Pigeon Feed
View unanswered posts | View active topics It is currently Sat Jan 20, 2018 12:19 am



Reply to topic  [ 2 posts ] 
 Naked Capitalism - 21 basic points on the economy 
Author Message
Online
User avatar

Joined: Thu Mar 31, 2011 4:00 pm
Posts: 10073
Post Naked Capitalism - 21 basic points on the economy
Some basics on the economy
By Ian Welsh

1) the majority of new jobs are bad.

2) the economy has still not recovered all lost jobs, either in absolute #s or as a percentage of the population

3) so there are fewer jobs, and what new jobs have been created are worse. They pay worse.

4) The upper middle class job market has recovered, which is why those folks are no longer panicking and are telling you that the economy isn’t so bad as all that.

5) the failure to force the rich to take their losses and to break up the banks means that the same people who caused the 2007/8 financial crisis still control the economy and the government.

6) failure to restructure the economy to get off oil and over to an electrical economy means that the US (and the world) are caught in the oil price dilemna: any real recovery increases oil price and will be derailed by those high oil prices.

More at link


Seems to be the way the situation is playing out...


Wed Sep 05, 2012 2:24 am
Profile
User avatar

Joined: Mon Apr 11, 2011 6:55 pm
Posts: 6494
Post Re: Naked Capitalism - 21 basic points on the economy
Pretty accurate. The punishments protecting the capitalist system are paid for and discarded. Communism gets corrupted and is even worse. A new "ism" needs to be accounted for.


Wed Sep 05, 2012 3:40 am
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 2 posts ] 

Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group.