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Comment by addandsubtract

1 day ago

They also think they can reverse it easily. "How bad could it be in 4 years?"

We have a 28 year blueprint of how bad it can get and it starts in 1997 Russia

One thing people don’t anticipate is that the government can step in and nationalize enterprises. US hasn’t done that in a while but I’d be watching for hostile political takeovers at some point in the future. Last time it happened was with General Motors in 2008 but it’s a tool that exists and can be used in a different direction.

I’d expect the _optimistic_ case is that the US is still cleaning up the mess in the late 30s.

The pessimistic case, of course, is that it is not recognised as a mess that needs cleaning up.