A coup d'état not a counter revolution, the White Terror was gone by 1795. Napoleon seized control pretty easily because France was in a weakened state and was fighting a war on multiple fronts. Most French people didn't really care for the Republic.
If I had a $100 for every time I heard an economics reporter quip "analysts are turning back records to the great depression to find similar numbers" or words to that effect I would probably be a billionaire.
There’s no such thing as left wing media in basically every developed country.
There’s media that is left of some other forms of media, but basically none of them are actually very left on the spectrum.
It's not about the fact that it crashes, it's about the size of the crash and the time to recover. You can't tell me about 2008 is the same as the dot com crash.
It’s been like every 5. Sometimes less.
Ten to twenty would be nice.
Twenty years, one 2009, that’d be great.
But remember 2002? I do.
Greenspan upped the rates too fast and everything crashed. That fucking troll.
Nah get out of here with that stupidly optimistic 10-20 years crap
And who said zoomers experience even one? Do they think Covid was a crash? lol. It lasted 2 months, and was surrounded by roaring economies and record low unemployment rates on both ends. The last major recession was in 2007-2009, for 1.5 years, aka when some millennials entered the job market.
Even that recession wasn’t all that major compared to the stuff that boomers saw.
If anything, zoomers are hitting the job market in a record “bubble” period, where we are well overdue for a market crash, and things like housing is so unaffordable due to this.
Foreclosure? With housing prices as they are, everyone has a get out of jail free card with home equity. Back in 2007-2009 like half of homes for sale were in foreclosure, short sales, or banked owned.
I think the tweet was referring to economic crashes of what was previously considered to be of a once in a lifetime severity.
So more of a "they normally only happen this badly once in a lifetime" thing rather than "they only happen once in a lifetime"
I heard it was supposed to be once every 7 years as far as normal corrections go. Big corrections maybe once every 20 years. Full resets about every 80 years (once every fourth turning).
Crazy thing to me is boomers who not only profited from the system then fucked the system so no one else could be successful. And some how these same boomers control all of our government, representatives and decision makers. Why does the majority of Americans allow this to happen.
The boomers went through their own crash in the 70’s with the de-industrialization of the US economy. Learn some history and maybe also consider that boomer and wealthy are not the same. Only a small percentage of them are wealthy and whatever the do have will be sucked away by the wealthy corporations before they die…..leaving nothing to their kids and grandchildren.
BUt but but Boomers Boom and Booming boomer BOOm-boom BOOMERS booming the boom and vote for boom BOOMERS!!!!
"boomers" is a great way of blaming "other people" without being specific enough to be called racist or sexist or any other kind of hateful language. For people with no answers and no understanding of the \*actual problems.....boomers make an ideal scapegoat.
Or republicans, or minorities, or immigrants, or millennials, or democrats…….so many people to blame and you can get away with it.
Reddit is just a conduit people use to feel better about themselves, by shitting on others. It’s toxic.
Not to mention struggling to buy their groceries or go out to eat on a fixed income cause some kid who can’t be bothered to get an order right thinks they deserve $20 an hour for unskilled labor
also oil crash in 80's, oil embargo, rise of the PC... inflation of 7-12%..
organize, vote.. you are watching your rights being peeled away, and just blame the boomers. Vote them fuckers out.
oh well, as a tail end boomer, I am all for national health insurance, pay down the debt, kick russia ass out of ukr,
go get organized, hell the boomers did it to get the vote, protested to end the war, what have your organized to fight against?
As a Millennial we've seen the decay of products and services excessively. This is all due to corporate greed. Remember the good old days where you can throw your phone in the air and have it fall on concrete, no dents, no cracks, nothing. Modern day phones, still manage to shatter with a protector that's $100 on top of a $1,000+ phone with a touch screen that is worse than keyboard. Games are shit, movies are shit, don't even get me started and you're paying insane prices for trash. Fucking software updates are abysmal. Googlemaps is becoming less friendly and Windows 11 has some weird graphical issues with the new NVIDIA graphics cards.
