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jijijijij • today at 6:42 AM • 5 replies • view on HN

In what world is a global financial crash good for the public? At least short-term this will be painful for everyone.


Replies

thrixton • today at 6:59 AM

At some point out becomes a case of least worst I think.

If a crash unlocks capital and eases the compute price squeeze, it might be worth the pain.

vrganj • today at 7:06 AM

Every crisis is an opportunity. Maybe we could build something where we don't have ridiculous power and wealth concentration at the expense of the public - to the point where the world's richest man literally took over the US government to cut aid to the world's poorest.

FranOntanaya • today at 7:25 AM

It's already painful now.

jen729w • today at 6:50 AM

Weird that you're downvoted. It would suck very hard indeed if your pension portfolio matured the day after a crash.

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tjpnz • today at 7:03 AM

Wouldn't be so bad if shitty companies were allowed to fail.