this post was submitted on 11 Feb 2024
925 points (100.0% liked)
196
17133 readers
3137 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
Other rules
Behavior rules:
- No bigotry (transphobia, racism, etc…)
- No genocide denial
- No support for authoritarian behaviour (incl. Tankies)
- No namecalling
- Accounts from lemmygrad.ml, threads.net, or hexbear.net are held to higher standards
- Other things seen as cleary bad
Posting rules:
- No AI generated content (DALL-E etc…)
- No advertisements
- No gore / violence
- Mutual aid posts require verification from the mods first
NSFW: NSFW content is permitted but it must be tagged and have content warnings. Anything that doesn't adhere to this will be removed. Content warnings should be added like: [penis], [explicit description of sex]. Non-sexualized breasts of any gender are not considered inappropriate and therefore do not need to be blurred/tagged.
If you have any questions, feel free to contact us on our matrix channel or email.
Other 196's:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In school we learned that when the economy "booms" or is at its current high point, everyone, excluding very rich people, are doing worse. Most of humanity (like 95%) are better off when the economy is doing poorly, as goods tend to get cheaper. Just something I wanted to share.
They're cheaper because people are buying less.
People are buying less because they don't have the money to buy more.
They don't have the money because they're out of a job.
They're out of a job because the economy is in the toilet.
The super rich also love recessions. They still have money. If they want to acquire a company, they can do it for cheaper. The GCF of 2007-2009 is considered to be one of the largest wealth transfers and wealth consolidations in history.
"the economy" can be replaced with "rich pepole's yacht money"
"Rich people's yacht money is at an all time high!"
"trickle down economy" All the trash will magically trickle down from their yachts onto the beaches and onto our plates!