first pass at least, im worried about this it would be oversimplifying but one could maybe tell a story of how everything that has happened in the last ten years is downstream of a breach in an implicit social contract that went down in 2008https://twitter.com/eigenrobot/status/1422384419122208769 …
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Replying to @eigenrobot
The social contract in question being the vaguely jeffersonian homeownership structure? The concept (esp the wealth appreciation aspect) has some similarities to a pyramid scheme, but its ties to generational divides/labor-capital split matters too:https://phenomenalworld.org/analysis/deflation-inflation …
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Replying to @bufordsharkley
no just the "the mandate of heaven is contingent on not having millions of people are thrown out of their homes" thing
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Replying to @eigenrobot @bufordsharkley
what makes you think this will happen? and to more people than the last time?
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Replying to @postpostpostr @bufordsharkley
to more people? idk about that but i dont think weve recovered from the first time yet, not even close things are still really unsettled rn and this reads really bad for the regime
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Replying to @eigenrobot @postpostpostr
People have been saying that interventions have been more concerned with cushioning the blow/spreading out the bleeding, more than really addressing the fundamentals ...That is, people have *slowly* been displaced over months, the attempt is not to have it snap at once
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yeah that would have been a good idea but this was just a total own goal, people are talking about forcing another lockdown--also when does extended unemployment run out again?
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