Cory Doctorow
speaker
525 appearances
1 recordings
1 series
first heard Jul 2026
last heard 31 Jul
Cory Doctorow’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Of course, there's another one.
This is from John Kenneth Galbraith, which is that the market can remain irrational longer than you can remain solvent.
So let's remember here.
The point of a bubble is insiders lie about an investment opportunity.
They hype it up with other insiders.
They unload it on everyday savers.
And in America, everyday savers are people who used to have employer pensions and now have market pensions.
They just don't want to starve to death or be homeless in their old age.
And they have to guess about the market correctly.
Otherwise, that's what happens to them.
They give all their money to swindlers.
And then the whole thing blows up.
Every bubble is very, very evil.
So when a third of the stock market is vaporized and takes the savings of everyday people with it, when the S&P 500 loses a third of its value overnight, it's going to make 2008 look like a walk in the park.
And if what we do when the bubble bursts is what we've done with all the other financial emergencies, except for a little around the edges of COVID.
Bail out the perps and do austerity.
We are going to drive people into the arms of fascists and authoritarians.
That's pretty well understood in political science.
You know, I'm living in the UK now.
There was just this big study here that showed that if your doctor's office shuts down because of austerity, because remember the medical care here is public, right?
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