• @[email protected]
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    741 year ago

    So I’m in the weird position or really, really liking the content of a post, but feeling compelled to downvote it because sir, this is a Wendy’s.

    • @EdibleFriend
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      331 year ago

      It’s 2023. If we start burning motherfuckers and taking their businesses there are going to be memes.

  • BanditMcDougal
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    591 year ago

    IIRC, the price cap on labor was to reduce workers from getting drawn to other companies that were paying higher wages. The idea was to make production predictable by keeping the limited labor force in place rather than having them be mobile. It led to the rise of benefits, like health insurance, being offered as part of total compensation packages since the extras weren’t capped. Effectively this was the start of insurance being tied to employment.

    Law of unintended consequences hit us in a big way with this one.

    • @[email protected]
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      21 year ago

      In turn, insurance being tied to healthcare is the main reason why US citizens associate government funded health care with freeloaders. Essentially, at one point it meant you were not working in a society that greatly needed workers. I mean, there was also underline racism in only certain groups being selected for said jobs, but that’s an American standard.

  • @[email protected]
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    291 year ago

    They also capped the price of labor and banned strikes. All prices were controlled. Plus there was rationing. I believe you needed stamps to buy sugar, flour, and other things. Not food stamps, you still paid but you had a limit on the amount you could buy.

    • @[email protected]
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      1 year ago

      The consequences of “total war”

      Specifically the fourth feature:

      1. Total control: Multisectoral centralisation of the powers and orchestration of the activities of the countries in a small circle of dictators or oligarchs, with cross-functional control over education and culture, media/propaganda, economic, and political activities.

      Wiki

    • qyron
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      41 year ago

      Which was reasonable?

      With no control, a few could buy huge volumes to resell in the black market, just like what happened in the CoViD start with masks.

  • @Astroturfed
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    121 year ago

    I felt like I was losing my mind screaming about all the things the government could of been doing during the insane covid era inflation. What Biden could of done instead of cranking up interest rates… but hey gotta turn the screws on all the poverty stricken folks with credit card debt so they can barely afford to live.

      • @Astroturfed
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        -181 year ago

        Could of not given a fuck less when I read this.

        • @ngdev
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          141 year ago

          oof that’s certainly a way to react to being wrong and having someone provide a friendly correction, they didn’t call you a moron or anything

          • @Astroturfed
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            -131 year ago

            It’s almost like there’s people who don’t care about minor grammatic issues and are annoyed by people who think something hastily typed on a phone needs to be ready for publication.

            • @[email protected]
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              51 year ago

              Yeah, gonna go out on a limb and say that you typing hastily isn’t the reason you typed out “could of”. Dunno, maybe it’s how you responded to being corrected.

              • @Astroturfed
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                01 year ago

                Ya, cuz grammatical issues don’t happen less often when you type slowly and proof read. You got me I must not know how English good.

                • @[email protected]
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                  21 year ago

                  I guarantee I type more quickly than you, on every type of input. I have literally never used “could of” because I know it’s incorrect.

                  You’re just lazy.

          • @Astroturfed
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            1 year ago

            Neither is going around correcting minor grammatical issues. It’s cute that you think that correcting something hastily typed on a cell phone needs to be corrected for grammar. You must have a rich and fulfilling life to go around grading comments on a internet forum.

      • @[email protected]OP
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        1 year ago

        Nitpicking grammar isn’t just pretentious, it’s privileged. The validity of a statement is not determined by how expensive an education the writer’s parents provided them.

        • @[email protected]
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          111 year ago

          Wtf are you talking about? It’s not obscure grammar that you can only see in expensive textbooks. You just need to open your eyes.

          Why are people so adamant about not being corrected?

          • @[email protected]
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            71 year ago

            Man like it’s just so simple like being corrected on an opinion or any observation and it’s just a simple switch from “of” to “'ve” like no one even has to beg for you to use the ’

            Like sweet jesus man I don’t care if people have a different meaning now about this 🧢 that we put on our heads but man it’s such a simple thing to just swing a little bit to the side and use VE like you don’t even have to add a space man I just don’t understand the chaos I’m crying

        • @[email protected]
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          101 year ago

          I never said their statement was less valid. Go make up things to be mad about somewhere else.

