses with your laptop. |
The good news is that America is ~5% of the world. And the more we keep punching ourselves in the face, the better the chance someone else pulls ahead. But still, we have nukes, so we're still the town bully for the immediate future.