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The last time I heard doctors and lawyers were pretty well off, the roads seem quite good, the trains still operate, there is still bus services, telly still gives news and my lecturer still lectures while doing research also. Until recently plenty of jobs were out there and people were really quite well off so well off in fact that they were willing to spend billions in a pointless war and still continue to spend billion in some other war. And dude if you do not think that in the past 10 years we have had a lot of growth then I do not quite see how you explain the bust? Sure, I get it. To become a rich lawyer, yano in the 7 figures level you have to work real hard and be well smart and have loads of connections, same for doctors, same for academia, intelligence is not everything you know nor does everyone posses the qualities to go up to the cream of the cream. So you see it as the fault of government I personally would like to narrow the fault of government to failing to keep an eye on the bank, as for the lawyers they really are able to look after themselves, after all the president is a former one. If you think finances are dominant then well yeah that's true but if you think that is to the detriment of other fields I think you are a bit wrong. There is no lack of eminent research being conducted, nor any lack of entrepreneurs being made out of such research. There is no lack of doctors, lawyers, academia. Is there a lack of positions? I do not know, these people are sort of self employed, the academia, well the phd researchers get grants, the barristers here are self employed, the solicitors have plenty of positions and so do the doctors, so really I know it is fun to take it all out of proportion and picture a country in doom and gloom, but really we are all humans, as are the bankers, they experimented with something, they failed, that's how life works, if you fail to experiment, you failed again. Hopefully they learned their lesson. No one got hurt and that is because your country is a rich country and was able to recuperate the bankers losses. Lessons were learned and we move forward, perhaps that is what some people would call progress. Next year we good again and the news will be dominated by who knows, war, climate change, terrorist, bullshit in other words just so as to make people like you see this world and this country as doomed and full of gloom. Nothing personal btw. :) |
The "safe" industries have appeared so due to their proximity to "The Bezzle". Go look that up. Finance, Health Care, Law, Defense, Government; I think those are the major ones. The point being that the outsized flows of capital through these industries has been a direct result of a feedback loop between government-induced market distortion and kickbacks. The large percentage of revenue in these industries which is rarely paid out of pocket (insurance, defense budget, malpractice settlements, etc.) has acted as the veil behind which a culture of flagrant embezzlement and bribery has been easily concealed. Now that the tap is running dry and the wheels are coming off of the lie we've been told for 20 years, us hoi polloi are perceiving The Bezzle for what it really is.
No one got hurt and that is because your country is a rich country and was able to recuperate the bankers losses.
We shall see.