this post was submitted on 28 Jul 2026
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It is pretty astounding how much it seems that everyone that should be sounding alarms about the situation is doing their best to act like it's not really a problem. It's like watching a train wreck that's inevitable unfold in slow motion.
Capitalism really makes dealing with big problems so much more difficult because no one in the market wants to be the first to flinch. It's going to be so much worse than even 2007/8 because this is a real material crunch that effects almost every aspect of the global economy. Everyone is just trying to act casual while walking out off the ledge like a cartoon coyote.
Economics seems to have incentive to pretend nothing is wrong. People don't spend money in economic downturns which accelerates the problem bc nobody is selling anything.
Not to mention a massive effort from China and surprisingly the US to maintain status quo by digging into oil reserves.
If stockpiles run out we'll probably feel the disaster. But until then everything's fine I guess don't worry about it