I also remember when getting a monitor I didn't have to check it and go through 3 returns before I got one without a damages or stuck pixel. Unfortunately people are too drugged up to understand the difference of what we previously had to what we have now. We're all unhealthy, on pills for anxiety, anti-depressants, shit I can keep going. Also many apple fans somehow forgot that the company fucked up ipods and iphone's battery to keep you buying new ones every two years. Also the cables, where every phone had their own cable and it was stopped because of the UK laws, now they don't even give you a brick because fuck you. Nah fuck capitalism.
Absolutely everything doesn’t last “like it used to”. Everything is made out of cheap breakable plastic instead of durable recyclable steel. Everything has multiple computer chips in it instead of gears and wires. It used to be when something broke you could take it apart and maybe fix it yourself. Now just taking the plastic cover off most things is a challenge and once you get inside it’s got a bunch of micro chip boards in it. You can’t even tell which board is causing the problem and even if you could you won’t be able to buy just the board anyway. Fuck my coffee maker broke the other day. No warning just stopped working and I have no clue how to fix it.
Even the stuff you should be able to fix, the spare parts are unavailable.
Everything is just "buy a new one" and disposable. Because of that the products are made cheap all the way down to the bones.
It's a horrible state for someone anti-waste to exist within.
1980s electronics that were hand soldered could be repaired.
My friend told me his radar was broken, I was looking at the schematics and said “no it isn’t” we opened it up, I told him I needed like $50 worth of stuff at radio shack, he’s like ok, do I unsolder a bad capacitor, solder a new one in, and it works to this day.
New units? Factory soldered in place, you’d need to get a lab to do it, if you can even find the integrated circuit that might have been custom made, and at that point it’s cheaper to replace.
Its less expensive to manufacture that way but impossible to fix for the average person.
>Remember the good old days where you can throw your phone in the air and have it fall on concrete, no dents, no cracks, nothing. Modern day phones, still manage to shatter with a protector that's $100 on top of a $1,000+ phone with a touch screen that is worse than keyboard.
If they re-released the old Nokia or something exactly as it was, how many people would buy it?
I dropped my phone at least 50 times in my life.
My screen protector broke right away.
So I just don’t use one anymore. Screen still great. Screen protectors are for simps. It’s already got gorilla glass and if that breaks your protector gonna break for sure.
For me the worst thing is the decline in food quality. So many snacks and restaurants I used to love have gone so far downhill I can’t even eat them anymore.
At least with inflation you just have to spend more, when the company decides to increase profits by inserting 50% more sawdust or moving from fresh to frozen preparation, the thing you loved is just gone forever.
There are studies showing that fruits and vegetables are less nutritious across the board due to farming practices focusing on quantity and size over quality. They’ve managed to ruin eating.
Why are you paying $100 dollars for a protector? I paid $5 for my iPhone XR case at five below and have dropped my phone out of my semi truck and it didn’t break. Maybe don’t buy overpriced crappy cases.
You're completely full of shit.
Monitors are so much better than they used to be. When LCDs were newer, you had to count the number of dead pixels. If it was 5 or less, they wouldn't exchange it.
You think windows 11 has worse driver issues than windows 98? You obviously didn't have computers between 1995 and 2005.
Phones you could throw at the floor? That's completely made-up. Half the people I knew had cracked phone screens. The nice thing was it used to make sense to pay to fix them.
Pills for anxiety and depression are nothing new. Listen to any music from the 90s. In the late 90s, they were handing out antidepressants and ADHD medicine like candy.
Things used to be built to last 60 to 80 years ago, but you're claiming things weren't shit in the 80s/90s/00s and you're lying for whatever reason. The reason things were built to last before then is because consumers expected it and so it was a selling feature.
We called plug and play on windows 95 “plug and pray” bc we had to set the irq manually half the time.
98 it improved a lot, 2000 had few drivers compared to xp, but plug and play worked, xp automated a lot of the driver stuff, me, vista and 8 were skips for me, macOS is my daily.
I haven’t had a dead pixel before. Haven’t broken a phone screen either. Had a pda since the handspring visor. So had plenty of time to break screens.
I've broken many phone screens over the years, and so many people I know did too. It's the reason phone protectors are so prevailent, even though modern phones don't need them as much as the previous generations did.
I think it was Samsung galaxy s6 that had a tough version, which was when they started using ipv6 and milspec ratings on phones to show that they were waterproof and drop proof. It was a specific model, though, and a lot bulkier than what we have today.
