Settings

Theme

Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says

bloomberg.com

1 points by getp · 1 comment

Reader

1 thread
jleyank

"The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent, “Black Swan” author Nassim Nicholas Taleb said."

I disagree. I don't think we're at risk at the moment of seeing a resurgence of dictatorial states. Similarly, I don't think any European powers are harboring resentment over treaties imposed on them in the last few years. Autarky isn't being pushed as a solution to anybody's economic problems (at least not on a large scale).

If we're still able to realistically talk about internet startups, we're doing better than the early 30's. I don't think anybody's facing 25% unemployment, and nobody (even the US) is setting out to cause hyperinflation to screw those demanding reparations of it.

And, please, oh please, let's get a few comments in place before tripping Godwin's Law.

Keyboard Shortcuts

j
Next item
k
Previous item
o / Enter
Open selected item
?
Show this help
Esc
Close modal / clear selection