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Thread: Economics Thread

  1. #1381
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by thethe View Post
    Singapore
    wow...Singapore is one of the most highly state controlled and directed economies out there

  2. #1382
    I <3 Ron Paul + gilesfan sturg33's Avatar
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    Lol the takes in this thread

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  4. #1383
    if my thought dreams could be seen goldfly's Avatar
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    Quote Originally Posted by Krgrecw View Post
    What country has more economic freedom than America?
    by the 2019 Economic Freedom of the World Index the USA is 12th, these countries have more economic freedom

    1 Hong Kong
    2 Singapore
    3 New Zealand
    4 Switzerland
    5 Australia
    6 Ireland
    7 United Kingdom
    8 Canada
    9 United Arab Emirates
    10 Taiwan
    11 Iceland


    crazy, some socialist economies on there with the oppression of universal healthcare etc
    "For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross"

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    Quote Originally Posted by goldfly View Post
    capitalism is so great

    it needs its side chick of socialism to save it every 10 years
    I’m very interested to see how the EU will manage. Given that these are good standard for progressives in the US, it will certainly be an interesting case study to be sure.

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    It's OVER 5,000! 57Brave's Avatar
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    interesting as it unfolds
    ……………………………..

    https://www.vice.com/en_us/article/5...nwide-sick-out






    Lois Beckett

    @loisbeckett
    ·
    7h


    Whole Foods employees want:

    - hazard pay of double the current hourly wage

    -paid leave for all workers who stay home or self-quarantine

    -free coronavirus testing for all employees

    "It’s very plausible that some of us will die for this job.”

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    Chris Murphy
    @ChrisMurphyCT

    GE workers walked out today to demand their plant start making ventilators.

    That’s Lord of the Flies sh*t.

    Factory workers shouldn’t have to force their company to help save lives. That’s what a president is supposed to do.

    But right now, factory workers are all we got.

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    It's OVER 5,000! 57Brave's Avatar
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    “America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves… Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor.”

    — Kurt Vonnegut

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    I <3 Ron Paul + gilesfan sturg33's Avatar
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    'Mainly poor'

    Goodness we have lost some perspective

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    Natural Immunity Croc

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    This opinion:


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    I really hope the damage we are self inflicting isn't worse than the problem is itself


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    People cant seem to comprehend that a depression is much worse than 100k americans dying from Covid19

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    Lauren L Walker
    @LLW902


    so is it fair to say that after 15 years as the intellectual darlings of capital,

    the only thing big tech could do during this crisis was rebrand

    cpap machines, reinvent useless office meetings,

    and get a mcmuffin delivered at 7am

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    Lol

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    The unemployment claims data put us on a trajectory to hit a 15% unemployment rate when the April employment report comes out (early May). The most recently released unemployment rate data was 3.5% in February.

    Given what looks to be the likely path of the pandemic and re-opening of the economy, I'm spitballing these numbers going forward

    May unemployment rate 20%
    June 13%
    July 10%
    August 8%

    After that it depends on whether there is more stimulus.

    One way to think about what is happening is we have had an enormous negative shock to the economy. When things are re-opened there will be a very big positive shock. But we need to understand that the negative shock is bigger and will have the longer tail. So once you get to August or so, yes the economy will have been re-opened for a couple months but where we settle will not be the pre-virus economy. And the multiplier effects from the initial negative shock will still be working their way through the system.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by 57Brave View Post
    “America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves… Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor.”

    — Kurt Vonnegut
    The median household income of this country is 688% of the median household income of the world.

    If americans are mainly poor, how would we describe the rest of the world?

  19. #1397
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    Quote Originally Posted by sturg33 View Post
    The median household income of this country is 688% of the median household income of the world.

    If americans are mainly poor, how would we describe the rest of the world?
    Anyone who has lived in a third world country, as I have, will say that Americans are rich. It is all relative.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

  20. #1398
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    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

  21. #1399
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    Quote Originally Posted by nsacpi View Post
    Who knew that rising gas prices could save the economy.
    Natural Immunity Croc

  22. #1400
    A Chip Off the Old Rock Julio3000's Avatar
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    Quote Originally Posted by thethe View Post
    People cant seem to comprehend that a depression is much worse than 100k americans dying from Covid19
    I’m not sure what credible information leads you to believe that’s the choice.

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