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Florencia (she/her)@lemmy.blahaj.zone to People Twitter@sh.itjust.worksEnglish · 4 months ago

Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"

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Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"

lemmy.blahaj.zone

Florencia (she/her)@lemmy.blahaj.zone to People Twitter@sh.itjust.worksEnglish · 4 months ago
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Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

  • orca@orcas.enjoying.yachts
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    4 months ago

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

    • SyntaxError@lemmy.world
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      4 months ago

      Yes, and people with power, people with connections, and people who are rich will always benefit from crises. Naomi Kleins The shock doctrine explains this very well in a modern context.

      • orca@orcas.enjoying.yachts
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        4 months ago

        Adding to my reading list!

    • RowRowRowYourBot@sh.itjust.works
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      • Doom@ttrpg.network
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        4 months ago

        We haven’t tried many

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          • Olgratin_Magmatoe@slrpnk.net
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            4 months ago

            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.

            • RowRowRowYourBot@sh.itjust.works
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              • Olgratin_Magmatoe@slrpnk.net
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                4 months ago

                Every economy is controlled in some way.

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      • lemonaz@lemmy.world
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        4 months ago

        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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        • orca@orcas.enjoying.yachts
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          4 months 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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