- cross-posted to:
- genzedong@lemmygrad.ml
- cross-posted to:
- genzedong@lemmygrad.ml
“No you see, idiot, uneducated worker, the economy is doing great actually. Now go back to the your 3rd job’s shift to barely make ends meet.”
“No you see, idiot, uneducated worker, the economy is doing great actually. Now go back to the your 3rd job’s shift to barely make ends meet.”
deleted by creator
Measured by who? Predatory western sociologists-that-wish-they-were-mathematicians whose predictions hold less merit than a meteorologist’s when he’s three Adios Motherfuckers in? If you still take these banker-priests seriously, that’s on you; but what I know is my pension definitely doesn’t go as far as it used to even five years ago.
If the economy didn’t existentially suck ass in ways that resemble recession, I wouldn’t have had to move in with some homies of mine, and I’d still be blissfully on my ones; but no, the economists gotta oversee an unending transfer of wealth until we’re all inescapably wage-slave’d so now I gotta live like I’m in fucking college again.
The problem is that the economy doesn’t work for everyone the same way. Looking at a single column employment measurement number and how the stock market players are doing gives one picture, while (if) they looked at how many people are working several jobs, earning inflation-adjusted less pay and paying more for basics, and putting bills on credit they’d see a totally different view. That the latter is far greater in number and yet we’re “fine” suggests that the experts are either idiots, or that they know it’s there but they don’t want to change how the top is running since it’s “great”.
deleted by creator
Thank you.
The group who have defined an event with intent and required specifications are telling us, by definition, the event isn’t happening. ‘When the rate of water falling from the sky exceeds two inches per hours, it is flooding.’
The public are saying something is happening and stealing a word from the first group and telling them they’re wrong. ‘It’s below 30 degrees out and this white stuff falling from the sky is accumulating. It’s flooding!’
The public is also attempting to argue that if the defined event is not taking place, the word used to describe the event is more than sufficient to define their event while they’re placing blame upon the first group for allowing the event to take place.
Stick around in these threads long enough and someone will come and post statistical proof that how you feel is anecdotal and of absolutely no bearing on realty. So at what point do you stop caring about the “definition” of recession and realize that maybe it’s not measured in a way that promotes a health society rather than just a healthy economy?
Record profits and millions uninsured. Record profits and crumbling infrastructure. Record profits and mass layoffs. Maybe it’s fucked?
deleted by creator
Who is removing the meaning? If anything i thought we were trying to define it better and maybe challenge the traditional meaning because i don’t think it suits the current times. You are free to use a different word.
deleted by creator
Or maybe that correctly might be too traditional? If that’s too much i can just stop. I don’t wanna overload ya.
Actually rereading my content: What i meant was to say “well just a different word” in regards to the current situation if recession doesn’t fit into the metrics of what a recession is. If you don’t like recession being used than give people who feel like it’s a recession a different word.
Full agree. Why not just say main street has been shit for decades and there isn’t a recession? It’s easy.
deleted by creator
Nah. Whatever word we use, some propagandist will argue its semantics rather than argue that people’s lives should actually be good enough to eat, be happy, be healthy, have a home and raise kids.
What do you think would happen if we stopped using calvinball measurements like GDP and started using metrics based around people’s material conditions?
If a majority of your population feels like they’re in a recession then you have economic problems and dictionary definitions make no difference.
When the media talks about recession (same as your papers, your favourite news site, it’s the media in general), they mean “shit’s bad and you’re struggling”. Same in school, when you learn about a recession, you learn about the simplified definition. That’s fine. I don’t care what your economics book is saying, I deal with real science, not imaginary shit.
So when people start complaining because their living conditions are getting worse, the same media and the people who suck up to them for some reason (wink wink) come back with “akshully, I think you’ll find things aren’t that bad because technically, this is not a recession”.
The same thing happens when a government counts “unemployment”. They define it in such ridiculously restrictive ways that every time they report on it, it magically goes down.
“Oh, you’ve gotten out of bed at least once in the past 12 hours? Well, that’s a job, buddy! Well done, you’re now self-employed and can’t be counted as unemployed.” Telling me “unemployment” is down is meaningless and I couldn’t care less. Telling me “it’s not a recession so everything is fine, trust me bro” is just as meaningless.