969
submitted 11 months ago by spaceghoti@lemmy.one to c/politics@lemmy.world

In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits.

“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” Edwards wrote. “This is a big issue for policymakers that simply cannot be ignored any longer.”

you are viewing a single comment's thread
view the rest of the comments
[-] AllonzeeLV@lemmy.world 89 points 11 months ago* (last edited 11 months ago)

Seriously, promise?

I and my family will take the painful collapse and rebuild, because at least that provides hope for a better future, unlike today's path, further enriching a few thousand sociopath's ego scores in their race to see who can burn up the the planet for private profit the fastest.

Living under the tyranny of the greed class is just pain by design. Pain in generational perpetuity.

[-] SkyeStarfall@lemmy.blahaj.zone 17 points 11 months ago

Yeah, seriously. The path is so obvious and linear for society today due to that. I feel like it just gets easier to predict the future, from axioms such as "the rich are powerful and will always try to expand their influence and cement their rule".

It's easy to see that climate change will never be solved for as long as something big doesn't change, wealth inequality will keep rising, it will just keep being more and more expensive to live and own things, working conditions won't improve or may even worsen, automation will put out more and more people out of a job, creating a massive crisis, poor countries will get worse leading to wars or other crises, and ever more commercialization of everything, such as art and hobbies.

At least, unless it collapses/a revolution happens.

[-] Daft_ish@lemmy.world 8 points 11 months ago* (last edited 11 months ago)

This is all a bit optimistic. The collapse of society will have a measurable human toll and may seal the deal on the chance of a better future. Very optimistic to think the resulting power struggle will result in anyone other than a dictator taking power.

[-] Uranium3006@kbin.social 2 points 11 months ago

but that's all already happening anyways. it's not a risk to changing things if it is a given in the status quo

[-] Daft_ish@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

Happening, hasn't happened. Op is suggesting we just succumb. If I have to explain why that is a stupid notion I'm not even going to start with you.

[-] Nonameuser678@aussie.zone 11 points 11 months ago

We've had political, social and economic revolutions before without shit collapsing. Lots of death and destruction though generally. People don't give up power easily unfortunately.

this post was submitted on 08 Dec 2023
969 points (99.5% liked)

politics

19135 readers
1027 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! 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.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS