this post was submitted on 09 Apr 2025
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The covid one is really the only one that really stands out as being a unique naturally caused crash, but what makes it most unique isn't the market stuff at all.
This one has been just waiting to happen for a while, but this one being intentionally caused is fairly unique, I guess.
The size of the dotcom + great recession combined is fairly unique, making immediately before the dotcom bust one of the worst times you could have retired in the US since at least the great depression. But that doesn't affect millennials directly and it's the affect of two back to make crashes.
Yeah, the Trump Recession (we hope not a full-blown depression) will have been uniquely caused as well. Definitely one for the history books.
You think the future will have books?
Far future will. Life on Earth tends to find a way.
homer_so_far.png
Eventually, if human civilization develops again.
All the religious books will be completely different and contain a lot of wacky stories describing the "now" times. All the science books will be the same.
I don't think Earth has enough time for a whole new intelligent species to evolve though. In the amount of time it would take for our continents to subside back into Earth's crust and new landmass to emerge so a new species will have access to surface minerals to build a new industrial age (without oil this time, so already challenging enough) we will probably be facing the end of the carbon cycle on Earth anyway and there will probably be almost no biosphere left. This will happen either way, so it's not like this is some kind of environmental message, we just need to be aware that sure, Earth will go on, but we still very well might be "it" for not just Earth, but for all we know the whole universe.
What makes you think a completely independently evolved species wouldn't make the same mistakes we did?
No, I'm saying there won't BE any oil or coal, at least not easily accessible, most of what we use now comes from unimaginably deep in the crust using very advanced technology.
We needed fossil fuels to make the leap from iron-age tech to industry, another species or civilization MIGHT be able to do it without easy access to efficient fuel sources, but it would be a huge handicap.
Fossil fuels definitely turbo-charged our technological developement. Cheap portable energy and petrochemicals. Guaranteed to be addictive. And without then, or some other comparable miracle, it would have taken us many times longer to get where we are.
We are like someone who only ever played Civ with cheats and we're going to find out soon how hard the game is without (and... because of) that magic black goo from the ground.