this post was submitted on 29 May 2025
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[–] MangoCats@feddit.it 6 points 6 days ago (2 children)

Can we head them off at the pass?

No. Never.

Can it come to pass that their heads come off?

“All of this has happened before, and it will all happen again.”

[–] SnarkoPolo@lemm.ee 1 points 6 days ago (1 children)

No. R3v0luti0n is impossible in a postindustrial society.

[–] MangoCats@feddit.it 1 points 6 days ago* (last edited 6 days ago) (1 children)

So was a housing price crash, until 2008.

[–] SnarkoPolo@lemm.ee 1 points 5 days ago (1 children)

The crash was always a built-in undocumented feature of the bubble.

[–] MangoCats@feddit.it 1 points 4 days ago

The reason it never crashed before is because it never bubbled before.

The reason it never bubbled before is because the banks never wrote junk mortgages before.

The reason the banks never wrote junk mortgages before was because they didn't realize that they were "too big to fail."

Massive wealth inequality also drives the situation, because there's a small slice of people who can afford anything and they tend to drive up the prices of things for other people who can't really afford the run-up.

[–] Vandals_handle@lemmy.world 1 points 6 days ago

Splendid turn of phrase.