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Oh get the fuck out with that. Not writing disingenuous feelgood bullshit, pretending that I work for some kind of greater good, while actually I'm pushing my own company, and trying to shift burden onto the "young digital natives". For a start.
I don't know about the United States of America, but in my country it's very common to do volunteer work.
At the same time millionairs and billionairs are doing just great.
Buying gold and silver to get through the inevitable stock bubble pop is out of reach for normal people with normal wages and savings. Houses and stocks got cheaper per ounce of gold last 20 years. But in terms of dollars they got way more expensive... inflation has been robbing us for more than 2 decades.
The issue is, things that are tied to debt will go up first: housing, cars, etc. Stock inflation occurs because inflation forces people to speculate to stay ahead of the inflation rate.
To fix inflation when using a debt based currency, you’d need high interest rates (a high price of money), or you’d need the government to pay off debt which takes money out of circulation. Neither of these will happen as the politicians in power would cause serious short term pain. They all have an incentive to kick the can and hope the next guy is in power when it all falls apart.
What we are seeing now is the result of the price of money having been lower than the inflation rate for over 20 years. Effectively free money. This subtly skews the perception of risk, and therefore increases dollar velocity and drives inflation even higher.
Capitalism
Still better than the alternatives
A smarter approach is to cherry pick the best elements from every model and redesign the parts that don't serve us
Not everything should be for profit, if you don't value society and collective welfare, it's meaningless:
https://www.theguardian.com/commentisfree/article/2024/aug/2...
You'll be forced to rethink that model anyway once post-scarcity hits
Abundance breaks capitalism, profit cannot thrive when there's plenty for everyone
Capitalism is a dead end, don't get too attached to it, it served us well, time to move on
CNBC told me the economy is doing great. My neighbor is borrowing money from me. My friend is borrowing money from me. GoFundMe is becoming more for basic needs. Everything is becoming more expensive often for no reason. According to every metric BUT stonks, the economy is holding on by a thread.
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Immigration isn't the issue. Population growth is actually down compared to historical levels. Immigration numbers (and births) are lower than they have ever been and housing costs are higher than they have ever been. https://www.stlouisfed.org/on-the-economy/2021/january/us-po...
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> Everything is becoming more expensive often for no reason. - For food, this was caused by supply shocks. First COVID, then Ukraine, now tariffs and the trade war. And on top of that, excessive price-setting power in some highly concentrated sectors of the food industry. - For housing, this was caused by a supply shortage, i.e. bad housing policy. A housing shortage gives property owners price-setting power, which a…
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Doing Capitalism better means preventing market failures and accepting more state intervention... which i suppose the trump / republican government is doing. Free market Capitalism is dead in the USA, winners are getting picked. Coal over solar. Who knows, perhaps it's right, but I suspect not.
In all seriousness, and I'm sure I'm going to get a lot of flak for this, but at this point the Chinese do capitalism better than the US: - Lots of small and mid-sized firms. - Lots of cutthroat competition with resulting price pressure. - Virtually all firms are subsidized by direct government investment to some extent, but the government doesn't pick winners. - Red tape and barriers to entry are generally low, regu…
And it's not some law of reality or the goodness of the CCP or some raced based bullshit that underpins is. The US was like this too, 75yr ago.
But for several generations we've been throwing more power behind both public and private institutions that reduce the tempo of economic activity and it sure fucking shows.
“The GoFundMe CEO hopes younger donors, who are often more values-driven, digitally native, and community-oriented, will push giving higher and faster.” I can’t believe it. THIS is what he hopes for ? He is not stating he hopes his country can get out of this mess? Or researching what his company can do? He’s just looking after his cut.
What have you done yourself here about it? For myself, nothing.
One would think that in 2025, in one of the wealthiest countries on Earth, we could at least solve food insecurity.
There is a method for dealing with widespread inequality coinciding with generational wealth transfer, it’s called taxation. Tax transfers of wealth. It’s not complicated and doesn’t rely on the goodwill of ‘values-driven, digitally native, and community oriented’ young people. We have a system designed to incentivize greed. Gross inequality is the result. Taxation is one viable method to deal with such a failure mod…
“The GoFundMe CEO hopes younger donors, who are often more values-driven, digitally native, and community-oriented, will push giving higher and faster.” I can’t believe it. THIS is what he hopes for ? He is not stating he hopes his country can get out of this mess? Or researching what his company can do? He’s just looking after his cut.
He already did that back in 2021: https://eu.usatoday.com/story/opinion/voices/2021/02/11/gofu... He might have given up on the country at this point.