          • @Astroturfed
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            -121 year ago

            Someone called you an entitled douche so they must be angry. Oh ya, for sure.

              • @Astroturfed
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                1 year ago

                Such a solid argument. I don’t like an annoying thing you do, so I’m angry. So angry. Sorry that I had to be the one to tell you that no one gives a fuck about your English degree. It was a huge waste of money, but don’t take that out on the rest of the world by making them read you try to validate yourself.

                It’s almost like you have no original thought. As if you fall back on correcting others grammar and spelling because of how utterly unoriginal and vapid you are.

                • @[email protected]
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                  81 year ago

                  Are we having an argument? I thought you were just venting about how insecure you are about a single grammar correction.

          • @[email protected]OP
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            -71 year ago

            Wait, I don’t get it. Are you saying making a grammar mistake makes someone a shitty person? And not correcting grammar enables people’s bad behavior? Like being ungrammatical is morally wrong or something?

            And let me Google the def of pretentious real quick:

            attempting to impress by affecting greater importance, talent, culture, etc., than is actually possessed.

            Correcting someone’s grammar online is absolutely a pretentious act. You’ve identified a grammatical mistake - which in this case isn’t even a mistake but a difference in dialect - and you feel the need to call them out on it? What possible benefit does that have except to show off your allegedly superior grammar and thus demonstrate your superior intellect, talent, culture, or whatever aspect of life you think grammar should be assigned to?

            • @la508
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              71 year ago

              Misspellings ≠ dialect

            • @daemoz
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              -71 year ago

              I like that you are winning this argument despite the downvotes by a majority of pretentious users.

              Do better lemmy

      • @Astroturfed
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        81 year ago

        Price controls as mentioned in the post, likely one of the most effective things. Aggressively prosecuting companies for price gauging would also send a clear message. When there’s a huge surge of unemployment and companies are making record profits for no reason other than greed there’s a lot of things that can be done but they aren’t “capitalism” so they’re bad.

      • @Goodie
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        31 year ago

        If we’re staying closer to neolibralism than OPs post you seemingly refused to read; winfall tax, uae said tax revenue to provide inflation relief.

    • @[email protected]
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      21 year ago

      The president doesn’t control interest rates (though they’d like to). The federal reserve bank independently decides interest rate changes to fulfill its dual mandate. Arguably, they should have started raising rates sooner, but the belief at the time was that inflation was transitory in nature. The executive branch could have tried to do more, but regulatory capture over the past decades has castrated the government’s ability to effectively control business (instead, the inverse is true: business controls government policy). Blaming the corrupt cogs (or, even worse, the “other team”) for a broken machine is useless. Instead, lose your mind screaming about all the things your local government should be doing, educate yourself and get involved in local politics, and start changing corrupt policies to rebuild from the bottom up. The other way is never going to happen, so all you’ll accomplish there is making yourself hoarse.

      • @Astroturfed
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        1 year ago

        If you think the president isn’t heavily leaning on the fed and having a strong say in how interest rates go I’ve got a bridge to sell you.

        Early in trump presidency when they should of been drastically cranking up interest rates. They stayed pretty fucking stable because the big orange turd threw a fit about them being raised. Biden could easily exert influence. The fed is way less indepent than it should be.

        • @Zoboomafoo
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          21 year ago

          After 4 years of the fed making poor decisions at Trump’s direction, I’m totally fine with Biden being hands off and letting the experts turn the dials

    • Maeve
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      41 year ago

      It was mostly to keep us from eating the rich, but there are ways to deal with uprisings now that didn’t exist then.

      • @psycho_driver
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        51 year ago

        Eating the rich may still be the most effective method though.

        • @1847953620
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          31 year ago

          I want my zuckerburger charbroiled.

