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American capitalism has taken an apocalyptic turn

economist.com

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Re: American capitalism has taken an apocalyptic turn

#271

Post by Akasazh »

sarchertech wrote: post #88
IndeanCondor wrote: post #69

Earlier quoted context omitted.

It was a coalition of monarchies, so terrified of the prospect of even a single popular republic rejecting the divine right to rule, that began the bloodshed and invaded France. Blaming the Revolution for the Coalition wars is just bad history. In case you didn't notice, the Revolution won. All contemporary republics fundamentally inherit from the French Revolution - you're surprised that the systems of govt honour a…

> In case you didn't notice, the Revolution won. All contemporary republics fundamentally inherit from the French Revolution “Fundamentally inherent from” is such a broad statement that it’s difficult to argue with, but the US constitution predates the French Revolution. > so terrified of the prospect of even a single popular republic rejecting the divine right to rule If the monarchies of Europe were so terrified of…

He said inherit, not inherent

Re: American capitalism has taken an apocalyptic turn

#272

Post by Obscurity4340 »

VonGuard wrote: post #31
janderson215 wrote: post #15

Earlier quoted context omitted.

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.

Calling the Economist anything resembling "leftist" is emblematic of the psychosis in the system. The Economist is what the Wall Street Journal was before Murdoch bought it: Focused on encouraging long term thinking, gains, and wisdom, while reporting on the short term trends. The Economist is the absolute embodiment of the old man and the kid joke from the Sopranos: The investor: "Hey dad, let's run down this hill a…

This was and is my understanding

Re: American capitalism has taken an apocalyptic turn

#273

Post by derangedHorse »

crossbody wrote: post #171
srean wrote: post #149

Earlier quoted context omitted.

That's money and not wealth and its a flow not stock and denominated in something that can depreciate, has it even been priced correctly ? I grant you that it is very hard to measure ownership of (wealth generating) assets, hidden behind legal obfuscations. Lorenz curve [0], GEI [1], Gini index of owned wealth generating assets would be the right thing to measure to see how understand one's share of the pie. But an e…

My bad, wrong chart (it's in real terms though) Here is net wealth increasing for all, let's celebrate: https://commons.wikimedia.org/wiki/File:1962-_Net_personal_w... My point is that the pie is growing and all are benefitting. Yes, rich may be getting more but not at the expense of poorer people as their wealth is increasing too. It's rather unfortunate but it seems that the pies grows fastest (and poor benefit fro…

Is that inflation adjusted? Also, even if it is, some consider the CPI to be a faulty measuring stick. I, for one, disagree with the weighing of certain categories factored into the CPI.

Re: American capitalism has taken an apocalyptic turn

#274

Post by wesselbindt »

mieses wrote: post #270
wesselbindt wrote: post #190

Earlier quoted context omitted.

> Well, because obviously the finish line of the space race was the Moon. So, this choice is not super obvious to me. If it was called the moon race or whatever, I'd get it. But in this case it just feels like making up rules after the fact to make sure you "win". EDIT: I just realized you might be saying this sarcastically. I'm really bad at picking up on that sort of stuff, and apologize if that's the case.

it got silly when you wrote "first woman"

Why?

Re: American capitalism has taken an apocalyptic turn

#275

Post by illiac786 »

WalterBright wrote: post #265
illiac786 wrote: post #159

Earlier quoted context omitted.

Money is being created. Land and other resources are not, hence they end up being concentrated in the hands of the super rich.

> Land and other resources are not Actually, they are being created. For example, people create more land in cities by building towers.

Nothing, compared to the pace at which wealth is being concentrated into the hands of a few.

Re: American capitalism has taken an apocalyptic turn

#276

Post by ted_bunny »

ai_fry_ur_brain wrote: post #70
Frieren wrote: post #60

Fascism needs existential threats. Nobody in their sane mind will accept their hateful ideology if they were not desperate, and in panic. > A millenarian economy is necessarily a paranoid one. The economy does not need to be paranoid, it becomes paranoid with inequality increases the stakes on everything, when you can be obscenely rich or depressingly poor and there is no in between. That makes reasonable people para…

[flagged]

It's not an insect to be squashed once, it's a social retrovirus. There is no un-herpe-ing this one. It will require vigilance even after it's done.

Re: American capitalism has taken an apocalyptic turn

#277

Post by ted_bunny »

krackers wrote: post #214
matrix87 wrote: post #25

I'm kind of confused. It's not clear to me how or why the line keeps going up. People are spending less because of economic insecurity, everything is more expensive because of tariffs and war, interest rates have been high for four years. The general cultural mood feels unsustainable. Like the peak-woke period around 2022 before the pendulum swung really hard in the opposite direction. I don't know if there's a word…

>It's not clear to me how or why the line keeps going up Because people believe it will go up, it's a prediction market for attention. The stock market seems to have decoupled from underlying "real value" of a company and is closer to cryptocoins now. Of course the flipside is that you also have the same volatility of cryptocoins.

Just wait until TPTB crash the dollar on purpose to try to make their crypto stronger.

Re: American capitalism has taken an apocalyptic turn

#279

Post by phs318u »

xp84 wrote: post #187
iancmceachern wrote: post #152

Earlier quoted context omitted.

But our bridges and infrastructure are crumbling

[flagged]

What a cheap shot. “gender reassignment surgeries for prisoners” - cos there are soooo many of those happening we can’t fix a single bridge.

How about another explanation. Your government is totally opposed to helping citizens for “free” (let’s ignore that most government revenue comes from good ol’ taxpayers) when the alternative is to farm out the provision of expensive services to lobbying corporates.

They’re more than happy to punish people however. For free _and_ for corporate profit.

Re: American capitalism has taken an apocalyptic turn

#280

Post by Dibby053 »

wesselbindt wrote: post #190
Dibby053 wrote: post #181

Earlier quoted context omitted.

Well, because obviously the finish line of the space race was the Moon. Had the Soviets declared the line on the "first woman in space", now we probably would use Soviet GPS, we would use Soviet maps of planet surfaces, we would have Soviet Mars rovers, Soviet Voyager... You get the idea.

> Well, because obviously the finish line of the space race was the Moon. So, this choice is not super obvious to me. If it was called the moon race or whatever, I'd get it. But in this case it just feels like making up rules after the fact to make sure you "win". EDIT: I just realized you might be saying this sarcastically. I'm really bad at picking up on that sort of stuff, and apologize if that's the case.

My point is that the "space race" didn't really have a finish line, and despite early Soviet successes, the Americans ultimately took the lead. Because they sustained that momentum continuing to explore deep space, putting people on the Moon, and achieving all kinds of successes while the Soviets stalled and scrapped their programs, it's commonly understood (in the West, anyway, as Moon landing denialism is surprisingly rampant elsewhere) that the Americans won the race.

No need to apologize. In any case, I should apologize for hiding my point behind sarcasm.

/s

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