3 ms·
Typical corporatist hand-wavey economics bullshit. "Market forces" and a lack of regulation are precisely why we've ended up in this situation in the first plac
by rfwhyte 3y ago
Typical corporatist hand-wavey economics bullshit. "Market forces" and a lack of regulation are precisely why we've ended up in this situation in the first place, so yeah, great idea, let's just double down on letting corporations do whatever they want, I'm sure that will go great for... the corporations.
The increase of the M2 money supply is also completely irrelevant. Sure there's more "Money" floating around out there, but as with all other forms of wealth, the vast majority of it is concentrated in the pockets of relatively few wealthy individuals, not in the pockets of the many millions of regular folks who are actually buying diapers. Talking averages in the context of individual wealth and consumer spending is also utterly useless, as it would be far more useful to talk about the wealth and spending habits of the median consumer, but that would obviously show that the typical regular person living out here in the real world does not in fact have "40% more money" in their pockets to spend on diapers or groceries. If anything they have LESS money now than before all that new money flooded into the system, as the rich have gobbled up damn near the entirety of all that "New money" yet are still putting the screws the the masses with their shameless, greedy profiteering.