It’s going exactly as planned. Beating communism was about making this possible.
The system is working as designed.
Capitalism is built to reward those with money and punish those without. Everyone in-between is leeched for all that they're worth by the people that control and hold nearly all of the money.
Over a long enough timeline, nearly all people fall into either the "in-between" category or the "without" category, while the people who hold the vast majority of the wealth become a smaller and smaller group of dictator-like individuals.
There is no democracy in the workplace.
The system is working as designed.
My parents never made a lot of money, but they did great with what they had and are now living the sweet retired life. Im doing fairly well myself, but still need to be pretty careful about things. Every time I bring up things being tough, I get a response of "we only used to make..." And they just don't get how that translates to today
Start having an inflation calculator handy when they try that shit. Like "oh, I only made 25k in 1980, you're doing so good at 50k in 2106" (actual conversation with my mother), nevermind that she made basically 75k adjusted for inflation.
I'd like to say it shut her up once I started showing her how her raw numbers were bullshit at every step, but she found more things to argue about until she had to change the subject. But it at least made her shut up about it for a while though.
Obligatory: https://wtfhappenedin1971.com/
That's a lot of graphs, but do any of them answer the question? Or just beg the asking?
Very roughly, you had liberalism until that crashed in the 1930 with the Great Depression.
Capitalism was rebooted with social liberalism to include welfare, education, healthcare. In the seventies that ran aground in stagflation. Rich people didn't like investing anymore as the profits weren't big enough to their liking with all that welfare. Then came the oil crisis and that killed it completely.
The system was rebooted again with a tweaked form of liberalism, so that's now neoliberalism. It repeats all the mistakes of that past, slowly salami slices welfare and healthcare away, chips away at all the safeguards and then crashes again in 2008 with financial crisis.
After that, the system was basically resuscitated, pumped full of money to keep it going and now we see how long it lasts before something really bad happens. Welfare, education and healthcare are turning into dust for most people so something going to give.
I believe it's referring to the end of the gold standard for the dollar, as a way to sell bitcoin.
https://singlelunch.com/2023/09/13/the-bad-economics-of-wtfhappenedin1971/
I don't agree with the entire analysis in that post, but definitely agree with the general "wtfhappenedin1971 trying to scam you" vibe.
I didn't see it in a quick scroll through on that page, but I'd assume the answer has something to do with this.
could be coincidence, but Biden started on a county council in 1970, and first got elected to the US senate in 1972.
I suspect a lot of the, uh "old guard" entered politics around the same time.
Lol yeah dude, this is all Joe Biden's fault, and it goes back to his very first job in politics on... checks notes... *County fucking Council."
Who said brain rot is an exclusively conservative trait?
The stat he's missing that answers the question is what happened to per capita GDP (14.6x)? Gains there went somewhere, and it sure as shit isn't in the median household.
The only thing that has gotten cheaper is electronics, everything else has gotten more expensive and of worse build quality.
everything else has gotten... of worse build quality
(It even applies to a lot of electronics chassis too, to be honest. Most devices aren't machined-aluminum flagship laptops or whatever.)
The problem isn't just plastics.
I have many things built with plastics that are rather durable and of good quality.
The root issue is cost savings. When you try to save costs by reducing the total amount of materials used for the structure and frame of a thing to the minimum level, you end up with garbage products that are literally designed to fail because of how cheaply they're being produced.
Sure, plastics are not as structural as other materials like aluminum, steel, iron, etc..... But if they're used correctly, they can contribute to the overall durability of the product. When used incorrectly they can severely detract from the same.
When people talk about how much better things were in the past im always reminded of this image:
I did not double check the numbers but if they are somewhat correct this is not survivor bias
There was a lot of shit in the past that was
Well shit
But that does not mean some things werent better
I hope that's his real name
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