this post was submitted on 18 Jan 2025
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I don't know if I'm going crazy but looking at the current situation in the world ... please tell me that I'm overexagurating

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[–] Brkdncr@lemmy.world 23 points 13 hours ago (2 children)

No. It’s bad for the economy.

[–] ReanuKeeves@lemm.ee 7 points 12 hours ago (1 children)
[–] Azzu@lemm.ee 2 points 8 hours ago (1 children)

It's bad for certain parts of the economy and it is dangerous for current rulers.

[–] ReanuKeeves@lemm.ee 1 points 8 hours ago

Economy is cyclical, always either heading into a recession or coming out of a recession. A capitalist society requires constant money flow for expansion which is why interest rates are lowered during recessive times to stimulate expenditure and raised during peak to control expansion. World wars put spending into overdrive.

[–] scrubbles@poptalk.scrubbles.tech 6 points 12 hours ago (1 children)

The number one thing I've learned through the last several decades is that if it's bad for the economy, no one will do it. Greed is the number one driver of everything right now. Maybe that will change, but I doubt it. Look at all the positive progress we try to make, it's stopped the second anyone rich would lose any money.

[–] iii@mander.xyz 2 points 12 hours ago (2 children)

Russia fucked their own economy.

[–] yogthos@lemmy.ml 5 points 9 hours ago

Meanwhile, in the real world. Russian economy is booming, and the World Bank just reclassified Russia as a high income country https://blogs.worldbank.org/en/opendata/world-bank-country-classifications-by-income-level-for-2024-2025

The IMF forecasts that Russian economy is set to grow faster than all the western economies https://www.cnbc.com/2024/04/17/russia-forecast-to-grow-faster-than-advanced-economies-in-2024-imf.html

[–] kurcatovium@lemm.ee 1 points 11 hours ago (1 children)

Not the first time, nor the last...