Just how F*cked is our economy and what comes next?

Discussion in 'Politics' started by WritersPanic, Apr 17, 2020.

?

Are we fucked?

  1. We're always fucked.

    36.4%
  2. We're not yet, but it's coming

    22.7%
  3. Yea, it will be bad, but not REALLY bad.

    4.5%
  4. It won't be as bad as the 1930s.

    18.2%
  5. It's a nothing-burger, get on with your life and stop whining.

    4.5%
  6. Plant lots of marijuana!

    27.3%
Multiple votes are allowed.
  1. WritersPanic

    WritersPanic Rigid Staff Member

    That's because a public company used to be a slush fund. Because it was a non-person entity, so there was no "person" to put in jail! Win-win!!!

    Any game you wanted to play could be had in a public company because nobody had to pay for it. SOx put responsibility back into the mix and CEOs everywhere realized how vulnerable they were to the foibles of their underlings. They had been in full speculation mode before and any mistakes were fixed by shifting money from one division to another. Unfortunately this makes a company vulnerable to innovation doldrums where advances move slowly.

    SOx added a layer of accountability that had been absent. CEOs were no longer free to let Maverick managers do as they would. But it opened new doors for potential corruption. I blame lawyers and accountants.
     
  2. wilsjane

    wilsjane Members

    If the west stopped sending all their money down a one way street to the east (mainly China) the whole problem would resolve overnight.
    The problem is that we would have to get off our asses and do some work.
     
    WritersPanic likes this.
  3. Irminsul

    Irminsul Valkyrie

    I know the date it happens... On August 29th, 1997 its gonna feel pretty fucking real to you, too. Get it? All this, this whole place everything IS GONE! IT HAPPENS!
     
    Last edited: May 12, 2020
    Vanilla Gorilla likes this.

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