Four decades of neoliberalism and neoliberal propaganda and most people seem to have forgotten (or spent their whole life never hearing about) the “small detail” that, unlike the way politicians spin it, The Economy is a means to an end, not an end in itself.
The objective is to have people in general have a better life, not to increase a grand-total when either it doesn’t even reflect economic improvement for people in average (for example, GDP goes up but population goes up faster, so it’s actually down per-capita), the improvement in the aggregated amount is so ill-distributed in practice that most people see none of it (or are even worse off) and only a few gain or it comes at a cost for other things which are more important for quality of life (for example, quality of life goes down due to Polution or increased insecurity).
A government that governs for The Good Of The Economy is not governing for the good of most people, it’s governing for some other group than “most people”, most likely those whose income comes from the ownership of Assets, since Asset values roughly go up with broad Economic growth whilst things like salaries do not.
Pretty sure from the peaks caused by Obama Era policy to the very massive economic downturn started very late into and following the Trump admin, but a lot of that is based on the Pandemic’s effects.
I’m the opposite of a Trump supporter, but
Idk if you understand this but the richest companies in America having record profits doesn’t mean the economy is doing well.
The economy isn’t doing well unless people are paid livable wages that allow them to circulate their money into the economy.
A bunch of rich fucks getting richer and sitting on the wealth like dragons is not a good economy.
Four decades of neoliberalism and neoliberal propaganda and most people seem to have forgotten (or spent their whole life never hearing about) the “small detail” that, unlike the way politicians spin it, The Economy is a means to an end, not an end in itself.
The objective is to have people in general have a better life, not to increase a grand-total when either it doesn’t even reflect economic improvement for people in average (for example, GDP goes up but population goes up faster, so it’s actually down per-capita), the improvement in the aggregated amount is so ill-distributed in practice that most people see none of it (or are even worse off) and only a few gain or it comes at a cost for other things which are more important for quality of life (for example, quality of life goes down due to Polution or increased insecurity).
A government that governs for The Good Of The Economy is not governing for the good of most people, it’s governing for some other group than “most people”, most likely those whose income comes from the ownership of Assets, since Asset values roughly go up with broad Economic growth whilst things like salaries do not.
It’s sad that people upvote you so much because I believe it can lead you to thinking you’re on to something.
Pretty sure from the peaks caused by Obama Era policy to the very massive economic downturn started very late into and following the Trump admin, but a lot of that is based on the Pandemic’s effects.
You are right. Taking credit for the other party’s reforms has been going on for so long it’s just taken for granted now.
You are 100% on 1 and 3. And I will believe 2 if you can prove it.
Compare April 2020 to January 2021. /J