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Whenever anyone says "the economy", you can and should mentally substitute it with "rich people's yacht money".
Rich people's yacht money doing well doesn't do shit for 90% of the population. It doesn't pay the rent, put food on the table or clothes on their back. They can't afford to see a doctor or ride the damn bus.
And you want them to be happy because some stockbroker is getting a second holiday in the Maldives this year?
Stupid arrogant fucks.
That's why they say "unemployment being too low is bad for the economy". Low unemployment means higher negotiating power for workers, which means higher wages and better working conditions. The only way that statement makes any sense is if they're exclusively talking about yacht money.
But the rules of supply and demand should only apply to the consumer, not the producer.
Don't even start on the wage-inflation-spiral idea. It's the workers' fault for wanting higher wages as it allows service-oriented business to charge higher prices, driving inflation.
While the theory probably has roots in real-world pricing algorithms (eg how much can we charge people in X region for Netflix) that rise in cost contributes to inflation figures. The fact that wages have been stagnant for decades undermines the whole argument.
"Well the poors can afford it and the shareholders will love it!" FFS
Too bad all those "right to work" people have been actively fighting against negotiation powers for workers. But lets blame the 'yacht owners' and piss and moan about how they take advantage of the lopsided negotiation powers we voted in for them.
I know! We should put exclusively yacht owners in power! They'll totally fix it. /s
Similarly, when they say NAIRU, you can and should mentally substitute "inexhaustible scab labour pool".
When people say they’re not happy about the economy, this is the shit they’re talking about, not statistics.
Ordinary people get fucked in this economy, and there isn’t any party that can do anything about it.
The socialist party.
They’d like to do something about it. But they can’t get elected.
Unless there’s something else they’re planning.
'Murica had a chance in 2016 but the DNC decided "nah".
I’ll say it an umpteenth time: good fash/bad fash afab.
Bernie would have won, and the last 8 years would have been vastly different.
Al Gore ran and would have won but republicans stole that one. It’s more complex than “DNC is icky”
The DNC manipulated the vote between Clinton and Bernie so Clinton would win the nomination.
They're not "icky" ... they're manipulative assholes.
Except they didn’t manipulate the vote and you’re just quoting trump:
https://twitter.com/realDonaldTrump/status/926247543801044993?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fthehill.com%2Fblogs%2Fblog-briefing-room%2F358565-trump-dnc-tried-to-illegally-steal-primary-from-sanders
Best there was was a fundraising agreement that favored the established candidate, could have done better but that’s not manipulating the vote unless you’re an idiot.
Meanwhile Bernie’s caucuses with fascists? You sound like you have no grasp Of the world because anyone less than pure is a facist to you while actual fascist get voted in because of you ignorance and apathy.
Again Bernie endorses and caucuses with democrats. Because they rigged the vote? You realize how aligned he is with the dem party and works with their establishment. So he’s a fascist too?
Along with refusing to endorse a ceasefire, Bernie is just proving Stalin correct: social democracy is the leftwing of fascism.
Bernie refuses to oppose genocide Gaza because he refuses to endorse a ceasefire. This is a fact, regardless of whatever handwringing he's doing to pretend like this isn't an obvious betrayal. The Squad endorsed a ceasefire. Why won't he?
They are also fascists.
But they’re Rainbow Fascists, so they’re better than Trump… right? Right??
My comment was in agreement.
Ah, my apologies.
No worries. I have a hard time reading between the lines, myself.
No, if Bernie somehow won the nomination in 2016 then Hilary would have endorsed Trump to stop socialism.
Never underestimate Democrats.
Politics literally sets the rules. If you can get an elected majority you can certainly do something about it.
To fix things we would need one party to take over 153 separate branches of government.
Ezpz
What could possibly go wrong with a one-party state?
Not at all. You’re missing the forest for the trees lmao
The problem is that no matter how much inflation goes down, if the price gouging capitalists that own the grocery stores, the gas stations, and so on don’t stop.
It’s not about rich people’s yacht it’s about the American people being taken advantage of simply because they can. The economy is doing a lot better, record low unemployment for example is a huge metric here but what difference does that make when the grocery stores are selling less for more money?
You’re crying about rich people’s yachts when you should be crying about record price gouging without any cause. Those yachts don’t have impact on the average American’s QoL but price gouging absolutely does.
When investors do better, nobody else does better. The whole system is based on harvesting wealth from society as a whole, and concentrating it in the top 1%. Ever hear of the Gini coefficient?
Yes, price-gouging companies jacking up their prices and paying fuckall in wages are the direct instrument of suffering. But they do so in order to provide yacht money for the investor class, and in so doing they impoverish literally everyone else.
The uh... the yachts are payed for with price gouging my dude. 😕