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Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession" (lemmy.blahaj.zone)
submitted 2 years ago by to c/whitepeopletwitter@sh.itjust.works
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Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

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[–] 48 points 1 year ago (2 children)

Crises are a feature of capitalism. Marx talked about this. Things become hell for the working class, and the capitalists reap the rewards.

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  • [+] -3 points 1 year ago* (last edited 1 year ago) (2 children)
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  • [–] 15 points 1 year ago (1 child)

    We haven't tried many

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  • [+] -5 points 1 year ago* (last edited 1 year ago) (1 child)
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  • [–] 9 points 1 year ago* (1 child)

    Controlled economies are much less stable

    Said in thread about how nuking the control over the economy is about to cause a recession. Yeah, sure.

    Deregulation almost always leads to the working class being robbed, the land poisoned, and people killed.

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  • [–] 0 points 1 year ago (2 children)

    The difference is nobody wants to fix them right now, instead misdirecting people toward "woke DEI" and "government waste" as if reducing these will magically fix the crisis.

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  • [–] 1 point 1 year ago

    I think there are plenty of people that want to fix these issues, but at least in the US (and I guess anywhere that is falling into fascism), they are locked out or hindered by politicians and other ghouls who are too preoccupied stripping everything for parts before they ultimately bail and leave behind a fucking mess (2008 housing crash vibes).

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