Not saying that makes it any better or we shouldn’t still be talking about it.
I wonder whether this ends with guillotines or wave after wave of killbots putting down us peasants.
[removed]
There appears to be something similar to the cosmological constant for economics. I used to think it was compound interest but its faster than that.
It’s not a cost of living crisis, it’s a transfer of wealth crisis
Every crash is another consolidaton of assets at the top. The system is working as intended.
Everyone go to the bank on Monday and apply for a loan for Guillotine parts. We won’t all get it. But they might get the message . 😋
It’s not a bug, but a core feature of capitalism. Nothing will fundamentally change as long as our society is run by the wealthy and our economy is built on private capital accumulation.
it’s resource extraction. different time, same old story.
It’s crazy on more money than ever. Nothing has really changed but the bills have got higher, had more disposable income on a shit job 10 years ago…. Still getting by ok thank fuck but jesus it’s tough
That is why we are ALL working class
Need an international workers union. Down tools for a week.
No purchasing. No production. Just utter stagnation.
I don’t understand how global wealth has doubled since 2000. Where did this 200 trillion appear from?
the god of inflation slowly tightening her grasp. when the numbers in pay cheques and bank accounts increase, people are deluded into the fantasy that they are better off.
even when their direct experience of “earning more than ever but no disposable income” is right in front of the faces.
That’s been happening for atleast 15 years it has to come to a head at some stage
Wealth is definitely concentrating at the moment, and it’s a global issue – you’re really seeing the aggressive dismantling of what had evolved after WWII as regulated capitalism with a strongly social democratic base in most western countries. Even the US, which never quite embraced that model, had a lot of it. There’s a bit of an imagination over there that they never had any socially focused systems, they were just full of gaps, but they exist and there’ll be dire problems when they’re demolished.
Eventually you’ll see a push back again – I don’t really see people tolerating declining standard of living indefinitely.
Ireland’s not really deliberately trying concentrate wealth or dismantle welfare, but rather (and a bit like Canada, Australia and several others) an out of control housing market is milking the middle classes dry and causing serious poverty issues on the lower ends of the income spectrum by pricing people out of having a roof over their heads or putting them into long term huge rental prices.
I don’t even understand how the ‘generation rent’ of which there’s a growing % of people are ever going to be able to afford to pay rent in their retirement. If you’re in your 40s now and renting, you’ve 20-25 working years left before you’re potentially facing an income drop and then what?
At some point this stuff will come to a political head – not everywhere’s the US or the UK with a two party system that can just be unresponsive. Politically this isn’t sustainable in the medium term never mind the long term – and I could see quite a strong pushback happening in a lot of European countries at least. It needs to find sane and pragmatic outlets offering real solutions to these economic issues though.
Ireland and most of Europe is not really politically comparable to the US, despite the commentary and Trump is a rather horrendous example of how a rigid two party system reacted to this – they fought the establishment by electing an oligarch promising magic beans. I think the political fallout of Trump’s era in the US could be a lot more complex than some of the commentary at the moment suggests as you’re going to get a lot of anger from people who voted for him on economic promises that were just lies. I don’t think that mess over there is going to end well tbh – and it has a few more years to play out.
Average homeowner has 300K in wealth, average renter has 5K. Difference is 60 X
Neoliberalism doing its thing
Most people think they are in the middle class and keep voting for the same politicians because they believe they are only one step away from joining the elite.
The elite care just as less about the middle class as they do the lower class.
We know. But the solution is unthinkable to anyone in a position to solve this. (Breaking up oligopolies and having substantial redistribution of wealth, total paradigm shift)
The pendulum needs to swing back for the sake of civilisation
Interesting that the tag was changed from politics to economy,
This is much bigger than that.
And all the time they are telling you immigration not billionaires is the problem…
Welcome to late stage capitalism! Only people like Luigi Mangione can wake the population up.
Got shot down for asking for a pay rise recently. We must wait for pay talks which happen every April in my workplace.
Asked can I work more remote than my current situation of 3 office days due to family arrangements and commuting time ( 1 hour 40 each way ) and that was also shut down.
25 comments
This is a worldwide phenomenon at the moment.
