I thought “running out of other people’s money” was supposed to be the problem with socialism
Cahillane said that the industry has endured years of “volume degradation” because consumers had to absorb “too much price.” Another inflation shock, he warned, is the last thing households need.
I cannot stand corpo cant
According to the Federal Reserve Bank of Minneapolis (9), $100 in 2026 had the same purchasing power as just $11.74 did in 1970.
Fucking grim
Oh well I’m sure that salaries also rose by 9x in that time, right?
yes, the u.s. national wage index was about $6k in 1970 and about $70k in 2024, which is the last year the social security administration has reported the wage index
This doesn’t seem like a good representation, I think it has capital gains wrapped in.
This source looks like it takes just the wages people are being paid, and it goes from $4.44 an hour in 1979 to $20.03 in 2024.
I remember checking a year or two ago that the median worker earned around $45k, with a bunch of financial sleight-of-hand making up the dofference between this and the per capita GDP.
fair, and the inflation number also includes a bunch of financial sleight-of-hand. i don’t think it includes healthcare, education, and housing, which have all grown significantly faster than the baseline inflation.
I hate this so fucking much. SO FUCKING MUCH.
The billionaire class are effectively at war with the US, destroying the people, their infrastructure, hospitals, education, welfare, basic rights, economy. Fuck, its the same as the dumbass war with Iran.
We can just replace the consumers with AI.
BlackRock CEO admits that capitalism destroyed everything.
One of the ads tied to the article’s “tips” is… crowdfunding a rental portfolio with Goldman Sachs:
Founded by former Goldman Sachs real estate investors, the team hand-picks the top 1% of single-family rental homes nationwide for you. In other words, you gain access to institutional-quality offerings for a fraction of the usual cost.
One of the most evil paragraphs ever written by man (or machine).
Actually, it gets worse:
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers. Here’s how
Are there ethical investments for communists because boy would i like to not work until i die but also boy i don’t want to be a smallholding landlord just to get a “pension”
Can you invest in China? Like a total market index fund with Chinese characteristics?
Investing in China is unlikely to have a good return due to risk of expropriation, government funding of projects based on public welfare rather than profit, and so on. I feel doing this would be too likely to result in basically no return on investment. To put it another way, return on investment depends directly on exploitation. I’d say also that there are definitely levels of evil you can reach while investing, being a landlord is not the absolute worst among them, because it mostly hurts pigs of imperial core in a way that is mostly non-lethal, so it is better than military contractors or tech companies on BDS list, but this is also reflected in the lower return on investment. The more you learn about this stuff the more you realize how it really is all drowning in blood.
sure, many companies offer stock to international investors and there are several funds focused on the chinese equity market. even blackrock has one. what they’ll be worth after xi presses the communism button is anyone’s guess, though.
Ermmm yes, but your investments probably won’t be “safe” there.
Oh yeah?
The thing is, we aren’t running out of greed or an obligation for companies to provide maximum profits to shareholders… WHICH IS WHY YOU NEED REGULATIONS AND REGULATORY BODIES ON CAPITALISM. Ayn Rand free markets will solve everything types are either deluded or complicit in the destruction of the nation happening now, and they are gonna be so mad and surprised when people start supporting their constant boogeymen, communism, socialism, democratic socialism, progressive democrats.
The pattern we’ve seen in the past is that they’ll then support fascism and paramilitaries to punish and take out the communists, then the socialists and the rest.
