2020 and the Coronavirus pandemic marked a serious inflection point in how we view various facets of our society. As panic and uncertainty gripped the globe, the systems we rely on (and for too long have blindly placed our trust in) began to unravel. We did not have the luxury of looking away. Nor did we understand clearly what it was we were looking at exactly. For the first time, many of us were forced to inspect the structural failures that formed the basis of everything from racial healthcare disparities to job insecurity to financial inequality. In short, the crisis backed us into a proverbial corner \u2014 threatening our livelihoods, our families, and our futures. That kind of desperation breeds an examination of our own ignorance. Desperation lifts the veil. And desperation clarifies that which is unmistakably broken and in need of repair. But, as Americans, we too often tend to have short memories.The last time this happened on a grand scale was during the 2008 recession. As the subprime mortgage scandal imploded, the government scurried to help bail out the banks, leaving everyday Americans holding the bag. While millions had their homes foreclosed on en masse, those same banks and hedge funds who created the precarious environment which toppled the world financial markets secured $700 billion in taxpayer bailouts while largely avoiding any substantive punishment for their recklessness and greed.Now, with a worldwide pandemic under no one\u2019s control, the entire financial system, our trust in the very idea of the economy itself, had to be bailed out, had to be salvaged, lest everything collapse into a chaos even worse than what we experienced in 2008.What was normalized with the creation and increase of the money supply since the recession was the decoupling of risk from the broader financial system:\u2026<\/p>","protected":false},"excerpt":{"rendered":"
2020 and the Coronavirus pandemic marked a serious inflection point in how we view various facets of our society. As panic and uncertainty gripped the globe, [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/3904"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=3904"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/3904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=3904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=3904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=3904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}