OT: North Korea danger

[spdrun]

Even a moron is useful some of the time…

[FlyerInHi]

We are now into 9 years of uninterrupted growth. Say we have another 4 years. Would that be a new normal?

[spdrun]

And vindicate Trump’s anti-progress ideas? No thanks.

Growth till 2020 will virtually guarantee his (or a hand picked stooge’s) election.

[The-Shoveler]

[quote=FlyerInHi]We are now into 9 years of uninterrupted growth. Say we have another 4 years. Would that be a new normal?[/quote]

What is Normal about anything?

The way things are right now if there were a downturn I think it could lead to political instability and social unrest.

Still need a lot of lifting from the bottom.

[spdrun]

Our problem is not enough of either. If politicians feared marches in the street, barricades, and cities being shut down whenever they cut government services in favor of more militarism or in favor of more incarceration, maybe they’d be slightly more mindful.

[FlyerInHi]

[quote=The-Shoveler][quote=FlyerInHi]We are now into 9 years of uninterrupted growth. Say we have another 4 years. Would that be a new normal?[/quote]

What is Normal about anything?

The way things are right now if there were a downturn I think it could lead to political instability and social unrest.

Still need a lot of lifting from the bottom.[/quote]

Shoveler, I meant normal business cycle.
People look to the past to predict the future and I think that’s a mistake.

you think there a lot is lifting to be done. I think the same because of worldwide excess capacity. But many free market advocates don’t agree.

What’s a normal cycle?

[spdrun]

People always say “it’s different this time…”

[FlyerInHi]

[quote=spdrun]People always say “it’s different this time…”[/quote]

Well, is was with the housing led recession of 2008. Normally, it’s an employment led recession.

[spdrun]

Or did an economic down-cycle trigger the bursting of a housing bubble?

[FlyerInHi]

[quote=spdrun]Or did an economic down-cycle trigger the bursting of a housing bubble?[/quote]

No, job losses did not precipitate housing crisis. The job losses occurred after banking crisis. So it was not normal business cycle.

[carlsbadworker]

[quote=spdrun]Plenty of recessions worldwide have been combined with high youth unemployment.[/quote]

The way I see it, there is no good outcome in the medium run: either the population growth continues and we have more people than the planet could sustain it; or we have an aging population and the world’s youth cannot support the increasing amount of global debt:
[img_assist|nid=26439|title=global debt|desc=|link=node|align=left|width=400|height=300]

And while technology is helpful in the long run, it has detrimental effects in the short run because the world now needs less capital and less man power to produce. The first helps to create asset bubbles as money can’t find its productive use. The seconds helps to increase social unrest, as many people can’t find productive use of their time.

[The-Shoveler]

As long as sufficient food and goods can be produced.
The Debt is just an artificial construct that can be resolved any number of ways.

[Anonymous]

Tax cuts will fix everything.

[spdrun]

Everything is an artificial construct, but some artificial constructs have real-world consequences.

[FlyerInHi]

[quote=spdrun]Everything is an artificial construct, but some artificial constructs have real-world consequences.[/quote]

Only if, we humans let them. Plus intellectual concepts, or even legal contracts are not the same as physical capabilities and realities.

Why can’t we come up with things like social credits or other forms of exchange? Engineers and scientists can develop new ways of arranging our lives.

BTW our political leaders are lawyers who enforce contracts. Many of China’s leaders are engineers and scientists.

[Author]

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