50
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 Aug 2023
50 points (100.0% liked)
News
23296 readers
1297 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
We're supposed to get excited for things getting worse more slowly?
... Alright, I guess I'll take it.
Your instinct is correct, don't dismiss it. The Fed's goal with interest rates was to reduce the crisis of increased employee leverage by pushing corporations to reduce their workforces. That means making a lot of regular people suffer to keep the value of the owner's capital maximized. Protecting the ego scores of a relatively tiny number of people by actively harming most everyone else in tangible, basic human needs terms. If that isn't sociopathic cruelty, I don't know what is.
When there is a national crisis, note our middle managers in Washington don't say we need to protect our society, they say we need to protect our beloved economy. An economy is supposed to be a mere tool better distribute goods and services for the benefit of a society. Ours has metastasized to the point our society lives in service to our economy, which is perverse but the tragic, morbid reality.
The goal of the fed is to increase the net worth of the owners, full stop. That almost always comes at the peasant's, or what the oligarchs would consider their livestock's, expense.
Whenever the Fed is happy, it's almost always bad news for non-wealthy Americans, despite all the self-hating, capitalism true believer peasants that have deluded themselves into believing the lie that the owner's success is the peasant's success. It's not. Trickle down economics was an intentional grift at its inception, and that grift has become our economy's core philosophy.
For any young people unaware, the trickle down economic fairy tale is "funnel as much of the nation's generated capital to the already wealthy as possible, and one day they'll whip their dicks out and urinate golden showers of prosperity down on all the peasants." They were kind of conning and insulting their capital battery peasants at the same time!
Lmao this is what happens when your entire understanding of economics comes from leftist TikTok
Enlighten us.
They aren't worth your attention. Just a true believer capitalist troll here to say everything is fine and to use ad hominems if you recognize that it isn't.
I love the the user note feature here, really handy for marking trolls. Fortunately not that many here yet, probably still at Spez's trough. Most people that came here are awesome.