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Jobs are up, wages less so – and lower purchasing power could still lead the US into a recession
(theconversation.com)
You no give us money, we no spend.
this post was submitted on 05 Sep 2023
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Socialism
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I always feel like this really is a challenge for capitalists, because it engages two opposing aspects of their belief system. The economy must always be growing, which requires people to spend. However, they also believe that all the money must belong to them so they can hoard it (not spend it). These two facets of their belief system can never be reconciled, and must generate vast amounts of cognitive dissonance in their minds.
It's almost like unfettered capitalism hoovering all the money towards a couple dozen rich white guys is unsustainable or something.
