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Post by herzlos on May 4, 2023 14:26:26 GMT -5
I have to admit that even though I'm not that old, I'm sick of once in a lifetime events.
It does seem that capitalism fails miserably every 10 or so years, so we're probably overdue another recession. How bad do we think it's going to be this time, because I've only just got over the last one?
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Post by easye on May 4, 2023 16:54:36 GMT -5
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Post by easye on May 5, 2023 10:34:18 GMT -5
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Post by herzlos on May 6, 2023 3:57:44 GMT -5
Is that a real improvement, or just statistics pretending to look good?
Like, unemployment is now just better 3.4% than right before covid (3.5% in Feb 2020), so is that just because there are less people? Or is it genuinely more jobs? Are these actual full time jobs or service workers taking on a 3rd job to pay their rent?
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Post by easye on May 7, 2023 14:36:37 GMT -5
I think a deeper look shows more people are actively in the job market than previously.
Regarding under-employment, these metrics have NEVER been good and gleaning that information.
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Post by easye on May 12, 2023 10:33:56 GMT -5
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Post by maddocgrotsnik on May 16, 2023 16:41:05 GMT -5
Well, I got some good news today. Annual Payrise is 6%. Which if I’m honest is more than we were expecting.
It doesn’t quite keep up with inflation, but it is equal to the last four years payrises combined. And the old age of 42, 43 in just over a fortnight, this is the first time I’ve had a non-change of job or promotion payrise where the effect is going to be genuinely noticeable going forward.
Props to the new High Heedyin.
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skyth
OT Cowboy
Posts: 487
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Post by skyth on May 16, 2023 19:13:01 GMT -5
43 in just over a fortnight, A little off topic, but apparently our birthdays are close. Mine is in a fortnight. |
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Post by maddocgrotsnik on May 16, 2023 19:28:34 GMT -5
31 May?
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skyth
OT Cowboy
Posts: 487
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Post by skyth on May 16, 2023 19:31:32 GMT -5
30th.
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Post by adurot on May 17, 2023 1:33:36 GMT -5
Damn kids and their Fortnite…
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Post by Haighus on May 17, 2023 4:40:22 GMT -5
We know from history how to stop this boom-and-bust cycle. Yet too many people must benefit from it, so we let it continue. Do we? My understanding is that we know how to smooth the peaks and troughs through Keynesian economics (and we are not even properly doing that much), but boom and bust is inherent to capitalism and cannot be fully stopped whilst capitalism is the dominant economic system. Given capitalisms other increasingly apparent issues (like its complete inability to meaningfully tackle climate change), I think even the housetrained capitalism of Keynesian economics is not going to be enough. |
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Post by herzlos on May 17, 2023 4:54:04 GMT -5
You said it yourself there - Capitalism is the problem, so getting rid of capitalism will fix it.
It's a shame so many people who'd benefit from Socialism (i.e. pretty much everyone except the capitalists) have been convinced that Socialism is bad (by the capitalists).
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Post by Haighus on May 17, 2023 6:08:32 GMT -5
You said it yourself there - Capitalism is the problem, so getting rid of capitalism will fix it. It's a shame so many people who'd benefit from Socialism (i.e. pretty much everyone except the capitalists) have been convinced that Socialism is bad (by the capitalists). True, although I don't think a great form of socialism is readily available to tackle the issues of the 21st century. The 20th century forms are outdated. Society is clearly needing a radical alternative, but the shape of it is much more murky. |
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Post by herzlos on May 17, 2023 10:44:06 GMT -5
It's definitely not perfect and I don't know what a perfect system would be, but it certainly can't be worse than this unchecked capitalism.
Though I wonder what'll happen regarding capitalism when the 98% can't actually afford to buy anything. Does it collapse or do we end up with something like Tank Girl, where the poor are essentially launched back to stone age hunter-gatherers whilst the rich have fortresses?
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