Not saying that makes it any better or we shouldn’t still be talking about it.
I wonder whether this ends with guillotines or wave after wave of killbots putting down us peasants.
[removed]
There appears to be something similar to the cosmological constant for economics. I used to think it was compound interest but its faster than that.
It’s not a cost of living crisis, it’s a transfer of wealth crisis
Every crash is another consolidaton of assets at the top. The system is working as intended.
Everyone go to the bank on Monday and apply for a loan for Guillotine parts. We won’t all get it. But they might get the message . 😋
It’s not a bug, but a core feature of capitalism. Nothing will fundamentally change as long as our society is run by the wealthy and our economy is built on private capital accumulation.
it’s resource extraction. different time, same old story.
It’s crazy on more money than ever. Nothing has really changed but the bills have got higher, had more disposable income on a shit job 10 years ago…. Still getting by ok thank fuck but jesus it’s tough
That is why we are ALL working class
Need an international workers union. Down tools for a week.
No purchasing. No production. Just utter stagnation.
I don’t understand how global wealth has doubled since 2000. Where did this 200 trillion appear from?
the god of inflation slowly tightening her grasp. when the numbers in pay cheques and bank accounts increase, people are deluded into the fantasy that they are better off.
even when their direct experience of “earning more than ever but no disposable income” is right in front of the faces.
That’s been happening for atleast 15 years it has to come to a head at some stage
Wealth is definitely concentrating at the moment, and it’s a global issue – you’re really seeing the aggressive dismantling of what had evolved after WWII as regulated capitalism with a strongly social democratic base in most western countries. Even the US, which never quite embraced that model, had a lot of it. There’s a bit of an imagination over there that they never had any socially focused systems, they were just full of gaps, but they exist and there’ll be dire problems when they’re demolished.
Eventually you’ll see a push back again – I don’t really see people tolerating declining standard of living indefinitely.
Ireland’s not really deliberately trying concentrate wealth or dismantle welfare, but rather (and a bit like Canada, Australia and several others) an out of control housing market is milking the middle classes dry and causing serious poverty issues on the lower ends of the income spectrum by pricing people out of having a roof over their heads or putting them into long term huge rental prices.
I don’t even understand how the ‘generation rent’ of which there’s a growing % of people are ever going to be able to afford to pay rent in their retirement. If you’re in your 40s now and renting, you’ve 20-25 working years left before you’re potentially facing an income drop and then what?
At some point this stuff will come to a political head – not everywhere’s the US or the UK with a two party system that can just be unresponsive. Politically this isn’t sustainable in the medium term never mind the long term – and I could see quite a strong pushback happening in a lot of European countries at least. It needs to find sane and pragmatic outlets offering real solutions to these economic issues though.
Ireland and most of Europe is not really politically comparable to the US, despite the commentary and Trump is a rather horrendous example of how a rigid two party system reacted to this – they fought the establishment by electing an oligarch promising magic beans. I think the political fallout of Trump’s era in the US could be a lot more complex than some of the commentary at the moment suggests as you’re going to get a lot of anger from people who voted for him on economic promises that were just lies. I don’t think that mess over there is going to end well tbh – and it has a few more years to play out.
Average homeowner has 300K in wealth, average renter has 5K. Difference is 60 X
Neoliberalism doing its thing
Most people think they are in the middle class and keep voting for the same politicians because they believe they are only one step away from joining the elite.
The elite care just as less about the middle class as they do the lower class.
We know. But the solution is unthinkable to anyone in a position to solve this. (Breaking up oligopolies and having substantial redistribution of wealth, total paradigm shift)
The pendulum needs to swing back for the sake of civilisation
Interesting that the tag was changed from politics to economy,
This is much bigger than that.
And all the time they are telling you immigration not billionaires is the problem…
Welcome to late stage capitalism! Only people like Luigi Mangione can wake the population up.
Got shot down for asking for a pay rise recently. We must wait for pay talks which happen every April in my workplace.
Asked can I work more remote than my current situation of 3 office days due to family arrangements and commuting time ( 1 hour 40 each way ) and that was also shut down.
The middle are being treated like dirt.
Comments are closed.