U.S. household debt increased by $185 billion in Q2 2025, reaching $18.39 trillion.

  • BedSharkPal@lemmy.ca
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    2 days ago

    Why would it burst? Human history is filled to the brim with times where one a few lorded over the rest.

    People got caught up in the left vs right and not the up vs down.

    Tax wealth, not work.

    • generallynonsensical@sh.itjust.works
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      2 days ago

      Do you think it scales with population growth and current communication methods? Genuine question.

      We have 8 billion interconnected humans on the planet now. Not just a few farmers and peasants. I feel these are different times.

      History is repeating, yes. But I think it’s a mistake for those few lords to assume everything will roll back a century or two. The people (those who dont want to be ignorant) are informed and well armed these days.

      Edit: grammar and typo

      • BedSharkPal@lemmy.ca
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        2 days ago

        All I know is the super rich are only getting richer and are brazenly controlling politics now. Their level of control over the populace using nothing more than bot farms and incredibly cheap influencers makes me think this is only getting worse.

        I’m not seeing how this goes well any time soon unless governments are the writing on the wall and tax wealth. I’m pretty aligned with the whole Gary’s economics YT channel at this point.

        • generallynonsensical@sh.itjust.works
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          2 days ago

          Good points.

          I have faith in humanity. Perhaps misplaced but still there. Making people feel helpless is 90% of their game, with the other 10% making them angry. We just have to hope there’s enough white hats and brains left to counteract the propaganda machines.

          Elbows up. Be well.