💾 Archived View for hackersphere.space › news › 2023-03-10-editorial.gmi captured on 2023-03-20 at 17:32:06. Gemini links have been rewritten to link to archived content
-=-=-=-=-=-=-
Article editorialized by willowf
In a stunning turn of events, capitalism experienced a sudden failure of the free market, sufficient to motivate the Federal Deposit Insurance Corporation, whose job it is to try to prevent or delay Capital's inevitable demise, to disband the bank and seize its assets to reimburse the bank's uninsured depositors.
Source:
https://www.fdic.gov/news/press-releases/2023/pr23016.html
What this means for millionaires who microdose all across the West Coast, remains uncertain, but probably not good things. For them. Honestly probably not good things for us proletarian programmers either. Maybe good things for socialism and democracy though...
The Great Recession in 2008 arguably caused the country to elect Barack Obama after the second term of George Bush, not the best possible outcome but a significant improvement over John McCain I think. The Great Depression in 1929 resulted in the election of Franklin D. Roosevelt, who invented Social Security and ordered the New Deal. Will the Great Fucksession of 2023 get a true progressive into the White House for a change? Is this how Bernie can still win? Will heads roll? Will healthcare bills be paid? /hj
Sooo if that *is* how the situation ends up, well that'd be pretty exciting, but future scholars of history should note that today was a day of great nervousness and trepidation, not just for the bourgeoisie, but for us programmers too.
