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Old 12-13-2009, 10:02 AM   #1
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Default great depression?

since economics can be interpretted so differently, i was wondering what anyone else thinks is the greatest cause?
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12:11 PM So you enter the debate with full knowledge that you know nothing of worth on the subject, and then state you will not make an effort to learn. Way to be poster-boy for blight of the forum. Leave discussions of intelligence to those that have it.

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Old 12-13-2009, 10:09 AM   #2
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Default Re: great depression?

I think thinking that there's a 'greatest cause' is the current greatest cause. There are many, many causes, all interrelated and happening all at once, and it's a failure to rethink current economic systems in light of that which leads to the most problems.

Economies across the globe have grown exponentially more complex and unstable within a relatively short time, with things like the internet, real time globalization and information products / knowledge work upskirting everything within about a decade or two. All these new bells and whistles are still hanging from the very old trees and foundations that supported the older and simpler economic practices, which is why things are starting to 'crumble' a bit.

'The economies' of various countries flat out weren't built to handle most of the things they now have to handle, so they're burping up all over the place in the form of unemployment and corporate decay.
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*Alot of people have been asking to help me with various things on the site, many of which involve sharing files between me and other members. Since I get asked almost every day, to do this or collaborate with me personally, use
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gives you a lot more free space than normal to work with if that helps, but mainly, it's easier than me getting a thousand emails I have to download and upload with a file again to reply
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Old 12-13-2009, 10:24 AM   #3
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Default Re: great depression?

*facepalm* bad me, I know in economics there is never just one factor to cause an economic downturn. Sadly things are never black&white, and its this attitude that stumps progress. One way is the notion that economic growth will fix our problems because when a small decrease occurs, it can escalate.However just because a small decrease was a catalst and a contributing factor, doesnt mean growth will fix all our problems . So yeah, sorry for my bad question because it is the idea we can pin the blame on a single cause that will blind the next generation to repeat those same errors
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12:11 PM So you enter the debate with full knowledge that you know nothing of worth on the subject, and then state you will not make an effort to learn. Way to be poster-boy for blight of the forum. Leave discussions of intelligence to those that have it.

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Old 12-13-2009, 10:37 AM   #4
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Default Re: great depression?

Quote:
Originally Posted by bacon_army17 View Post
*facepalm* bad me, I know in economics there is never just one factor to cause an economic downturn. Sadly things are never black&white, and its this attitude that stumps progress. One way is the notion that economic growth will fix our problems because when a small decrease occurs, it can escalate.However just because a small decrease was a catalst and a contributing factor, doesnt mean growth will fix all our problems . So yeah, sorry for my bad question because it is the idea we can pin the blame on a single cause that will blind the next generation to repeat those same errors
No no, I wasn't saying your question was bad!

I was saying that it's the fact that we're still thinking in the 'one big thing' mode, rather than the 'many little things' mode, that's causing the biggest problems. Sorry for any rhetorical confusion on that.
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*Alot of people have been asking to help me with various things on the site, many of which involve sharing files between me and other members. Since I get asked almost every day, to do this or collaborate with me personally, use
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gives you a lot more free space than normal to work with if that helps, but mainly, it's easier than me getting a thousand emails I have to download and upload with a file again to reply
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. Thanks for wanting to help though!
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