Hippies are to Blame for the Economic Collapse of 2008

The Summer of Love was in 1967. Hundreds of thousands of hippies migrated to large metropolitan area like San Francisco and New York. In 1969, an estimated 400,000 free loving hippies gathered at Woodstock for 3 days of peace and music and sex and drugs and rock and roll. From 1967 to 1987, the year that the movie Wall Street is release, is 20 years, and most of the hippies from 1967 cut their hair and got jobs in that time. In those 20 years, the counter revolution of free love had grown up and gotten corporate jobs, those 18 year old hippies where now 38 year old middle managers in corporate raiding america of the 1987. Add another 20 years and this takes us to 2007, when about the hippie generation about to retire. In 2007, the hippies had grown to fill up most of boardrooms in corporate america. It was under the leadership of the hippie generation that dot com bubble burst in 2002, it was under their direction that jobs got outsource and offshore, they found new economic models like pooling poor performing home loans into highly rated collateral debt obligations, they found new tax strategies like double Irish and dutch sandwiches. The hippie ethos of free love turned out to be about free love of money, and this lead to the economic recession of 2008.

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