Politics Magazine

History Repeats Itself, First As Tragedy, Then As Farce

Posted on the 06 January 2016 by Calvinthedog

1920’s: High inequality, high banker pay, low regulation, low taxes for the wealthy, robber barons, reckless bankers.

2000’s: High inequality, high banker pay, low regulation, low taxes for the wealthy, CEO’s, reckless bankers, globalization.

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1929: Wall Street crash

2008: Wall Street crash

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1930’s: Global recession, currency wars, scapegoating of minorities, mass refuge flows, refugees turned away from safe havens, rising rightwing populism, ultranationalism and rightwing extremism.

2010’s: Global recession, currency wars, scapegoating of minorities, mass refuge flows, refugees turned away from safe havens, rising rightwing populism, ultranationalism and rightwing extremism.

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