09-10-2019, 10:41 PM
(09-10-2019, 06:34 PM)Hintergrund Wrote:(09-09-2019, 09:44 AM)David Horn Wrote:(09-09-2019, 05:04 AM)Hintergrund Wrote:(09-07-2019, 06:53 PM)pbrower2a Wrote: What others might have the proclivity to do at times is stopped by the old people able to convince younger adults that it is a bad idea (I think of the GI Generation) to have a corrupt and irresponsible speculative boom.
The GI Generation was too young to understand the Great Depression. You mean the Lost Generation.
My GI parents were born in 1914, graduated from high school at the bottom of the depression in 1932. That alone changed every life plan either had. Believe me; they understood the depression in full.
Nothing against your grandparents, but I don't think they understood the situation as well as an insider of Wall Street. This is what I meant.
That the Wall Street insiders did not understand the situation is abundantly clear. Those then were largely Lost, and they believed that the speculative boom would create its own momentum. It did create its own momentum -- right into the abyss. The GI generation was the last to know that a speculative boom was going on in the late 1920's and to get a taste of the heady boom in which people were talking about some New Era of unprecedented prosperity -- only to see it become unprecedented ruin.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.