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Core PPI up 9.6% annualized (0.8% MoM) in May

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Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#21

Post by triceratops »

avaer wrote: post #15
triceratops wrote: post #8

Earlier quoted context omitted.

> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D

Since many people reading this probably don't know: voting is not the only, or even the original form of democracy. Representatives in ancient democracies were selected by sortition, which is based on statistics, not popularity or money.

The only way to peacefully change how representatives are selected is...voting.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#22

Post by win311fwg »

catigula wrote: post #13
win311fwg wrote: post #12

Earlier quoted context omitted.

> Voting doesn't work. It works fine to accomplish what it is intended to do: Pick a worker to hire. The problem is that many assume it ends there and the employee will magically go off and do great things. That is not how it works. If you've ever worked with employees before, you'll know full well that you have to regularly communicate with them to keep them on track. Even if the most stellar employee in the world t…

Incorrect. You can merely lie and spend money and get elected and then do the opposite. Rinse and repeat. See: John Fetterman. It doesn't work. It's fundamentally broken.

Their actions are recorded. You have full view if they are failing to do their job, and when they fail to do their job it is on you as their employer to bring the consequences. What did the people who hired John Fetterman do to stop his unacceptable behaviour? Nothing, right? That's the problem. Employees are not magical beings. They are simple, imperfect humans that need constant management. But there is this strange idea that voting is sufficient to act as the management layer. That is not how it works. Voting is only for selecting the employee you want to hire. You still have the be the employer after they are hired.

It is not fundamentally broken. The model proves to work perfectly fine in other contexts regularly. The trouble is that you, along with a lot of other people, are looking for magic so that you don't have to get your hands dirty. The harsh reality is that magic doesn't exist, I'm afraid.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#23

Post by catigula »

JumpCrisscross wrote: post #16
triceratops wrote: post #8

Earlier quoted context omitted.

> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D

> Disparaging democracy The ancient Athenians knew that elections favored the rich. That’s why they incorporated selection by lot into their system. Our modern understanding of democracy has fetishized elections to the point that some voters might see hundreds of them in a year, including for positions that shouldn’t ever be elected ( e.g. judges), while still having little to no actual civic power.

The "just vote" lot are the perfect pressure release valve for the failed system.

Out of control inflation? No healthcare? Endless war?

Just vote! You just have to vote for a democrat!

It's time to say no to these charlatans. If people lose hope in the system, that's when it can change.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#24

Post by hilariously »

phainopepla2 wrote: post #20
hilariously wrote: post #11

Earlier quoted context omitted.

Hm, which wars did the last president start? How many war crimes did he happen to do? How many times was he mentioned in the Epstein files? Yep, no difference detected here, unless you have eyes or a brain.

He allowed allowed the destruction of Gaza to start, and did nothing to stop it even when it was clear what was happening and it was within his power to do so. Of course, Trump would have been no better on that front. But that brings us back to... The lesser of two evils is still evil

So "there's no difference" becomes "any evil is the same" - that's not how this works.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#25

Post by boppo1 »

triceratops wrote: post #8
catigula wrote: post #5

Earlier quoted context omitted.

The problem runs deeper than the current administration. Voting doesn't work. The Biden administration isn't the antidote to our problems.

> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D

Nah, voting doesn't work because to become a candidate necessarily requires backroom dealing at odds with the interests of common voters.

We need sortition.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#26

Post by JumpCrisscross »

zeroonetwothree wrote: post #7
hilariously wrote: post #2

This is what you get when you elect a mad king. "I love the inflation" - Donald Trump.

[flagged]

> Didn't we have even higher inflation under the last president

“The index for final demand goods moved up 2.8 percent in May, the largest increase since data were first calculated in December 2009.”

Granted, that’s a slice of an index. But it promotes a pattern: we’re heading into a place similar to 2022. Then, because of money printing (at the time blamed on supply-chain disruptions). This time, because of money printing amidst an engineered supply-chain disruption.

The takeaway is we’ve had a string of shit-for-brain Presidents since Obama.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#27

Post by catigula »

sveme wrote: post #17
catigula wrote: post #10

Earlier quoted context omitted.

[flagged]

What's your suggested alternative? Would you say that American democracy is broken or democracy in general?

"Democracy" is a hugely wide category some variant of it is likely the preferred system of governance. Regardless, it's a weasel category. Many would argue that China is democratically reflecting the will of their people.

In fact, Von Mises famously argued in his seminal work Liberalism that all systems are democratic because they require the will of the people or are overthrown. A little silly of a reductio in my opinion, but it's emblematic.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#28

Post by triceratops »

catigula wrote: post #10
triceratops wrote: post #8

Earlier quoted context omitted.

> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D

[flagged]

> Being a toady for what isn't working makes you useful

It's great you aren't a "toady".

> this system is broken and needs to be disparaged

And then what?

You're either being paid to spread this doomslop or you're just a bored, contrarian cynic. I really really hope it's the second one.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#29

Post by elcritch »

zeroonetwothree wrote: post #7
hilariously wrote: post #2

This is what you get when you elect a mad king. "I love the inflation" - Donald Trump.

[flagged]

Not to mention the “largest transfer of wealth” [1] to the ultra rich during covid times.

1: https://resources.finalsite.net/images/v1746565358/d11org/oq...

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#30

Post by [deleted] »

triceratops wrote: post #19
JumpCrisscross wrote: post #16

Earlier quoted context omitted.

> Disparaging democracy The ancient Athenians knew that elections favored the rich. That’s why they incorporated selection by lot into their system. Our modern understanding of democracy has fetishized elections to the point that some voters might see hundreds of them in a year, including for positions that shouldn’t ever be elected ( e.g. judges), while still having little to no actual civic power.

How will you get selection by lot into the current system without violence? Voting.

[deleted]
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