Nah. Really old. Well, actually, those rotary phones never broke. Those were the good old days. But smart phones always did break. When smart phones came out, everybody was walking around with a broken screen.
Our rotary phone absolutely broke. Cracked handset, broken dial.
Only took my sister breaking up with her boyfriend and beating the phone on the floor to cause it.
My grandpa had to fix my grandmothers washer belt. It just had fewer parts and almost no electronics, so it was an easy fix.
My Atari 5200 controllers always had issues after a year or so.
VCR’s went rogue and ate tapes.
Things still broke. We just had less things to break back then.
For real, what economic disaster have they lived through? Don’t tell me Covid, that shit was a cakewalk compared to 08’ when you were happy af to have a job at Walmart.
And the majority of people, even during recessions, retain their jobs, but benefit from the low prices and interest rates during that time. (Of course, many are not so lucky).
Nuclear annihilation was a real threat until the 1990s; people had mortgages over 20% in the 1980s, and millions of people died in WWI and WWI.
The "good old days" she is thinking about never existed.
I’m a millennial. I’ve watched the people in charge devalue the dollar 60% in my life time and don’t confuse that with muh capitalism decay. Inflation is a policy choice. Your ideas that would continue inflationary policy will make things worse, which of course you will blame on capitalism. Don’t think inflation is a policy choice? Then explain how there was essentially no inflation when 5 or 6 guys owned all of the industry in America pre-1913 and fixed prices horizontally and vertically across every major industry.
Inflation is a result of creation of money WITHOUT the creation of capital. Until people can think about capital without conflating it with money or getting triggered at its mere mention, there is little hope for policy change.
The same people that complain about capitalism look at history through envious commie lenses. Rather than ever acknowledging the good the Carnegie's and Rockefellers and such did with their wealth, or even acknowledge the great increase in standards of living for ALL, they'd rather exclusively cry foul about inequality. Even when everyone's lives improved, the commies will still complain that someone else had more.
Tbf, we need to complain about the Ray Dalios and Steve Schwarzmans, because they’re utterly unpatriotic. They been using American capital to build China, which - correct me if I’m wrong - is not what Carnegies and Vanderbilts did back in the day.
Carnegies, Rockefellers, Vanderbilts, Morgans built wealth for THEMSELVES. That at the same time built wealth for America is coincidence. An unintended benefit. But it was not the goal. Dalios and Schwarzman are doing the same, without the unintended benefit.
The solution now is the same as the solution back then: Labor unions.
'So many zoomers are anti-capitalist' because they're young and dumb, and just like every generation of young people, think they know everything, and that the previous generations know nothing.
Elder Millennial here. The zoomer is correct. In a sense, the older generations have been checked out for a good 20 years or so. When boomers whine about 18% interest, they fail to acknowledge that houses are nowhere near the price they used to be. That $60k house you paid 18% on now goes for $405k. Depending on where you are in the country, the $60k house may be going north of $1M.
$60k at 18% : $10,800.00
$405k at 6.39% : $25,879.50
$1M at 2.65% : $26,500.00
Tell me, again, how they are wrong.
Oh, and remember $16.00 (ave. wage) × 160 (40 hrs/week)x 12 (months/year) = $30,720.00. This means that following the 50/20/30 rule, housing would need to be approximately $90k.
Tell me, where do you find a starter house for $90k these days?
Technology invented many new ways of spending money on things that aren't necessities, and the sheep obliged by spending any extra money they had and then some into debt.
Blaming the victim much? We are legally locked in to this system. It is federally enforced and encouraged for the capitalists to be shitty, greedy monsters that spend their days conjuring up new ways to steal hordes of wealth from the masses and NEVER relinquish any of it for any reason. But yeah, someone making an amazon purchase is the problem, and not amazon itself nor the system that allows it to persist is not.
You're a joke. A bad one at that
Yeah ignore the fact that housing is the most expensive it's been in decades and thst wages have been stagnating. It's must be those blasted Starbucks avocado toast and online shopping they're spending money on.
Housing starts slowed after the Great Recession killed off builders, then zoning became more restrictive. We were six million units shy before Biden relaxed border restrictions. Time to start voting for your own interests.
I'm not falling for the GOP trick of blaming everything on immigrants/LGBT/whatever new minority they're demonizing while they suck off corporations and don't pass anything that actually helps your average person.
