• 0 Posts
  • 37 Comments
Joined 3 years ago
cake
Cake day: September 17th, 2023

help-circle
















  • Have you noticed how ancient religious texts like the Bible often heavily focus on financial themes, especially debt and inequality? This was long before capitalism existed. The existence of markets (capitalist or not) tends to lead to inequality. In fact, modern capitalist societies were the first to have the ability (though not necessarily the will…) to adequately address this issue using progressive taxation, as opposed to the older methods like the Jubilee, bans on usury, and later feudalism (all of which have severe drawbacks).



  • Coming out of the pandemic the US had one of the best looking economies.

    You sure about that? A devastating health care crisis with life expectancy of an African country, poverty and violent crime rates 5-10 times higher than many industrialized nations, an employment rate more than 10 percentage points below the top countries, rampant homelessness, a staggering prison population, massive public debt, crumbling democratic institutions…

    Above average, sure. The Trump admin made things significantly worse, sure. But if there ever was a time when the US had “one of the best-looking economies,” it was many decades ago.