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SaharaMaleikuhm ,

Maybe if the average citizen would benefit from economic growth.

b161 ,

“Economic growth” = rich people’s yacht money

DudeImMacGyver ,
@DudeImMacGyver@sh.itjust.works avatar

The secret ingredient is corporate greed.

Krauerking ,

I have a feeling that they announced the rate cut because of early access to the data showing that everything was finally cracking under the pressure and Powell was hoping to spike up the stock market with wild abandonment partying before the jobs data and recession flags would become public knowledge.

It’s definitely just a game for getting rich people to be playing with their money and it’s so tiring to be ignored for only their sake.

InternetUser2012 ,

I see prices going down, here and there. It’s good but it’s also bullshit. They raised the prices to make record profits and when people can no longer afford anything, they drop them. “See how nice we are, we lowered our prices for you”, when in reality they’re scared because people gave up buying their shit altogether.

DarkCloud ,

Economic growth doesn’t necessarily translate to an economy that serves the needs of a wider majority, often it means just the opposite.

arefx ,

The other 30% are rich

demesisx ,
@demesisx@infosec.pub avatar

The economy IS getting worse.
VIX yesterday let me know that economists think we’re about to enter a recession.

Facebones ,

“Economic growth” = stock market up

Stock market is just the scoreboard for theft of economic value, it is useless as a measure of economic health except maybe inversely (if stock market is up that means more wealth is being extracted and funneled upward)

BodePlotHole ,

Homes aren’t going to get more affordable… Neither is Healthcare.

masquenox ,

Wow.

It’s almost like pathologically fetishized “growth” (perpetually fetishized by the rich and their trained sycophants in the media, that is) is completely disconnected from the socio-economic condition of the majority of people on this planet.

MystikIncarnate ,

It always has been.

BeautifulMind ,
@BeautifulMind@lemmy.world avatar

Well, an economy that prices more and more people out of specific markets (like, the average person can’t afford the median home any more and the cost of necessities like food, fuel, clothing and housing has gone up much faster than return on labor) might involve a rising stock market but it is objectively worse if you make your money by working.

rambling_lunatic ,

The economy grows, but the benefit is not reaching the proles

Faresh ,

You can’t eat gdp.

Angry_Autist ,

but you CAN eat the rich

ShaggySnacks ,

Remember to cook them first. Don’t want to get food poisoning.

P00ptart ,

Don’t eat the orange ones. That shit is toxic. Prepare it if you want, but it’s definitely best to food waste that shit.

iconic_admin ,

Comment of the year.

Faresh ,

Not really mine. I heard a similar quote from somewhere I don’t remember.

uriel238 ,
@uriel238@lemmy.blahaj.zone avatar

We’ve known the ownership class was treated differently after the bank bailouts in 2008 which ran entirely contrary to capitalist theory as it was taught: if your company fails, then your company fails, and its detritus will feed growth elsewhere.

But it turns out some companies are special and are too big to fail because when they go, dozens of other propped up companies collapse with them.

I can’t help but wonder if we let that catastrophe happen, would it serve as a reminder why capitalism needs to be strictly regulated? Because we undid all the regulations erected thanks to the subprime mortgage crisis of 2007, and private equity is still demolishing huge chunks of the economy while investors get rich on bankruptcy shenanigans. This is the same kind of aristocratic bullshit as 1789.

We had a peaceful protest. OWS. Then one night, NYC turned off all the cameras and unpeacefully swept it away. We were told they didn’t have specific demands. But they did, and their grievance was legit regardless.

So now, society is stratified. The ownership class has segregated itself from the working class and they won’t consider grievances from the third estate. We saw during the Obama administration a _recovering economy _is not felt by the working class. We see now they’re glad to install a one-party autocracy to keep it that way.

To be fair this was always the endgame. Our industrialst betters were sore over the New Deal. And later, school integration and interracial marriage.

I think their plan is to literally arm robotic dogs with guns and try to to rule us at gunpoint, kinda like Hebron. See XKCD 1968.

A_Random_Idiot ,

because it doesnt matter how great the economy is, because only the rich and businesses benefit from it.

Meanwhile us peasant folk are still struggling to buy overpriced essentials and afford the worst, most unsuitable, barely qualifying roofs over our heads.

P00ptart ,

Mmm I love sawdust in my food! /s

M0oP0o ,
@M0oP0o@mander.xyz avatar

Woah there, slow down money bags. Around this economic level we pad our food with high fructose corn syrup, pink slime and sand for flavor.

A_Random_Idiot ,

It is mind boggling the shit that you can pick up off the shelf, read the ingredient list of, and find HFCS.

MutilationWave ,

Fucking bread. Goddamn it.

M0oP0o ,
@M0oP0o@mander.xyz avatar

Vitamins is one of my “favorite” finds recently.

MutilationWave ,

Wow what in the actual fuck? I mean Flintstones vitamins for kids have some I’m sure but this is in adult vitamins? Which brand?

M0oP0o ,
@M0oP0o@mander.xyz avatar

The gummy ones from walmart (I like the idea of candy for my health).

Also what is up with the brand “one a day” making vitamins where you have to take 2 a day?

MutilationWave ,

That’s so great you bring up one a day. My wife had bought some and said how many of these am I supposed to take. And we laughed because it was such a dumb thing to say. Then we read the bottle and we were like this is ridiculous.

M0oP0o ,
@M0oP0o@mander.xyz avatar

It was why I was looking for a new company of vitamins, and then see high fructose corn syrup on the competitor…

Guess I will be going without those vitamins for a while.

A_Random_Idiot ,

npr.org/…/for-subway-a-ruling-not-so-sweet-irish-…

american bread is legally cake in other countries due to how much sugar is in it.

ZMonster ,
@ZMonster@lemmy.world avatar

That’s fucking hilarious. A whole country of cake eaters.

M0oP0o ,
@M0oP0o@mander.xyz avatar

It is why Subway will always be the cake bread place in my head, great case with simple reasoning.

I also love how it was not due to food quality laws but tax that caught them, no VAT on simple food stuff but VAT applies to confections like candy and cake. So what is the legal difference between cake and bread? The sugar content, and the fact subway instead of changing their bread fought that in court is just peak subway cake bread to me.

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