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American capitalism has taken an apocalyptic turn

economist.com

11–20 of 360 posts

Re: American capitalism has taken an apocalyptic turn

#11
post #7
post #6

"much of wall street is in a fatalistic mood" yeah the SPY is going vertical, sure sure.

Yeah, this article does not seem evidence backed to me. There is a ton of optimism now.

Isnt Economist , like, a super prestigious publication? Why would they let something flimsy seep thru?

Re: American capitalism has taken an apocalyptic turn

#15
post #7

Earlier quoted context omitted.

Yeah, this article does not seem evidence backed to me. There is a ton of optimism now.

Isnt Economist , like, a super prestigious publication? Why would they let something flimsy seep thru?

I know someone who has called it “The Ecommunist” for 20 years, so not everybody has the opinion that is is prestigious, but some see it as elitist.

Re: American capitalism has taken an apocalyptic turn

#16

I would say with inflation, wealth inequality and skyrocketing housing, gas and grocery prices as well as super high amounts of consumer debt and families stretching to keep up it feels a lot like pre-bust 2005/2006 economy out there right now. We might not be on the cusp of a subprime mortgage bank crisis but it does feel ominous lately.

[flagged]

Re: American capitalism has taken an apocalyptic turn

#18
post #2

https://archive.is/q1GxG

Isn't there a better alternative to this archive site?

What's wrong with it? It shows the article, with a little banner on top, showing when it was captured. Doesn't mess with scrolling, what's not to like?

Re: American capitalism has taken an apocalyptic turn

#19

Is there any graceful way to let the pressure out of the system and begin rebuilding trust and stability or is the only way out to immanentize the eschaton?

Legislation and court rulings have shown that shareholders get everything they want, ever. They want Southwest to stop checking 2 free bags? It happens. Etc. Ad Nauseum.

Somehow, we need legislation that says companies are beholden first to their employees, then to their customers, THEN to shareholders. I don't know how to do that. Co-ops are the only real answer maybe?

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