this post was submitted on 28 Jul 2024
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Housing Bubble 2: Return of the Ugly
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Who cares, let population decline for a generation or so. Maybe we will stop producing so much shit and scale back
But that's bad for the Big GDP Number
Not necessarily - less people means lower unemployment resulting in higher wages to attract people to your organization (income is directly linked to GDP). Phillips curve relationship.
Its a bitch for inflation though.
https://media.tenor.com/5F5B6IgfYWAAAAAM/game-of.gif
How do I embed the gif?
Oh no, not the economy!
Anyways...
The Economy is kinda important, especially when the big Economy Computer starts telling everyone that a downturn in Brawndo sales means they're all homeless.
Big Economy Computer? I didn't know USSA already have built communism.
https://en.wikipedia.org/wiki/The_People's_Republic_of_Walmart
With the size and scope of modern American mega-corps, we're closer to it than you'd think. Hayek's economic calculation problem is functionally solved.
Yeah but the GDP per capita will skyrocket.
Transforming America into Monaco.
Would that be the worst thing in the world? Probably not
that's not how capitalism works. if you're not selling enough shit you find a way to make the same people buy more or pay more. line must go up. no scaling back. line must go up.
But, now hear me out...what if it doesn't..
I don't understand... Are you saying, line go down? I've never heard of such a thing
You've never seen my bank account ....
hahaha... haha... ok now that we laughed at that ridiculously absurd idea, let's watch the line go up.
If line stays flat? Things kinda gradually get shittier for a while.
If line goes down? Economic collapse. Riots in the street. Civil anarchy. Homelessness and crime will skyrocket.
Those of you who have never taken an economics class think this is satire.
The problem is when corporate profits go up but wages stay flat or go down. Or when wages go up for some but not for others.