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by jleyank
6248 days ago
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"The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent, “Black Swan” author Nassim Nicholas Taleb said." I disagree. I don't think we're at risk at the moment of seeing a resurgence of dictatorial states. Similarly, I don't think any European powers are harboring resentment over treaties imposed on them in the last few years. Autarky isn't being pushed as a solution to anybody's economic problems (at least not on a large scale). If we're still able to realistically talk about internet startups, we're doing better than the early 30's. I don't think anybody's facing 25% unemployment, and nobody (even the US) is setting out to cause hyperinflation to screw those demanding reparations of it. And, please, oh please, let's get a few comments in place before tripping Godwin's Law. |
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