this post was submitted on 29 Oct 2025
636 points (98.5% liked)
Ask Lemmy
35334 readers
3814 users here now
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Tech Support
No Stupid Questions
You Should Know
Reddit
Jokes
Ask Ouija
Logo design credit goes to:
tubbadu
founded 2 years ago
MODERATORS
California was populated by desperate people losing their farms and homes. See: grapes of Wrath.
Penny auctions happened, but they weren't the norm nationwide. The banks did forclose and people did lose their homes and sometimes abandoned them because the land was worthless during the dust bowl.
If America gets that desperate again, you will see pockets of solidarity and community and other examples of heartlessness and tragedy. We can't know how much unless it happens.
It's in our future again at some point, what's going to happen when there are a million or more climate refugees forming wandering groups in the nation's interior, like Moses wandering the desert for a place to stay and food to eat. I shall call this "retirement"
Same book described farmers letting good food rot because they needed to raise prices. If they gave the food away it would drop prices lower than they already were.
Like you said, banks would take people's homes and abandon them because they didn't want to set the standard that you could take loans out and not pay them.
Over 100 years ago the Great Depression proved without a doubt that capitalism is a garbage system and the only safety net it has is tax payer money.
If a bank that's "too big to fail" and they're on a downhill path, why waste resources trying to dig themselves out when they know they'll get a fat paycheck from the people.
It's insane to me that there's middle/lower class people that defend this shit.