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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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[–] 1 point 2 years ago (1 child)

Thats my point. Far right governments are taking power all over the world. They don’t usually lead to stability. Add in some well-timed crisis (or at least the perception of a crisis, and the media loves to make us perceive things as crises), and things could go south very fuckin fast. Look at Milei, Trump, the far right in Britain, the AfD. These aren’t the most competent people. They’re reactionaries at best. But what they are good at is scapegoating groups and whipping up peoples fears and biases. A few more elections going the wrong way and we are looking at a nearing uniform far right takeover of power.

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  • [–] 2 points 2 years ago

    Look at Milei, Trump, the far right in Britain, the AfD.

    One of these is not like the other.

    I think Milei is doing a fantastic job at what he set out to do: tackle inflation. He's an economist, and when he took office, inflation was 250% and rising, peaked at 300%, and now it's <100% and falling rapidly. He had to take drastic measures to fix it, similar to (and more extreme than) what we did in the late 70s and early 80s to fix stagflation, and it took years to take effect. The larger the problem, the more painful the fix, and he's taking the right approach IMO of trying to get it done ASAP so things can return back to normal more quickly.

    I agree with the overall sentiment though. I'm very concerned about Trump and many of the elections over the last couple of years, as well as upcoming elections. We'll see where it all ends up though.

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