• 0 Posts
  • 29 Comments
Joined 1 year ago
cake
Cake day: October 11th, 2023

help-circle


  • the number of Americans who own 401(K) investments, which benefit from better stock index performance, has increased significantly in recent years

    This is the same as saying lots of Americans have bank accounts. The accounts could be empty.

    the US cooled inflation down to that level far faster than other Western economies (e.g. the UK and Eurozone)

    The US did not experience the same economic effects as the UK. The UK performed Brexit which raised the cost of goods by definition, and had their price of fuel skyrocket due to the effects of the Russia-Ukraine war. The US is not dependent on Russian oil.

    wage growth has actually outpaced inflation in recent years

    EDIT: Wages with respect to productivity have been stagnant since 1970, but today’s average worker produces far more value for their employer. Employers are not sharing their increased profits with their workers, who are making roughly the same as workers from 1970. So yes, workers got a very slight real increase in pay, but are still vastly underpaid.

    The inflation rate measures the price change of a basket of household goods

    No, it doesn’t. That’s the consumer price index.

    employers are more willing to be generous with pay raises when the economy is good. In short, people credit increases in wages to their own hard work but blame inflation on the Government.

    No, increased wages are not because bosses decided to be nice. Corporate profits reached records during the pandemic, paying more reduces profits. Unions and displays of labor activism in the US have expanded significantly in the past few years. People are demanding higher wages from their employers. The entire purpose of the Federal Reserve is to combat inflation. Action by the government is the only way to control inflation.

    Economists are not stupid.

    That’s debatable, but some are certainly self-serving.

    Tell me how high interest rates benefits those who have to borrow money for school, medical expenses, a car, or a first home.














  • I’d say the scale of civilian death achieved through the deliberate targeting of civilians and civilian infrastructure is so extreme, it could not have been foreseen. It is a vastly disproportionate response.

    No, they knew, and counted on it to get support and to wreck any goodwill Israel had with their neighbours and the world.

    This is just wrong. The western powers have unwaveringly supported Israel from the beginning. Only just recently has the US decided to perhaps reduce the weapon shipments to Israel, after vast destruction and loss of life has already occurred.



  • Massacring and forcibly evicting an existing population to create an ethnostate, which then subjugates the previous inhabitants under an apartheid regime, is generally seen as a “not very nice” thing to do. To suggest that territorial disputes can only be resolved through war is unimaginative, ignorant, and flatly incorrect.

    Your question is unimportant because ethnostates and the forcible acquisition of territory are always fundamentally unjust.

    A civilian population is being brutalized right now. The killing must stop for there to be any reconciliation.