Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says(bloomberg.com)

1 pointsby getp17 lat temu1 comments

Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says

http://www.bloomberg.com/apps/news?pid=20601080&sid=aYijnS7fUBRc&refer=asia

1 comments

jleyank17 lat temu

"The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent, “Black Swan” author Nassim Nicholas Taleb said."

I disagree. I don't think we're at risk at the moment of seeing a resurgence of dictatorial states. Similarly, I don't think any European powers are harboring resentment over treaties imposed on them in the last few years. Autarky isn't being pushed as a solution to anybody's economic problems (at least not on a large scale).

If we're still able to realistically talk about internet startups, we're doing better than the early 30's. I don't think anybody's facing 25% unemployment, and nobody (even the US) is setting out to cause hyperinflation to screw those demanding reparations of it.

And, please, oh please, let's get a few comments in place before tripping Godwin's Law.