Hacker News Reader

Comment by xadhominemx | Hacker News Reader

Some people wouldn’t mind if the economy is plunged into recession if it means some rich people get theirs. These misanthropes pop up during every financial or possible financial crisis.

View on HN

I mean, yeah, but they only serve as a response to the “let them eat cake” class, who always ends up getting their way in the end. The real misanthropes are the ones who keep the status quo primed for the next financial catastrophe by not fixing anything when things are good, because financial catastrophes are profitable for them.

> The real misanthropes are the ones who keep the status quo primed for the next financial catastrophe by not fixing anything when things are good, because financial catastrophes are profitable for them.

Who are these people? This describes a small number of people and they are not in power.

The individuals in the role of Speaker of the house, senate majority leader, and POTUS over the last 30 years. I wasn’t expecting to provide a list, as you didn’t list the individuals you were referencing, but if you want specific names I can get those.

The only person among those who conceivably see any upside from recession are congressional leaders who are not in the President’s party. Fortunately, they do not control the FDIC and Fed in exigent circumstances.

Upper echelons of government definitely benefit from maintaining the status quo order. Mitch McConnell and Nancy Pelosi being in power for years and years and years doesn't happen on accident. That's what happens when entrenched power structures do whatever they can to stay entrenched. If that means letting the economy blow up every few years, fine. No skin off their backs, they're at the top of the pyramid. Why should any of them fix anything when things are good?

If the economy is bad, the people in power in democracies lose their jobs.

Strawmen who do very important work in propping up world-views.

Reply on news.ycombinator.com