The US economy is experiencing a “selective recession” where lower-income Americans are struggling due to rising costs and dwindling savings, while upper-income consumers remain unaffected. Inflation, although cooling down, has significantly impacted the purchasing power of lower and middle-income individuals. With the pandemic savings having been depleted for most Americans, recession fears are now growing as the job market weakens and interest rates remain high.
“Selective recession” is a neat way to frame a “passive genocide” against the lower class. Liberals just locking their doors and hoarding their canned goods. Hoping they stay afloat long enough for enough poors to die off so the job market will improve.
yeah seriously
Unfortunate for them that you can’t solve the contradictions of capitalism by trying to passively ride them out.
Wow, an economic outlook that isn’t just abusively gaslighting me into skipping luxury meals.
A surprise coming from business insider.
The only segment of the US working class that is difficult to describe as a labor aristocracy (in NAFTA states) is being shredded to pieces.
This segment of the working class should be the focus of organization in the core. The rest should only be organized secondarily, as their interests align with Imperialism too much.
Guess we’ll die.
