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by burnt-resistor
246 days ago
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The economy is a lie. There is no the singular, hive mind economy. There are several segments and it's growing ever lopsided and moving K-shaped. The so-called "precariat" are hurting very badly. It doesn't matter what sort of imaginary, incestuous valuations NVIDIA et. al. attain because it doesn't trickle down in any measurable fashion. There is an pervasive profit-price spiral of necessities is a huge contributor of ongoing and deepening inflation. And the random tariffs / punitive federal sales taxes are yet another inflationary policy. The ultra rich can and will deny technological un(der)employment is happening until the pitchforks come out, and then blame the poor for being lazy/stupid/slow/unfortunate/antifa/whatever. |
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