I don’t understand the point of these posts - at this point we all understand that the economy has changed in the last 60+ years and even changed dramatically in 2000, 2008, and 2019 in rapid succession.
I’ve seen a lot of danger in belaboring these sorts of point, often sowing the seeds of hopelessness, generational dissent (which ultimately isn’t productive), and it never seems to come with a meaningful call to action or what better advice would be.
Which is concerning given the rising rates of depression, anxiety, and suicide attempts in younger generations vs previous.
Laws arent being enforced, and government is there to help the rich. First was bitches(the rich) hated unions, so they bribed the gov to open offshoring to break them up. Things like closures back in the day got you in trouble, now is a tactic companies use to keep unions forming.
Next the consolidation of competition, I think Kahn had the last successful stop with Albertson, and Kroger. I think the last one before was in early 2000s. We have many industries that are owned by a few to 4 companies. This drives costs up, and hurts if recalls happen ie baby formula recall. Also hurts innovations as well. High speed Internet might not exist if at&t was not broken up in the late 80s.
High taxes on the wealthy also helped the people more. A gov that tied mw to inflation would also help.
Trying to act like this was just a one time thing from rebuilding Europe and Japan is naive. This is a gov bought to serve the rich and their needs, and we are seeing the aftermath of them getting their way for the last 80 years.
Bullshit. We are being strip mined by $billionaires. Thats it. Thats what is happening. 1% control literally 70% of the money. The bottom 50% have literally 1% of the money. They are bleeding us dry despite the fact they have more money than they could ever spend.
Normalizing? Lol. Was the great depression normal? High income inequality is not sustainable. High inflation is not sustainable. Inflation is one of the reasons we changed our retirement system in 1978 and why we allowed stock buybacks in 1982. Those decisions, along with many others led to what we have now which is an overinflated stock market that is not representative at all to local economies nationwide. Your big government argument doesn't work because we literally have corporations writing laws that government passes. Welfare for corporations is okay but, oh no, social programs that make life better for everyone? That's big government and its bad. Pfft whatever
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u/draconicmonkey 21h ago
I don’t understand the point of these posts - at this point we all understand that the economy has changed in the last 60+ years and even changed dramatically in 2000, 2008, and 2019 in rapid succession.
I’ve seen a lot of danger in belaboring these sorts of point, often sowing the seeds of hopelessness, generational dissent (which ultimately isn’t productive), and it never seems to come with a meaningful call to action or what better advice would be.
Which is concerning given the rising rates of depression, anxiety, and suicide attempts in younger generations vs previous.