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posted by martyb on Friday March 30 2018, @07:36AM   Printer-friendly
from the change-is-not-necessarily-for-the-good dept.

10 Years Since The 2008 Financial Crisis

The financial crisis and the massive federal response reshaped the world we live in. Though the economy is in one of its longest expansions and stock indexes have hit new highs, many people across the political spectrum complain that the recovery is uneven and the markets' gains aren't fairly distributed. The Wall Street Journal takes a look at some of the most eventful aspects of the response and how we got to where we are today.

America lost a lot of strength and stability, there were no consequences for the most egregious offenders, and those involved are now part of the regulatory capture in the financial markets.


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  • (Score: 2) by JoeMerchant on Friday March 30 2018, @05:57PM (4 children)

    by JoeMerchant (3937) on Friday March 30 2018, @05:57PM (#660454)

    until the profit margins will minimize.

    Don't worry, they'll divide the market between customers with purchasing power and the rest of the world - the rest of the world will continue to keep the sector profitable because: no power.

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  • (Score: 2) by RamiK on Saturday March 31 2018, @09:47AM (3 children)

    by RamiK (1813) on Saturday March 31 2018, @09:47AM (#660789)

    What "rest of the world"? Once you take away driving licenses and personal insurances our of the equation, nothing holding back fleets of self-driving cars from replacing private transportation. They can scale everything from maintenance to production in ways private individuals can't match even before discussing the possibility of them opening their own production lines. And once parking becomes and issue cities will close down the roads while offering exclusive contracts to manage traffic congestion while offering lower rates for residents. e.g. In Europe and Asia you can find cities with bicycle renting services running this model successfully competing against the price of owning bicycles...

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    • (Score: 2) by JoeMerchant on Saturday March 31 2018, @01:51PM (2 children)

      by JoeMerchant (3937) on Saturday March 31 2018, @01:51PM (#660837)

      Once you take away driving licenses and personal insurances our of the equation, nothing holding back fleets of self-driving cars from replacing private transportation.

      Do you think that automakers aren't out in front of this? Why do you think that every self-driver incident makes world news? I think human-driven vehicles have at least another 50 years on the roads for the very reason of entrenched interests wanting to keep them there, from automakers all the way through the road construction and insurance industries.

      If you've shorted insurance companies because you think that auto-insurance's days are numbered, be prepared to cover that short for a long, long time.

      bicycle renting services

      So popular in the wet season.

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      • (Score: 2) by RamiK on Saturday March 31 2018, @09:40PM (1 child)

        by RamiK (1813) on Saturday March 31 2018, @09:40PM (#660956)

        Do you think that automakers aren't out in front of this?

        No they're not. Both the US government and the automakers/aviation learned their lesson from the Japanese automakers invasion and will not lobby, or bend over to lobbying trying to legislate technology away. The press releases are related to managing the stock market from getting too caught-up in a long term production (as opposed to technological) supremacy struggle while expecting short-term gains. If anything, the permits are being given prematurely as the tech isn't quite road-ready as it should be since the anxiety levels about developing a production capabilities gap is high in DC corridors nowadays. Instead, the response has been to fight against Chinese steel and aluminum subsidizes. It started with Obama's challenges to the WTO and progressed to more aggressive tariff wars moves by Trump.

        Since automobiles, aviation, pharmaceuticals and heavy-silicon aren't in the same level of play we tend to observe a move and generalize it as policy. But still, overall the trend has been to stop legislating barriers as a default.

        But admittedly, it's not a two part conflict. Some companies are lobbying one way. Some nations are lobbying another way. There's different industries and different news outlets with different ties and different interests all running their own angles and reaching government in different ways. Still, as long as China prevents rich Americans from buying Chinese factories, I believe the general political agenda in the States will stay combative and competitive. Aligning interests and all that...

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        • (Score: 2) by JoeMerchant on Saturday March 31 2018, @10:45PM

          by JoeMerchant (3937) on Saturday March 31 2018, @10:45PM (#660983)

          anxiety levels about... everything ...is high in DC corridors nowadays

          Thank the senile reality show producer/star for that.

          the trend has been to stop legislating barriers as a default.

          Try explaining that to the tweet-for-brains CinC.

          as long as China prevents rich Americans from buying Chinese factories, I believe the general political agenda in the States will stay combative and competitive. Aligning interests and all that...

          Agreed. Back in the early 1900s, the saying was: "X hundred million Chinese can't be wrong" - and the general concern was that with their sheer numbers they could march through our cities and take over, not and unfounded fear if you look at Tibet. Through the Cold War, they were less of a concern, but the population imbalance didn't go away. Now that we're mostly coming around to the idea that nobody is going to nuke anybody else into oblivion (though, I see that rhetoric cranking up from Carrot-top's buddies and the media lately) the a realization that 1.4 billion is a lot bigger than 350 million is starting to take hold again with economic worries.

          Complex, highly multi-dimensional problem, with many chaotic elements.

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