Natalia Marques responds to a property developer's recent call for more "pain" in the U.S. economy by highlighting what happened after pandemic-era aid ended.
By Natalia Marques
Peoples Dispatch
Millionaire real estate company head Tim Gurner went viral (not for the first time) for his ba
But the economy is doing great!
The fact the economy depends on un employment is fucking gross
Had a sociologist class with one of those dirty communist neo something something professors who asked the class “why do we measure how well the country is doing using unemployment or GDP instead of happiness”.
Crazy thing was that my first instinct was to think how stupid it was to measure happiness. I’m such a fucking brainwashed idiot
Happiness, while a useful metric, isn’t a very consistent one from person to person, or even from day to day. It’s a very subjective and hard to quantify metric.
Not that GDP or unemployment are better indicators, but they’re solid numbers that can be definitively and accurately counted and done so consistently over decades.
Still there has to be a better non-subjective metric than those, they’re not very telling.
That was actually a big part of the lecture. Is measuring happiness actually inconsistent. He put a good argument for it not being inconsistent. That we can not only measure happiness pretty consistently but that we can also measure all the things that contribute to it pretty accurately. One of my favorite lectures in school
Everything depends on scarcity. Supply and demand. There has to be unsatisfied demand otherwise prices would be too low for anyone to make any money… it’s a poorly designed system.
Death to the profit motive.
Yes comrade, I, too, welcome bread lines.
Because there’s definitely nobody going hungry under capitalism, no siree.
As we all know, no one ever goes hungry in profitable countries.
Parroting completely ignorant takes on history without understanding history. Classic liberal.
Capitalism got us this far. Now if we try out communism, we can have chipotle style burrito lines, iPhone lines, and latte lines. It’d be glorious.
I was promised a taco truck on every corner!
Alas, the likely alternative to capitalism is not communism, but feudalism. That was 1000 times worse.
think you confused communism for capitalism there champ https://www.cnn.com/2020/07/31/us/food-insecurity-30-million-census-survey/index.html
Gods forbid the CEOs take a pay cut.
Look at this green line we built out of your blood!