The comment you responded to was actually quite accurate in it's description of what's been happening in the United States for quite some time. Each industry has taken it's turn at the chopping block and been hollowed out to a shell of it's former self, with the exception of a few "safe" industries -- until now.
The "safe" industries have appeared so due to their proximity to "The Bezzle". Go look that up. Finance, Health Care, Law, Defense, Government; I think those are the major ones. The point being that the outsized flows of capital through these industries has been a direct result of a feedback loop between government-induced market distortion and kickbacks. The large percentage of revenue in these industries which is rarely paid out of pocket (insurance, defense budget, malpractice settlements, etc.) has acted as the veil behind which a culture of flagrant embezzlement and bribery has been easily concealed. Now that the tap is running dry and the wheels are coming off of the lie we've been told for 20 years, us hoi polloi are perceiving The Bezzle for what it really is.
No one got hurt and that is because your country is a rich country and was able to recuperate the bankers losses.
The "safe" industries have appeared so due to their proximity to "The Bezzle". Go look that up. Finance, Health Care, Law, Defense, Government; I think those are the major ones. The point being that the outsized flows of capital through these industries has been a direct result of a feedback loop between government-induced market distortion and kickbacks. The large percentage of revenue in these industries which is rarely paid out of pocket (insurance, defense budget, malpractice settlements, etc.) has acted as the veil behind which a culture of flagrant embezzlement and bribery has been easily concealed. Now that the tap is running dry and the wheels are coming off of the lie we've been told for 20 years, us hoi polloi are perceiving The Bezzle for what it really is.
No one got hurt and that is because your country is a rich country and was able to recuperate the bankers losses.
We shall see.