this post was submitted on 11 Jun 2026
33 points (92.3% liked)

Work Reform

16563 readers
316 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] NocturnalMorning@lemmy.world 3 points 4 days ago* (last edited 4 days ago)

It's almost like the boom bust cycle is on purpose, and the people in charge right now are recklessly cutting things and applying tariffs like they're candy.I wonder what happened last time that was a thing somewhere around 1929ish?

Having seen the fruits of prosperity brought by technological progress, many shared Hoover's optimism, and the already bullish stock market climbed even higher on Hoover's accession.[162] This optimism concealed several threats to sustained U.S. economic growth, including a persistent farm crisis, a saturation of consumer goods like automobiles, and growing income inequality.[163] Most dangerous of all to the economy was excessive speculation that had raised stock prices far beyond their value

From Herbert Hoovers Wikipedia page. Sound familiar?