the_dunk_tank • 3 years ago

They’re going to engineer a recession.

135

They’re going to engineer a recession.

LibsEatPoop [any] to

the_dunk_tank • 3 years ago

51 Comments

> Workers started unionizing, getting raises & taking advantage of a tight labor market to get a slightly better deal

> The ruling class freaked, now the Fed is engineering a recession ostensibly to get inflation under control, but it functions to destroy the growing power of labor.

> Capitalism needs a reserve army of labor to discipline and threaten active labor, and to be able to easily and quickly replace uppity workers with ever-more desperate people who will work for less and under worse conditions out of extreme precarity & fear of total immiseration.

Chat

FloridaBoi [he/him]
·
3 years ago
They only have two levers: money supply and interest rates

Source: I took the Econ AP exam 18 years ago

link
- culpritus [any]
  ·
  3 years ago
  :same-picture:
  
  link

the_dunk_tank

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !the_dunk_tank@hexbear.net

Community locked: only moderators can create posts. You can still comment on posts.

It's the dunk tank.

This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.

Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.

Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.

Rule 3: No sectarianism.

Rule 4: TERF/SWERFs Not Welcome

Rule 5: No ableism of any kind (that includes stuff like libt*rd)

Rule 6: Do not post fellow hexbears.

Rule 7: Do not individually target other instances' admins or moderators.

Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to !shitreactionariessay@lemmygrad.ml

Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

5 users / day
14 users / week
55 users / month
3.08K users / 6 months
15.2K local subscribers
15.9K subscribers
20K Posts
427K Comments
Modlog