• Sickos [they/them, it/its]
    hexbear
    60
    4 months ago

    Somehow all my lib friends have fully bought into stock market = economy, and they're raving about how great the economy is. None of these fuckers grew up poor.

    • zifnab25 [he/him, any]
      hexbear
      57
      4 months ago

      If you're watching the big 401k line go up, it must seem strange to magically get 20% richer every year and see people complain about how they're feeling increasingly impoverished.

      None of these fuckers grew up poor.

      Poor is a phase you go through in college when you're living in student housing, dressing in sweat pants, and eating bowls of lukewarm ramen between classes. But then you graduate, work your way up through the New Hire program at your Fortune 500 company, get that first big five/six figure bonus check, and settle in as a 30-something with a proper labor aristocrat lifestyle.

      Of course I grew up poor, but then I yanked hard on my bootstraps and now here I am!

      Why didn't you get a position earning six figures as a mid-level accountant at an insurance adjustment firm? Must not have worked hard enough, clearly.

      • raven [he/him]
        hexbear
        37
        edit-2
        4 months ago

        You're just mad because you weren't smart enough to invest during the downturn. Didn't you ever hear "buy low sell high"? smuglord

        • zifnab25 [he/him, any]
          hexbear
          22
          4 months ago

          you weren't smart enough to invest during the downturn

          Christ, I still see people say this shit about Bitcoin. For so many reasons, it fills me with rage.

      • Adkml [he/him]
        hexbear
        19
        4 months ago

        The crazy thing is half thenpeople amijg the argument aren't even actually raking it in.

        But they've been conditioned just as much as the "temporarily embaressed millionaires" to think advocating for their continued exploitation is virtuous.

        • bigboopballs [he/him]
          hexbear
          11
          4 months ago

          The crazy thing is half thenpeople amijg the argument aren't even actually raking it in.

          But they think they're on the same team as the billionaire capitalists

      • Evilphd666 [he/him, comrade/them]
        hexbear
        10
        4 months ago

        Any time a fund in my 401 performs well it gets put on a list by the fund managers to get axed for some stupid reason. Can't have the plebs get a secure future nope nope nope. Gotta keep these "options" down to less than 5% growth.

        Why are people not trusting the market news we put out the cover for the Administration? It's a mystery!

    • Aryuproudomenowdaddy [comrade/them]
      hexbear
      36
      4 months ago

      I knew a woman that went completely rabid for Trump boasting about how great the economy was doing during his admin. She had been posting on FB like a month before asking if anyone knew of a working car that she could buy for around 1k.

    • happybadger [he/him]
      hexbear
      34
      4 months ago

      Somehow all my lib friends have fully bought into stock market = economy

      Where we go one we go all. Trust the plan. Patriots are in charge of the economy.

    • Adkml [he/him]
      hexbear
      21
      4 months ago

      Also all these same libs u derstpod this perfectly when Trump was bragging about how great the economy was because the stock market was high.

      But then blue Maga got elected and those exact same people somehow conveniently unlearned that fact and are now just literally running red Magas script.

  • Infamousblt [any]
    hexbear
    52
    4 months ago

    What would it take to convince economists that "the economy" is fucking meaningless?

  • AntiOutsideAktion [he/him]
    hexbear
    47
    edit-2
    4 months ago

    I just spent 9 months at various degrees of homeless and the government couldn't even do so much as act as a matchmaker for me and either a job or a home. Couldn't even fucking help me navigate the ancap hellshit. Now I have two roommates and an hour commute for a job people give me gifts throughout the day out of SYMPATHY.

  • BodyBySisyphus [he/him]
    hexbear
    44
    edit-2
    4 months ago

    The Gini Index is the highest it's been since the Gilded Age
    speech-r
    is-this "Is this a functioning economy?"

