Greedflation is the latest buzzword to be invented by anti-capitalists. It means higher prices result in insanely higher profit, or in other words profiteering. Economist Warns That Capitalism May Be Ending (msn.com) Well, the only fix for that is anti-market, so there's no fix at all. Go join a homeless encampment--you're done-- and hope your children can claw themselves out of poverty when it comes time for them to start working, from all the social programs Democrats will implement to counteract the out-of-control price increases. Don't even think about going to a Republican red state. Their social programs are as thin as water. And certainly not a place to become successful in the new economic climate.
So the Left has actually coined a new word. That's because there are many wacky people on the Left who refuse to want to put the blame for inflation on the Biden Administration, overspending, or the Federal Reserve printing so much money. So they're putting the blame on "big corporations" (the usual scapegoat, how unsurprising). I guess inflation has to be pretty bad if the Left needs to look for someone to blame it on, huh? Just a year ago they were in denial that inflation was even happening, or claimed it was only temporary due to "supply chain disruptions". I'll say one thing. If those big corporations could have raised their prices before, they would have already done so. So please explain how this could possibly be due to "greed".
More likely economists are warning that they foresee a big recession around the corner. probably caused by the Fed keeping interest rates too low for too long, overstimulating and overleveraging the economy, and then government overspending did not help, combined with inflation, and then other countries around the world beginning to dump the U.S. dollar. government overspending contributed to the build-up of an unsustainable bubble in the economy. If you read up on Keynesian economics, it recommends that government only overspend during the bad times, and cut spending during the better times. But the Left doesn't care about real Keynesian economics, just likes using it as an excuse to overspend. Like an immature child who feels compelled to grab all the cookies out of the cookie jar at once.
The younger generation is going to be the ones suffering the most for the decisions of the older generation. It's almost not even surprising the majority of the younger generation these days are Socialist-leaning. They've been screwed over. The older generation didn't care and just wanted everything now, didn't care that the next generation was going to have to deal with the economic consequences.
Well, you know, sometimes capitalism doesn't continue to keep working too well in the presence of excessive competition from other poor cheap countries and unfettered immigration. If you look at one of the things that's been hurting Americans the most, it's rising costs of housing in many areas, especially the more desirable areas or areas where better job opportunities are to be found. This is caused by overcrowding. But also take a look at how deindustrialization has resulted in the elimination of many good-paying working class jobs, as well as higher level engineering and management positions. That's kind of hollowed out the middle class, with only a few types of good paying jobs left in the service sector. Then there's the "tech" industry, but that's only a very small percentage of jobs in the total economy - and more than half of those jobs are just computer programming.
People need help from time to time and welfare is as necessary as health insurance, but both are thin in red states.
Albert Edwards is correct, and I’m a bit surprised this would be published in the capitalist press! There is a very powerful bit of evidence that the right prefers to deny, and it is that if you project the “ideal” growth of capitalist business, profits, sales, etc. (2.5 to 3 percent per year) over 200 years, at the end you get a chart line that goes straight up, and that is not sustainable. And that is where we are today.
You’ve repeated that twice on this one page, but you haven’t supported it with anything. So here is some evidence that you have it backward. https://appliedsentience.com/2020/07/30/economics-are-red-or-blue-states-better/ The only studies that show otherwise are right wing studies favoring right wing values, like the ALEC-Laffer Index which calls lower state minimum wages “better”.
Yeah, I guess you’re right. It favors a humanist world view instead of an authoritarian capitalist view that values poverty. Paywall. Requires a subscription. So I can’t expose it’s RW lies. Try refuting the tables in my link instead of just throwing stones at it.
. And yet it comes from the authoritarian left. "Humanist" translates to exactly that - put power and control in the hands of a few "altruistic" and "well meaning" individuals whose function is governing the lives of the others. . LOL. Tables mean nothing with out context. And we all know "lies, damn lies, and statistics" style of argument. I looked at your link and read a few paragraphs, and saw nothing that disputed my comment. Oh, and your study is from July of 2020 - hardly pertinent to 2023, and a discussion of how the country is recovering from a Pandemic that had barely begun when it was published.
There is no “authoritarian left”. That is a contradiction in terms. The left, as you know, is pro-people. The right is, as you also know, pro-business, pro-corporate, pro-profit, and authoritarian against the people because the people don’t support being oppressed and exploited. Regarding tables and context, I’ll give you some context: The red states have been doing so badly for so long as they live off the tax subsidies provided by the taxation of blue states, that they had a much longer way to go to reach parity. So naturally they show “great” growth when they finally do grow. But they still have a long way to go.
Actually liberal and authoritarian WOULD be a contradiction. The left have repeatedly demonstrate authoritarian tenacities. Wrong on both counts. Totally backwards. If the blue states are so wonderful why are they losing population? Slogans, and propaganda. Those states were economic centers long before today's authoritarian lefties took over; and buy the way many businesses and people are now bailing out from them. Try this link
Your hopeful story of population changes isn’t as simple as you think. It’s a mixed bag. https://www.pewtrusts.org/en/resear...stimates-show-population-decline-in-16-states
It means very little to a billionaire if the price of gas increases by two hundred percent in a few years..... but it can put a middle income family into a position where they may need to sell their home and move to an area where real estate prices are lower.
