• BenLeMan
    link
    fedilink
    English
    arrow-up
    20
    ·
    16 hours ago

    Here’s some hopium for us all: Considering how little the average person has benefited from economic growth, that might not be so bad.

    Especially if it hastens our independence from fossil fuels (which, in a sane world, events like this absolutely should).

    • empireOfLove2@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      6
      ·
      6 hours ago

      Haha no no, you don’t understand. When there is growth the profits are privatized; when there is a collapse, the losses are socialized.

      • BenLeMan
        link
        fedilink
        English
        arrow-up
        1
        ·
        3 hours ago

        Sounds remarkably like this cuckolding fetish I’ve been hearing about.

    • BeMoreCareful
      link
      fedilink
      English
      arrow-up
      6
      ·
      9 hours ago

      That is a wild thought. I saw something that said the top ten percent of the economy is the only sector of the economy showing any movement. Essentially that 90% of Americans have zero economic power.

      Your observation kinda lines up with that. It would also make “I love the inflation” make sense. The capital class is doing good.

      • SabinStargem@lemmy.today
        link
        fedilink
        English
        arrow-up
        4
        ·
        6 hours ago

        Hold on to your britches, the economy is going down like a rollercoaster. After the SpaceX and other AI company IPOs, odds are that a bubble much larger than the Dotcom iteration will explode.

        I could do with less interesting times.

    • YellowParenti@lemmy.wtf
      link
      fedilink
      English
      arrow-up
      5
      ·
      11 hours ago

      You don’t benefit from economic growth, but you damn sure will get fired if we have another once in a life time recession. Don’t worry though, bailouts for the brave companies firings workers.