  • @Godric
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    51 year ago

    Remember when the place for Memes had Memes instead of angry political rants? Pepperidge farm remembers.

  • @Ibex0
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    1 year ago

    To be fair, we weren’t importing as many finished goods then, therefore we weren’t competing in a global marketplace. If prices stayed the same temporarily, it wasn’t a big deal.

    Price controls cause shortages and rationing.

    Edit: It’s a pretty well-known concept that price controls cause shortages. Look what happened to communism. They said there was no inflation and prices were fixed forever. If a liter of milk is set at 1 rubble, and farmers can’t make money at that price, milk selection reduces, or could even disappear.

    Everybody in the supply chain has to make money, otherwise the chain breaks.

    • @[email protected]OP
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      1 year ago

      Price controls cause shortages and rationing.

      Because toilet paper was price controlled during COVID, right?

      No. Price controls don’t cause shortages. Price controls redistribute the burden of an existing shortage. Without price controls, shortages mean only poor people go without; with price controls, everyone shares in the burden.

      Imagine there’s a shortage of toilet paper. In a capitalist market, if there’s a shortage, the price of the good goes up. This means rich people still have all the toilet paper they want, middle class people have to budget and go without other things to avoid toilet paper, and poor people can’t afford toilet paper at all.

      There’s no rationing in capitalist markets, either, so people with enough capital can buy extra toilet paper to sell at a higher price, making it even harder for the middle class and the poor to afford toilet paper.

      In other words, without price control, the burden of the shortage falls on the poor and middle class and gives wealthy capitalists an opportunity to expand their wealth at the expense of the poor.

      And if you doubt that this happens look at how many small businesses Amazon pushed out of business during the lockdowns.

      That’s what capitalism is. It’s not magic, it doesn’t create resources where none exist, it is a method of distributing scarce resources by prioritizing people who have the most resources already. Capitalism “solves” shortages by raising prices until enough poor people can’t afford the item that everyone else has enough. Capitalism is hateful, elitist, and contemptuous of basic human rights.

      So we impose price controls and rationing. Everybody has less toilet paper. But everybody has some toilet paper. Instead of one part of society being immune from the shortage and one part of society having nothing, everyone shares in the burden.

      And this is why our political and capitalist classes hate price controls. They think they should be above economic hardship. If they can’t get anything they want anytime they want, it means they’re just like poor people. And they’ll do anything to avoid that injury to their pride.

      Thank you for coming to my TED talk.

      • @Shardikprime
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        11 year ago

        Yeah price controls did sure work for the Romans and lately, Venezuela

      • @Mostly_Gristle
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        101 year ago

        Hey, wasn’t it cool when the government used to keep corporate greed in check?

        Yeah, but some unmentioned and unrelated bad things that happened at literally every point in American history also happened at that time period too, so, fuck you, I’m just going to pretend your little ray of sunshine is actually an endorsement of those bad things, and insinuate that your point must be dismissed wholesale and without examination.

          • @[email protected]
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            61 year ago

            Yes it is utterly impossible to think anything has gotten worse about this country, because some things have gotten better, what an excellent rebuttal.

          • @Mostly_Gristle
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            61 year ago

            No, I’m thinking about how every time a worker even hints about a dream of putting a check on corporate power, someone magically appears to say, “Forget about the corporations, what you really need to be arguing about is race.” I have zero illusions of how fucked up American history is, or how little has actually changed in the intervening years. Or how many times your exact rhetorical tactic has been used to specifically undermine social and economic equity, not just for the working class, but for women and people of color in particular. Which keeps them the easy targets for violence and exploitation you’ve decided to insist OP is advocating for somehow. Nobody here is claiming racial or gender violence is right or good. One guy getting to enjoy a rare yay America moment doesn’t automatically imply a tacit endorsement of that violence. Insisting that it must be is such a classic chud tactic it makes me wonder if the whole point of this conversation is just so you have something to screenshot for your buddies over on TruthSocial.