https://nitter.net/AwayBerk/status/1700159667563847839

  • Gosplan14_the_Third [none/use name]
    ·
    1 year ago

    Recessions, financial crashes and the like have been happening ever since Capitalism has been formed, as late as 1637 and since the industrial revolution to the expansion of the system worldwide, they have consistently happened on average once a decade.

    Even just taking the post-war US

    1948-1949

    1953-1954

    1957-1958

    1960-1961

    1969-1970

    1973-1975

    1980; 1981-1982

    1990-1991

    2001

    2007-2009

    2020

    Both in times of Keynesian spending-driven capitalism and monetarist wage-braking capitalism. Not to mention how recessions were avoided in times of growth, such as the pre-Lehman Brothers speculatory bubble in real estate or the Biden administration throwing Europe to the wolves currently.