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56. We Missed An Off Ramp in 2008

Fri Jul 10, 2026, 04:01 PM

18 hrs ago

Instead of breaking up monopolies in the banking and investment system we bailed them out.

If there are no consequences for bad decisions and you don’t remove the people who did them then they’re just going to hang around and do it again.

Contrast what was done after the 2008 facial crisis (systemic bail outs) vs what was done after the S&L crash in the early 1980s (prosecution with jail time along with liquidation of bad financial institutions and loans).

IMHO another financial problem is brewing with AI. The $1M question is do we bail out the tech bros and folks who sold us this crappy bill of goods or do we send them to gulag where the belong?

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calimary BarbD DET dweller SheltieLover MrsCheaplaugh

84 replies

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Highlight:

He Predicted America's Crisis Sixteen Years Ago, to the Year. His Database Says It Ends Three Ways. [View all] Dem_in_Nebr. Yesterday OP

Read the whole piece, y'all. K&R ms liberty Yesterday #1

You just gave me my first K&R! Dem_in_Nebr. Yesterday #2

K&R again! erronis 23 hrs ago #9

Dayum! GPV 23 hrs ago #3

Damn thats a good read. N/t gay texan 23 hrs ago #4

Kick for later Unwind Your Mind 23 hrs ago #5

Highly Recommended La Coliniere 23 hrs ago #6

I KNEW My Allusions to 1789 Were More Truth Than.... ColoringFool 23 hrs ago #7

You can just use pen and paper this time BaronChocula 21 hrs ago #37

Ha! I very much dislike knitting! Clickety-click, clickety-click.......! ColoringFool 17 hrs ago #62

Random related thought BaronChocula 15 hrs ago #75

I ain't no Spring chicken! ColoringFool 10 hrs ago #80

Excusez-moi moi, mais. . . Mme. Defarge 16 hrs ago #68

Turchin's article needs to be read by everyone. KS Toronado 23 hrs ago #8

Excellent analysis dlk 23 hrs ago #10

Bookmarked and Recommended CoopersDad 22 hrs ago #11

Unfortunately angrychair 22 hrs ago #12

"The greatest enemy of the United States, as far as both sides of Congress are concerned, is progressives." LymphocyteLover 22 hrs ago #16

Congress has become a path to unlimited wealth angrychair 22 hrs ago #20

who is "they" that will do anything to stop them? LymphocyteLover 2 hrs ago #83

Not true relogic 22 hrs ago #24

Well said! DemocracyForever 21 hrs ago #28

Democrats are a diverse coalition party and progressives are an important part of that coalition but are not the base LymphocyteLover 2 hrs ago #81

What? yardwork 15 hrs ago #73

The article is very interesting Klondike Kat 22 hrs ago #13

Ok then dweller 22 hrs ago #14

Ditto! Alice B. 22 hrs ago #15

Sooo...like Asimov's Psychohistory progressoid 22 hrs ago #17

are there any fictional characters more relevant to 2026 usa rampartd 21 hrs ago #32

The Mule was sterile, unfortunately our mule is/was not... Wounded Bear 21 hrs ago #39

another asimov concept is the laws of robotics rampartd 19 hrs ago #52

Yes --- Monkey D Luffy Captain of the Straw Hat Pirates in One Piece JT45242 19 hrs ago #50

i'll have to find that one. rampartd 19 hrs ago #51

Well worth everyone's time to read... Silver Gaia 22 hrs ago #18

Brilliant! GiqueCee 22 hrs ago #19

He's talking about Roosevelt's New Deal ... that's the third ending FakeNoose 22 hrs ago #21

Highly recommended democrank 22 hrs ago #22

Here's an important paragraph Bobstandard 22 hrs ago #23

But that makes 195% of societies' outcomes Farmer-Rick 16 hrs ago #69

Kick ybbor 22 hrs ago #25

I have always loved reading history. Snackshack 21 hrs ago #26

A must-read article. Talitha 21 hrs ago #27

Bush vs Gore started this nightmare DemocracyForever 21 hrs ago #29

I could not agree more. hamsterjill 18 hrs ago #54

Exactly! And then, within no time at all, came the Homeland Security Bill... BComplex 17 hrs ago #64

There's a wild card this time, and that's generative AI and the surveillance AND DISTRACTIONS it offers. highplainsdem 21 hrs ago #30

The writer and historian Morris Berman... keep_left 21 hrs ago #31

Great article jmbar2 21 hrs ago #33

Thank you. This is consistent with a book I've been meaning to read, but is still far back in my schedule... NNadir 21 hrs ago #34

Thank you for this post Dem_in_Nebr., and the link to Substack. I also subscibed. c-rational 21 hrs ago #35

Bookmarking to read later. Thank you for sharing this - looks interesting. yellow dahlia 21 hrs ago #36

The one difference is technology and the world economy Buckeyeblue 21 hrs ago #38

Yes, and the impact of AI will be devastating in an Oligarchy that doesn't care if the masses suffer. Doodley 12 hrs ago #77

Wow, read the entire link. I see the bottom line as the powerful's continued use of the "Divide And Conquer" method. Exp 21 hrs ago #40

who do you think is doing the organizing? NJCher 20 hrs ago #47

I agree with you:: Exp 19 hrs ago #48

Excellent article Wild blueberry 20 hrs ago #41

Way worth reading. Another Jackalope 20 hrs ago #42

Hhmm...wonder if the writer meant 1860, not 1870. mwmisses4289 20 hrs ago #43

The dates were a little odd, I agree. yardwork 2 hrs ago #82

As a person who did computer modelling of animals while in myPhD program 31j20b3 20 hrs ago #44

Cliodynamics has done better while I wasn't watching 4dog 16 hrs ago #65

There is no scientific database that can predict history JCMach1 20 hrs ago #45

Generations by Strauss and Howe Deminpenn 20 hrs ago #46

I've been collecting these cyclical interpreters. Have a whole file of them. NJCher 19 hrs ago #49

Agreed, this fits very closely with "The Fourth Turning" LR3 18 hrs ago #57

The Fourth Turning is actually by at least one of "Generations" authors Deminpenn 17 hrs ago #63

Which is historiography and not scientific at all... JCMach1 1 hr ago #84

A great read revealing math based confirmation B.See 19 hrs ago #53

"May you live in interesting times." is all the heads up I needed. OC375 18 hrs ago #55

We Missed An Off Ramp in 2008 modrepub 18 hrs ago #56

Bookmarked for later read. GoodRaisin 18 hrs ago #58

Read, kick, Rec malaise 18 hrs ago #59

K&R. Excellent article... renordgren 17 hrs ago #60

Sheesh! FINALLY got to this. calimary 17 hrs ago #61

I did, too, 21 years ago and I posted it on DU. Kid Berwyn 16 hrs ago #66

We need the return of the FDR era Clouds Passing 16 hrs ago #67

🤔 who was the President some thought would be the next FDR ? dweller 15 hrs ago #70

Biden's policies were the closest to FDR. yardwork 15 hrs ago #74

FORMIDABLE! Mme. Defarge 15 hrs ago #71

One of the best things I've read in a long time. yardwork 15 hrs ago #72

KNR and bookmarking. niyad 12 hrs ago #76

K&R red dog 1 11 hrs ago #78

Karl Marx predicted this in 1867. BlueTsunami2018 11 hrs ago #79