Quote:
Originally Posted by Yume-sama
That's probably one of the more short-sighted comments that show almost no knowledge of economics.
I wonder how the tens of millions of unemployed people in America (an amount equal to the entire population of Canada, in fact) who lost their jobs AND all equity in their homes feel about being able to buy a cheaper house. Fact is there won't be a collapse in one sector that won't end up making everything bad for you.
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Well to play the devils advocate I have to say that crashes, suffering and the resulting restructuring are integral parts of all economic systems. Maybe the difference now is that the re-structuring is required at the highest levels of society because the system is broken at its core.
At the end of the day as a "society" we come out stronger after a crash/recession or any type of major restructuring(I like to compare this process to the life cycle of a forest and the importance of massive forest fires in it).