So it sounds like we didn’t learn much from 2008. Will we learn from 2020?
I am busy, right now I am trying to learn that humans will never learn from history. I vaguely remember somebody mentioning that to me in the past, but I dismissed it as a nonsense.
(But I am not really that pessimistic. Somebody mentioned that the Spanish flu was a big impulse for providing national health care services. I think it can have a similar effect, somewhere.)
They have learned: privatize gains, socialize losses. The government is so fearful of meaningful corrections they will do whatever is necessary to make the people at the top whole instead of letting them suffer catastrophic losses. So party on.
There are ways to go about this and wipe out investors without causing complete economic collapse (e.g. nationalization and orderly dismantling) but "we've" already decided not to go that route.
right now I am trying to learn that humans will never learn from history. I vaguely remember somebody mentioning that to me in the past, but I dismissed it as a nonsense.
Perhaps it was in reference to the famous Aldous Huxley quote:
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
Propagandists and similar types learn the lessons of history excellently. They work to prevent others from learning anything, but their work is not hard: People not only adopt the characteristic customs and conventions of whatever communit(ies) they identify with, they actively seek groups to identify with.
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I am busy, right now I am trying to learn that humans will never learn from history. I vaguely remember somebody mentioning that to me in the past, but I dismissed it as a nonsense.
(But I am not really that pessimistic. Somebody mentioned that the Spanish flu was a big impulse for providing national health care services. I think it can have a similar effect, somewhere.)
They have learned: privatize gains, socialize losses. The government is so fearful of meaningful corrections they will do whatever is necessary to make the people at the top whole instead of letting them suffer catastrophic losses. So party on.
There are ways to go about this and wipe out investors without causing complete economic collapse (e.g. nationalization and orderly dismantling) but "we've" already decided not to go that route.
Perhaps it was in reference to the famous Aldous Huxley quote:
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
Propagandists and similar types learn the lessons of history excellently. They work to prevent others from learning anything, but their work is not hard: People not only adopt the characteristic customs and conventions of whatever communit(ies) they identify with, they actively seek groups to identify with.
I think the analogous effect this time is to revisit the healthcare supply chain
The cynic in me believes this was ensure there was a ready supply of healthy men for war fighting.
Now that wars are mechanized and we have nuclear weapons this is less of an impetus.
There might be a different effect here as preditary health care in the US is unpalatable in the best of times.