And the wealthy manage to come out on top every single time.

It starts to make sense when you realize that each of those events is basically a fire sale for billionaire investors.

Just look at income inequality before/after each of those events.

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Don't worry tho, because although everyone's broke as shit, the houses you bought in the 90s when you were a young child are worth like 10 times as much now!

Don't forget - you were also BORN into a once in a generation economic crisis: The savings and loan crisis of the 1980s and 1990s was the failure of approximately a third of the savings and loan associations in the United States between 1986 and 1995. These thrifts were banks that historically specialized in fixed-rate mortgage lending.

https://en.m.wikipedia.org/wiki/Savings_and_loan_crisis

I understand now.

You start noticing this pattern after some decades.
Always accompanied by "we need to temporarily tighten the belt now to keep our properity for the following generations".
The period before is sold as a great economic time, despite that they called it a crisis back then and also 'needed' austerity measures to get back to the prosperity of the previous period.
The western standard of living has been destroyed bit by bit since the post WW2 period with this tactic, not for the multinationals, banks, stock folks OC, that's where the stolen money goes to.
The ones in power telling us in their paid press how great 'the econonomy' is doing bcs stock line go up and BS GDP up.
In reality that means more billions in the pockets of a few oligarchs while income equality is growing.

It’s the same crisis, in various stages of escalation. The rich are squeezing more and more of the lower and middle class all over the world, and there is almost nothing left to squeeze.

The next few years will bring a massive collapse in government services (the USA is starting) for ordinary people, because that is one of the last things that the rich can still squeeze out.

After that, there will be only the ultra rich and the destitute poor left; and the ultra rich will only be able to take from each other.

This will mean war, and they will send you all into it.

Unless we stop it now. Tax the rich.

I don’t think boomers are very good at running things.

and every time the rich get richer, funny that.

2002: We lost the house 2008: got evicted from apartment 2020: dad died from covid 2025: let's see how it goes this time

This hits too hard. I was born in 83, so even the ages line up.

I don't mean to be that guy, but look which US political party was in charge for each of those dates...

Crisis seems like the natural operating mode of c*pitalism

What happened in 2002? Was that from the war on terror?

If it worked to funnel money to the wealthy the first time why not the second? Or third... and so on.

Capitalism cannot continue to exist without it begging for socialist bailouts.

Just proves that socialism is superior. It can even float a shit system like capitalism as it continues to fail.

what did you expect? You were born in 1984 ;)

https://en.wikipedia.org/wiki/Nineteen_Eighty-Four

edit: added link to book

I don't know who came up with this "once a generation" bullshit, but you can see that economic crises were more often than once a decade in 20th century https://en.m.wikipedia.org/wiki/List_of_economic_crises#20th_century

Wait, I miss this, did a new recession just drop?

I'm tired, boss.

"Funny"

See, I exchanged my 100% S&P500 401k to SPAXX in December, waiting for the crash. I've made 10%~ doing nothing! It took me a while to realize, but I'm finally going to buy the dip.

Me when capitalism