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by dualogy 4499 days ago
> It just means that if enough people think the same way, the world is doomed.

True in the sense that if "enough people" believe the Internet's favourite scare-story of imminent-financial-collapse (growing in popularity ever since Y2K) then it will indeed by necessity finally happen ;)

1 comments

What "scare story"? Financial collapse already happened in 2008.

People paid a trillion in the US alone, out of their pockets, to ameliorate it (plus close to another trillion they lented to Detroit). And tons of middle/working class jobs are not coming back in the foreseeable future.

And that's the US. For some European economies it is even worse -- they got from 30% unemployment to double the suicide rates in 3-4 years time.

That sure was a big crisis but the word collapse for me implies total breakdown == after something collapsed, it no longer exists. The "financial system" still exists seemingly, even if arguably not in its best shape ever since.