There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

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.

circuitfarmer ,
@circuitfarmer@lemmy.sdf.org avatar

Stock market gains or shareholder gains mean absolutely shit to the average american.

If I can’t afford housing and bread, shit isn’t good. Let’s change how we report on the economy.

Pyr_Pressure ,

There’s the “economy” and then there’s the real economy. The one that affects the 1% and the one that affects the 99%.

The 1% love the current “economy”.

The 99% hate the current economy.

henfredemars ,

The economy as reported is a measure of rich people sentiment, not a measure of how we’re doing.

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.

DarkCloud ,

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

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.

modifier ,

…then it is.

Check your instruments.

some_guy ,

Where was all that growth? Could it be in the pockets of billionaires and the owners of this country? Cause I don’t hear regular people cheering about the extra money they suddenly got from their jobs.

DudeImMacGyver ,
@DudeImMacGyver@sh.itjust.works avatar

The secret ingredient is corporate greed.

kibiz0r ,

1: The Sahm recession indicator triggered in July. Now both this and the Kantro indicator are signaling that a recession already started. Both have a near perfect record since 1970.

2: How the ‘strong’ US economy feels for poorer Americans, in five charts

3:

https://midwest.social/pictrs/image/6cb917e5-2493-404c-88fb-858ffa9a8afb.png

SteveFromMySpace , (edited )

Ok let me preface this by saying every single person experiencing homelessness deserves the security of a roof over their head and more.

<150,000 is surprisingly low to me.

Is this nationwide? The upward trend is concerning no doubt, clearly something is wrong is more people are experiencing chronic homelessness at a rapidly rising rate. But honest to god I am shocked to see it isn’t at least 1-2mill nationwide.

Edit: thinking about it now 1 in 300 would be pretty high

Daxtron2 ,

It is a notoriously hard metric to track

SteveFromMySpace ,

Yeah and my 1-2mill would mean 1 in 150-300 which would be pretty high tbh

LustyArgonianMana ,
@LustyArgonianMana@lemmy.world avatar

But think of all the people you know living in vans and campers. For me, these days that’s a lot of people. I really don’t think that’s enough either

CoffeeJunkie ,

Why don’t they just go door to… ah, nevermind.

Kecessa , (edited )

That last chart uses “raw” numbers but it needs to be compared using per 100k or something of the sort

PagPag ,

It was triggered today… and has had only two false positives since 1959.

What most people don’t know is that the economist who coined the term, Claudia Sahm, proposed this rule as a way to warn governments to allow them to preemptively send out stimulus to their population lol.

The Sahm rule originates from a chapter in the Brookings Institution’s report on the use of fiscal policy to stabilize the economy during recessions.

(en.m.wikipedia.org/wiki/Sahm_Rule#cite_note-2)The chapter, written by Sahm, proposes fiscal policy to automatically send stabilizing payments to citizens to boost economic well-being. Instead of relying on human intuition to determine when such payments should be sent, Sahm outlines a condition to trigger the payments.

(en.m.wikipedia.org/wiki/Sahm_Rule#cite_note-:1-3) The trigger suggested indicates an economy beginning a recession and is now known as the Sahm rule. The Sahm rule recession indicator was also featured early in a Goldman Sachs U.S. economic research report by economist William C. Dudley with a recommended trigger of 0.33%

(en.m.wikipedia.org/wiki/Sahm_Rule#cite_note-4) (the nowadays more commonly used rule triggers a recession signal when the Sahm metric is crossing above 0.5%).

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.

Empricorn , (edited )

I dare you to post a wage gap chart. Who gives a fuck if the “country” is growing financially, if like 60 billionaires take more of it??

Venator ,

Also doesn’t even actually help the country grow financially if if all goes to a tax haven…

BodePlotHole ,

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

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.

arefx ,

The other 30% are rich

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •