- cross-posted to:
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- cross-posted to:
- [email protected]
cross-posted from: https://lemmy.world/post/23707642
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It’s going exactly as planned. Beating communism was about making this possible.
My parents never made a lot of money, but they did great with what they had and are now living the sweet retired life. Im doing fairly well myself, but still need to be pretty careful about things. Every time I bring up things being tough, I get a response of “we only used to make…” And they just don’t get how that translates to today
Start having an inflation calculator handy when they try that shit. Like “oh, I only made 25k in 1980, you’re doing so good at 50k in 2106” (actual conversation with my mother), nevermind that she made basically 75k adjusted for inflation.
I’d like to say it shut her up once I started showing her how her raw numbers were bullshit at every step, but she found more things to argue about until she had to change the subject. But it at least made her shut up about it for a while though.
Obligatory: https://wtfhappenedin1971.com/
That’s a lot of graphs, but do any of them answer the question? Or just beg the asking?
Very roughly, you had liberalism until that crashed in the 1930 with the Great Depression.
Capitalism was rebooted with social liberalism to include welfare, education, healthcare. In the seventies that ran aground in stagflation. Rich people didn’t like investing anymore as the profits weren’t big enough to their liking with all that welfare. Then came the oil crisis and that killed it completely.
The system was rebooted again with a tweaked form of liberalism, so that’s now neoliberalism. It repeats all the mistakes of that past, slowly salami slices welfare and healthcare away, chips away at all the safeguards and then crashes again in 2008 with financial crisis.
After that, the system was basically resuscitated, pumped full of money to keep it going and now we see how long it lasts before something really bad happens. Welfare, education and healthcare are turning into dust for most people so something going to give.
I didn’t see it in a quick scroll through on that page, but I’d assume the answer has something to do with this.
I believe it’s referring to the end of the gold standard for the dollar, as a way to sell bitcoin.
https://singlelunch.com/2023/09/13/the-bad-economics-of-wtfhappenedin1971/
I don’t agree with the entire analysis in that post, but definitely agree with the general “wtfhappenedin1971 trying to scam you” vibe.
could be coincidence, but Biden started on a county council in 1970, and first got elected to the US senate in 1972.
I suspect a lot of the, uh “old guard” entered politics around the same time.
Lol yeah dude, this is all Joe Biden’s fault, and it goes back to his very first job in politics on… checks notes… *County fucking Council."
Who said brain rot is an exclusively conservative trait?
The stat he’s missing that answers the question is what happened to per capita GDP (14.6x)? Gains there went somewhere, and it sure as shit isn’t in the median household.
The only thing that has gotten cheaper is electronics, everything else has gotten more expensive and of worse build quality.
everything else has gotten… of worse build quality
(It even applies to a lot of electronics chassis too, to be honest. Most devices aren’t machined-aluminum flagship laptops or whatever.)
I hope that’s his real name
The car’s alright, because it disincentives car culture just that little bit (even if it hasn’t led to good public transit in most of the US), and because they’re about a billion times safer.
Everything else is bullshit though.
But then I remember that car now means light truck in the US.
Set it all on fire.
The car’s alright, because it disincentives car culture just that little bit (even if it hasn’t led to good public transit in most of the US)
Not much of a disincentive if the alternatives aren’t available. Just fleecing people who have no choice.
The car’s alright, because it disincentives car culture just that little bit (even if it hasn’t led to good public transit in most of the US), and because they’re about a billion times safer.
even in the best-transit-places, the transit here sucks.
