Not writing disingenuous feelgood bullshit, pretending that I work for some kind of greater good, while actually I'm pushing my own company, and trying to shift burden onto the "young digital natives". For a start.
He might have given up on the country at this point.
The war caused energy prices to go crazy, Europe needed gas and was willing to pay a premium, and the laws of supply and demand meant the price went up for everyone.
I used to live in a country where the government subsidized the price of oil (including petrol). When they needed to cut that subsidy, people knew the price of oil would go up, and that affected the price of everything else, my reasoning was because all the trucks transporting goods needed petrol, but it's probably because everything needs energy to accomplish..
It was utterly bizzare seeing the podcasters and media just gaslight everyone that disagreed with "US is doing great" narrative.
Does the media acknowledge that? The leading cable channel and broadcast TV stations are Republican-controlled, so now they pretend “US is doing great.”
Problem is, the inflation that already happened was still there. And that part is what people notice immediately.
But right now, a part of what is happening is that Trump has been blowing up parts of the economy with his tarrifs and erratic actions. The effect of that is still happening and likely will get worse.
Reality is fucking far away from averages and we know it. "The economy is doing great/terrible" is an almost worthless indicator unless the person you're talking about actually has business relations into every corner.
Yes, there are interdependencies, but they do not justify that we pretend numbers are so expensive we can only print two of them (mean, sd) at a time. Let's finally stop drinking information through a 2 mile straw and instead show high resolution 2d data at least.
[edit] this is of course not a criticism of parent or OP, it's a systemic problem that we all are guilty of.
At the same time - and I think you agree with this and it's probably implicit in your comment - we have to beware of anecdata as well. "Two of my friends asked me for money" means very little, except that your friend group is having a rough time. The meso-scale, your "high resolution 2d data", is where to look if you want a textured picture of what's really going on while at the same time avoiding observer bias. Unfortunately, that kind of data is not always easy to get, or to interpret.
Houses and stocks got cheaper per ounce of gold last 20 years. But in terms of dollars they got way more expensive... inflation has been robbing us for more than 2 decades.
We have a system designed to incentivize greed. Gross inequality is the result. Taxation is one viable method to deal with such a failure mode.
The UK doesn’t tax the wealthy or their corporations either. Meanwhile high earners like myself are kept from even middle class aspirations by aggressive income tax.
All signs point to that income tax, specifically at my bracket, increasing in the next budget, leaving me ostensibly poorer than people earning less than me.
The whole system is broken because they refuse to tax the wealthy at an equivalent rate to the working class.
Your victims are "greedy" and deserve it!
Free market Capitalism is dead in the USA, winners are getting picked. Coal over solar. Who knows, perhaps it's right, but I suspect not.
With the job market being the shittiest I've seen and more ladders being kicked out than ever I think this crash will end up being possibly one of the most violent ones. We might see a return to the early 1900s era of union vs corporate violence as corporations have gotten more brazen than ever to try and stop any sort of concerted effort by labor.
OuterVale•2h ago
GoFundMe CEO: We Could Use A Few Fun Ones https://www.youtube.com/watch?v=tIsXEkR5OVs