The 2nd Great Depression

[David Horn]

(05-28-2020, 01:50 PM)Bob Butler 54 Wrote: It won’t end.  The turnings don’t travel backwards.  The new society adapted to solve the crisis problem becomes the new normal.

I have long thought we were too addicted to luxuries.  While the New Deal adjusted the retirement age and the work week expectation, the numbers that they settled on became fixed and unchangeable since.  In order for the elites to eek out maximum profits, they created in part though advertising a society that was hooked on material things they didn’t need.

The virus is giving us a chance to rethink that.  Suddenly, the older folks shouldn’t be in the workplace, and we find no need to buy certain things.  Productivity has increased, so we don’t need to put so many hours in.  Resources are becoming more expensive.  If we still want to use labor to distribute wealth, start by dividing the amount of labor needed by the number of laborers.  Don’t worship old numbers.

If we have 25% unemployment, can you just drop the amount of labor expected by 25%?  Or do you have some thing about providing the elites with absurd wealth?

Stop dreaming about going backwards.

I agree.  An adjustment must be made, because the alternative is chaos.  Of course, when that occurs and what form it takes is why we're in the midst of a 4T with no idea how to complete the tasks needed to move on.  Eventually we will, though I don't expect to see a lot of it myself.  If the 1T arrives in 2030, it will be 2040 before the New Normal is fully defined. I'll be 93 ... assuming I'm still here.