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> How people feel about the way democracy is working is strongly related to how they believe their economy is working. The chattering classes in the West have

by roenxi 2y ago

> How people feel about the way democracy is working is strongly related to how they believe their economy is working. The chattering classes in the West have completely taken their focus off raising living standards in favour of a number of other ideological goals. Energy and industrial policies across multiple democratic countries are in an absolute shambles to the point where we're being challenged by Russia of all countries. Over the past decades the US has adopted a strategy of printing money which is a very bad sign in a leading economic power. I can see why people would be dissatisfied by democracy right now; I certainly am. The leadership classes aren't focused on prosperity. I hope we stick with it though, it is still a better approach than the alternatives.

deleted 2y ago
[deleted]
voisin 2y ago
> Over the past decades the US has adopted a strategy of printing money The entire western world has adopted this strategy.
- imtringued 2y ago
  The people who complain about this are hypocrites. If they really, really cared about this, they would have rallied to fix this. Instead I see people so the opposite. A lot of them are spreading hate in the name of fighting imagined hate. The other ones are gold bugs or Bitcoiners, who prefer living off of working people's labor without contributing anything themselves.
  - roenxi 2y ago
    > The people who complain about this are hypocrites ... The other ones are gold bugs or Bitcoiners, who prefer living off of working people's labor without contributing anything themselves. It is a minor point, but that isn't hypocrisy. Having identified that the existing system is stupid and favours people who just sit in front of the money stream and kick back the most obvious strategy is to do exactly that. As a body they aren't the people writing the rules and the public at any time could demand that we all stop printing money and make the best strategy to work, save and accumulate capital.
  - wakawaka28 2y ago
    >The other ones are gold bugs or Bitcoiners, who prefer living off of working people's labor without contributing anything themselves. You're confusing speculators with people who just don't want to lose everything to inflation. Sound money is not a way to "get ahead"... At best you'll tread water. Crypto has almost all speculators and con artists. Gold and silver bugs are far more sober.
wakawaka28 2y ago
>Over the past decades the US has adopted a strategy of printing money which is a very bad sign in a leading economic power. Are you kidding? If you have to print unbounded money, your economy is shit. No country that has done that has remained a "leading economic power" for long. >I can see why people would be dissatisfied by democracy right now; I certainly am. Democracy (any flavor) vs other systems is a red herring. When shit isn't working people look at the wrong things. At the end of the day, they chose to buy cheap goods and import everything vs. a more balanced protectionist approach. We can point fingers at corporations profiting from that but they couldn't actually force people to destroy their own country. What I'm trying to say here is that no system of government can work if people are fundamentally unwise or immoral. An authoritarian system would not be better than what we have, because shit usually rises to the top.

by roenxi 2y ago

deleted 2y ago

[deleted]

voisin 2y ago

> Over the past decades the US has adopted a strategy of printing money The entire western world has adopted this strategy.

imtringued 2y ago
The people who complain about this are hypocrites. If they really, really cared about this, they would have rallied to fix this. Instead I see people so the opposite. A lot of them are spreading hate in the name of fighting imagined hate. The other ones are gold bugs or Bitcoiners, who prefer living off of working people's labor without contributing anything themselves.
- roenxi 2y ago
  > The people who complain about this are hypocrites ... The other ones are gold bugs or Bitcoiners, who prefer living off of working people's labor without contributing anything themselves. It is a minor point, but that isn't hypocrisy. Having identified that the existing system is stupid and favours people who just sit in front of the money stream and kick back the most obvious strategy is to do exactly that. As a body they aren't the people writing the rules and the public at any time could demand that we all stop printing money and make the best strategy to work, save and accumulate capital.
- wakawaka28 2y ago
  >The other ones are gold bugs or Bitcoiners, who prefer living off of working people's labor without contributing anything themselves. You're confusing speculators with people who just don't want to lose everything to inflation. Sound money is not a way to "get ahead"... At best you'll tread water. Crypto has almost all speculators and con artists. Gold and silver bugs are far more sober.

wakawaka28 2y ago

>Over the past decades the US has adopted a strategy of printing money which is a very bad sign in a leading economic power. Are you kidding? If you have to print unbounded money, your economy is shit. No country that has done that has remained a "leading economic power" for long. >I can see why people would be dissatisfied by democracy right now; I certainly am. Democracy (any flavor) vs other systems is a red herring. When shit isn't working people look at the wrong things. At the end of the day, they chose to buy cheap goods and import everything vs. a more balanced protectionist approach. We can point fingers at corporations profiting from that but they couldn't actually force people to destroy their own country. What I'm trying to say here is that no system of government can work if people are fundamentally unwise or immoral. An authoritarian system would not be better than what we have, because shit usually rises to the top.