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How is the economy even functioning at this point? We have half of the country being unemployeed. I know that a lot of organizations are running on the bare min
by monksy 6y ago
How is the economy even functioning at this point? We have half of the country being unemployeed. I know that a lot of organizations are running on the bare minimum.. but this is extreme.
- munificent 6y agoWe're burning through savings, both personal and governmental.
- thewarrior 6y agoThat everyone needs to keep working to keep the economy going isn’t some law of physics. If the people producing agree to keep producing everyone can get what they need. Atleast in theory.
- headsupernova 6y agothis is the important realization from this time. This whole thing is made up - we can organize society around a model that isn't based on forcing people to work a (many times useless) job in order to eat food and sleep somewhere.
- thewarrior 6y agoYou’d think that’s obvious. But even with this pandemic making it almost crystal clear this seems too hard to accept for most people. Capitalism is almost a religion at this point.
- monksy 6y agoYou're going to get a depression. You have to have people that can afford to purchase those items that are produced.
- coliveira 6y agoThe media considers the stock market as "the economy". They would be in tears if the stock market had lost 50% of its value, but since the Fed is buying everything, there is this crazy idea that everything is fine.