The next financial crash is coming. Which way will the world turn? | Damian McBride
by Damian McBride from on (#11119)
I used to think a rerun of 2008 would undoubtedly benefit the anti-capitalist left. Now I'm not so sure
Five months ago this week, I invited some good-natured mockery by warning people that the only way to survive the looming economic crisis was to take a large notepad and go and watch The Revenant. We'd all be living in the wilderness soon enough, so it was time to learn how.
Well I didn't go quite that far, but I did state my profound belief that this crash would be much worse than the 2008 banking crisis, and - given how close we came to the collapse of the financial system then - it's a reasonable fear that we won't get so lucky twice.
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