this post was submitted on 09 Mar 2024
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[–] QuarterSwede@lemmy.world 12 points 7 months ago (1 children)

I don’t think they’re blaming it on consumers. And they aren’t wrong either. The power of the dollar is far less than it was even in the Great Depression. Thanks late stage capitalism!

[–] MotoAsh@lemmy.world 6 points 7 months ago (1 children)

The reason why wealth inequality has skyrocketed has less than nothing to do with the buying power of a single dollar. It's completely missing the cause.

[–] QuarterSwede@lemmy.world 1 points 7 months ago (1 children)

I don’t think anyone is actually talking about the cause. Doesn’t make their point any less valid.

[–] MotoAsh@lemmy.world 0 points 7 months ago

It kinda' does make it less valid when using it first is an implication away from the root cause.

We should not glorify red herring thought patterns.