Changes in US Wealth Distribution 1989-2019

[Mac-7]

They are predicting 5.3 percent growth next year.

Thats laughable

The CCP is engaging in happy talk

 

[Woodznutz]

Thats laughable

The CCP is engaging in happy talk

5.3 would be a downturn, but not a 'free fall'.

 

[georgephillip]

Are you a communist?

I suspect you blame big business and want government to insure equal wealth distribution

I blame big business for our current inflation levels.
Inflation Causes — 54% Corporations Robbing You, 46% ...

Capitalism gives one percent of society the authority to decide what to produce, where to produce it, and how to distribute any surplus.

Such a "predatory phase of human development" guarantees the vast majority of society will eventually demand something better.

Monthly Review | Why Socialism?

 

[Toddsterpatriot]

I blame big business for our current inflation levels.
Inflation Causes — 54% Corporations Robbing You, 46% ...

Capitalism gives one percent of society the authority to decide what to produce, where to produce it, and how to distribute any surplus.

Such a "predatory phase of human development" guarantees the vast majority of society will eventually demand something better.

Monthly Review | Why Socialism?

Capitalism gives one percent of society the authority to decide what to produce, where to produce it, and how to distribute any surplus.

I know, owners deciding. Outrageous!!!

They should let whiney losers, like you decide. LOL!!

Such a "predatory phase of human development"

Letting socialists steal from owners sounds more predatory.

 

[Mac-7]

5.3 would be a downturn, but not a 'free fall'.

Real growth claimed by the communist dictatorship in china is just an illusion

Its definitely slowing down

 

[Mac-7]

I blame big business for our current inflation levels.
Inflation Causes — 54% Corporations Robbing You, 46% ...

Capitalism gives one percent of society the authority to decide what to produce, where to produce it, and how to distribute any surplus.

Such a "predatory phase of human development" guarantees the vast majority of society will eventually demand something better.

Monthly Review | Why Socialism?

Government printing money and then giving it to people not to work caused
runaway inflation

 

[Woodznutz]

I blame big business for our current inflation levels.
Inflation Causes — 54% Corporations Robbing You, 46% ...

Capitalism gives one percent of society the authority to decide what to produce, where to produce it, and how to distribute any surplus.

Such a "predatory phase of human development" guarantees the vast majority of society will eventually demand something better.

Monthly Review | Why Socialism?

If big business is getting too big, stop buying their stuff.

 

[georgephillip]

If big business is getting too big, stop buying their stuff.

How much affect would that have?
Capitalists gonna greed!

Inflation Causes — 54% Corporations Robbing You, 46% ...

"But the point is that if you want to buy what you’re used to buying, corporations have used the other disruptions to see how much extra they can charge you.

"They have raised their prices — and their profits — under the excuse of 'look at all this mess from COVID and Russia that is causing prices to go up!'

"Specifically, an analysis from the Economic Policy Institute, confirmed by the Roosevelt Institute, shows that 54% of the increase in prices we’re seeing is due to increased corporate profits — corporations raising prices on us to test our breaking points while taking much more cash out of our pockets.

"That 54% figure, as you can see in the chart above, is far above the norm (which is 11.4%)."

 

[Toddsterpatriot]

"They have raised their prices — and their profits — under the excuse of 'look at all this mess from COVID and Russia that is causing prices to go up!'

It's true, Biden has really fucked things up.

 

[georgephillip]

It's true, Biden has really fucked things up.

I thought Joe was a socialist?

 

[Toddsterpatriot]

I thought Joe was a socialist?

He's a moron.

 

[georgephillip]

He's a moron.

 

[Woodznutz]

How much affect would that have?
Capitalists gonna greed!

Inflation Causes — 54% Corporations Robbing You, 46% ...

"But the point is that if you want to buy what you’re used to buying, corporations have used the other disruptions to see how much extra they can charge you.

"They have raised their prices — and their profits — under the excuse of 'look at all this mess from COVID and Russia that is causing prices to go up!'

"Specifically, an analysis from the Economic Policy Institute, confirmed by the Roosevelt Institute, shows that 54% of the increase in prices we’re seeing is due to increased corporate profits — corporations raising prices on us to test our breaking points while taking much more cash out of our pockets.

"That 54% figure, as you can see in the chart above, is far above the norm (which is 11.4%)."

Historically, prices drop when sales decline. "Whatever the market will bear", swings both ways.

Today though people are so insecure that they have to have every shiny new thing that comes on the market, especially electronics, at any price.

 

[georgephillip]

Historically, prices drop when sales decline. "Whatever the market will bear", swings both ways.

Today though people are so insecure that they have to have every shiny new thing that comes on the market, especially electronics, at any price.

 

[Toddsterpatriot]

BP paying for, and deducting the expense of, a commercial doesn't mean Noam, or you, or anyone is paying for the privilege of being manipulated and controlled.

 

[Woodznutz]

A small price to pay for exposure to tens of thousands of products.

 

[georgephillip]

BP paying for, and deducting the expense of, a commercial doesn't mean Noam, or you, or anyone is paying for the privilege of being manipulated and controlled.

Why should taxpayers subsidize BP's propaganda?

 

[Toddsterpatriot]

Why should taxpayers subsidize BP's propaganda?

How are they doing that?

 

[georgephillip]

A small price to pay for exposure to tens of thousands of products.

Do you believe "(t)he conscious and intelligent manipulation of the organized habits and opinions of the mass is an important element in democratic society?"

Edward Bernays - Wikipedia

Is there any good reason why taxpayers should subsidize private for-profit corporations for their propaganda?

 

[georgephillip]

How are they doing that?