307
Gen Z embraces 'safety capitalism', says current social safety net is broken
(www.businessinsider.com)
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 29 Feb 2024
307 points (92.1% liked)
News
23284 readers
1534 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
I agree, but that system you are referring to is a very very small part of the current government. And no, capitalism doesnt just collaspe via revolution every 10 years, its the most stable system.
Capitalism does collapse ~10 years in the U.S., and requires great intervention by the government or federal reserve. E.g. 1981, 1990, 2000, 2008, 2020. I'm arguing that without the intervention or social safety nets, and families started starving, there would be a revolution.
Sigh, the federal reserves is literally the reason "capitalism" is going to fail. If you want I can explain what the federal reserve does and how it harm you, but you guys never seem to want to know that information.
I understand the Fed pretty well. I'm going to assume you listen to the Austrian economic school, or are just a crypto bro, whereas I tend to like the New Keyenesian school; as long as we're keeping a capitalist system. Austrian school lacks mathematical rigor and libertarians just like it just because it's prescriptions align with their ideaology, IMO.
Of all the groups the libertarians are the only ones that actually understand economics. Both of the major parties live in imaginary money land where the fed solves problems and save the world. The issue with the fed is direct and obvious.