  • frogloom [they/them]
    hexbear
    41
    4 months ago

    i feel cold i feel hungry too bad facts don’t care about my feelings

  • Parzivus [any]
    hexbear
    40
    4 months ago

    I think a lot of libs are genuinely unaware that price increases for necessities like food and rent make line go up

  • SorosFootSoldier [he/him, they/them]
    hexbear
    37
    4 months ago

    Show

    Ben Garrison is wild because sometimes he has these moments of clarity where he draws something actually good and not wildly unhinged.

  • FuckyWucky [none/use name]
    hexbear
    34
    edit-2
    4 months ago

    The toll of inflation on the American psyche is undoubtedly part of the story. That people hate high inflation is not a novel observation: The Federal Reserve has long been obsessed with preventing another ’70s-style inflationary spiral; its patron saint is Paul Volcker, the former Fed chair who famously broke that spiral by jacking up interest rates, which plunged the economy into a recession.

    So, bloodletting. Volcker shock destroyed Latin American economies and so did the recent interest rate hikes.

    The entire article is just so smarmy and annoying to read. Sure, U.S. was one of the less affected countries in part due to all the capital flowing from the Global South.

    Support for this project was provided by the William and Flora Hewlett Foundation.

    Bill and Melinda Gates foundation sponsoring videos on how awesome neoliberal poverty 'reduction' is type shit.

    The William and Flora Hewlett Foundation, commonly known as the Hewlett Foundation, is a private foundation, established by Hewlett-Packard cofounder William Redington Hewlett and his wife Flora Lamson Hewlett in 1966.

    HP-branded corporations provide and operate technology that Israel uses to maintain its system of apartheid, occupation and settler colonialism over the Palestinian people. Hewlett Packard’s violations of Palestinian human rights have been well documented. Aside from providing services and technology to the Israeli army and police that maintain Israel’s illegal occupation and siege of Gaza, HP provides Israel’s Population and Immigration Authority with the exclusive Itanium servers for its Aviv System.

    So progressive

  • the_post_of_tom_joad [any, any]
    hexbear
    33
    edit-2
    4 months ago

    How can a person read this thing and not immediately know in their bones the author is lying to them? Is being an average American liberal like being a beaten and emotionally abused spouse? How else could one make their way through that venomous gaslighting "article"?

    • duderium [he/him]
      hexbear
      24
      edit-2
      4 months ago

      Liberals benefit from this shitty economy. That’s why they believe in it.

      I mean, I call myself a Marxist, but I am also benefiting immensely from this economy right now because, while I despise capitalism and colonialism and imperialism and patriarchy, I’m not really doing anything about it. If these systems weren’t working so well for me (if, for instance, it became impossible for me to get food), I would be a lot more inclined to riot rather than to just whine on the internet and attempt in vain to convert my last few liberal friends to communism.

    • coeliacmccarthy [he/him]
      hexagon
      hexbear
      18
      4 months ago

      How can a person read this thing and not immediately know in their bones the author is lying to them?

      being rich and comfortable and insulated

      Is being an average American liberal like being a beaten and emotionally abused spouse?

      it's when you still get the treats and the only suffering people you see are of the untouchable homeless caste

      How else could one make their way through that venomous gaslighting "article"?

      being rich and comfortable and insulated and wanting absolution for that whisper deep down saying you are murdering the world

  • DragonBallZinn [he/him]
    hexbear
    33
    edit-2
    4 months ago

    Maybe it's because a good economy is a bad thing, and we need to make it worse. If a good economy is all that matters, then California wouldn't be a punchline. California is quite literally too good of a place to be a good place to live. California is being punished for being so successful. California is rich but Californians are poor. Americans are poor but America is rich.

    But sure, import more exploitation of the global south back in house in the country that just so happens to be the bourgeoisie's vector for hegenomy. What could possibly go wrong when millions of us poors and minorities have a reason to oppose you?

    MFW I just went Maoist-third-worldist but I invited millions of Americans into the third world atmosphere.