this post was submitted on 30 May 2025
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United States | News & Politics

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[–] ToastedRavioli@midwest.social 8 points 6 days ago* (last edited 6 days ago) (2 children)

So far, the level of similarities between the current era and the depression era are truly insane.

We have: Mexican Repatriation vs the current mass deportations

Crony Capitalism

A massive real estate bubble that no one is working to cool off

Tariff policies fucking with the economy

Massive speculation in a virtually unregulated crypto industry, fraught with the same schemes that the financial tools implemented after the depression were intended to prevent from happening again

Literally the only saving graces we have at this point are the Fed and the FDIC, or people would have been starving in the street with wheelbarrows full of cash by now

If you asked AI “how to cause the great depression a second time” it would probably tell you to do everything they are doing

[–] thepenismightier@lemm.ee 3 points 6 days ago

I mean are you sure they didn't do exactly that?

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