cross-posted from: https://lemmy.ca/post/54239937
During the Great Depression, when banks foreclosed on farms, neighbors often showed up at the auctions together.
They’d bid only a few cents, and return the land to the family that lost it. Sometimes a noose hung nearby as a warning to outsiders not to profit from someone else’s ruin.
It was rough, but it worked, communities protected each other when the system wouldn’t.
If a collapse like that happened today, do you think people would still stand together or has that kind of solidarity disappeared? Could it happen again?
That wasn’t a great depression.
Because a depression is going to make banks sympathetic to the poors? Don’t bet on it.
A real depression wouldn’t spare anyone, everyone gets hit not just the poor.
Why would that make banks less likely to take foreign money instead of more likely to take foreign money?
Says who? The Bush crash of 2008 destroyed a lot of lives, and the media never really covered it properly. My son still talks about how 2008 blew a whole in the lives of his entire generation, the way Covid did to the generation in 2020. The media acknowledged the decline of families during Covid, but not the Bush 2008 Crash.