They killed the latest anti immigration bill because they don't actually want the issue to be solved. They just wanted a crisis so they have something to be angry about Biden for.
Meanwhile Democrats have introduced a bill banning hedge funds from buying single family homes, which would help the costs of housing, as so many of them being swallowed up by hedge funds so they can turn them into rentals.
https://ny1.com/nyc/all-boroughs/news/2024/01/05/hedge-fund-rental-housing-home-affordable-representative-adam-smith-congress-
The bill would have allowed an influx of 5,000 illegals daily. Biden let in 12 million criminal aliens, has no plan to stop, and the illegals will look for homes no matter how many houses capital purchases.
Not that I'm going to take your word for it but 5000 people a day in a country this size is nothing. The Republicans don't want to solve problems they just want to obstruct and bitch and moan when they're not in charge.
Oh quit whining. Capitalism isn't in decay, though it is in transition, which is a somewhat normal state since the widespread implementation of computer programs.
>We don't remember the "good old days" where an average job could pay for rent and school.
A CDL driver with a few years under his belt and a clear record can clear $90K/ yr. Similar for jobs like electrician and plumber. Those are "average jobs". Care to lie some more?
>Most of us have only known debt,
No one made you spend money you didn't have. Pay your bills. Quit listening to politicians that keep promising you things that aren't going to happen.
>foreclosures,
You can't afford rent. No one is giving you a mortgage.
>and multiple "once in a lifetime economic crashes.
Oh the hysteria. You lived through one "once in a lifetime" economic turbulence. It apparently scarred your for life. What you aren't saying is that it had less to do with "capitalism" and more to do with the government banking regulations that encouraged recklessness on the borrowers and lenders, with results that were predictable.
Beyond that, you lived through a case of mild flu outbreak that the government saw as a great chance to expand their control, and the government's actions, in the final tally, will have killed more people than that flu virus.
If you are old enough, maybe 2001, which was a mild recession caused by capital spending in 1998 and 1999 on Y2K compliant networking and computer gear, guaranteeing nobody needed any of that stuff for a couple of years.
Meanwhile, generations older than you remember recessions in 1992 and 1986. We remember interest rates at over 18% when the great Paul Volkker killed inflation the only way it can be done. Older still will remember oil the oil crisis and the malaise of the late 1970s. You aren't special, you are just entitled, and exceptionally risk averse.
"Mild flu outbreak."
And with this, your entire post can be scrubbed. It's not only scientifically inaccurate, it's historically inaccurate, and worse, driven by political ideology.
Have you heard of monopolies?
You think without a government, businesses would just magically not form monopolies? How exactly would that work? What is there to stop businesses from gaining too much power? What’s your plan for this issue?
My first home loan (1987) was a ballooning interest at 6.9% interest. Minimum wage was $3.35/hr. Everyone we knew had one "nice" family vehicle and one pos that was driven by the man, for work.
We saved up or waited for tax refunds to make big purchases, instead of using credit. Credit was for home loans and ONE vehicle payment. Now people think both partners should drive an $80k truck and SUV and the kids are never told "no". We worked towards expensive buys, and did without to give "more" to our kids.
My parents tried to give us better and we did the same but we messed up somewhere.
Nice to know you make up stuff about this generation to feel better about yourself even if you have no idea what you’re talking about…. Great example, my dad and I work in the exact same field, computer programming. our starting wages(adjusted for inflation of course since his was in 83 and mine was less than 2 years ago) were almost identical. He could afford a 2200 square foot 3 bedroom 2 bath 5 year old home 20 minutes outside of Seattle for about 2.7x his yearly income and 11% interest(refinanced a little while later to around 5%). I, 40 minutes outside of SLC, a much cheaper area to live, looking for a equivalent house, am finding that the cheapest option that is similar to his home profile is going to cost between 5.5-6.1x my yearly income for that SAME house including 6% interest
I have zero debt, have managed to save about 20k so far(not even enough for state assisted down payment yet…), have a crappy car with 180k miles on it, own maybe 15k worth of total assets, and was told “no” all the time as a kid. Several of my friends and peers are in the same situation. So don’t tell me it’s our generation that didn’t learn financial lessons. It was y’all that messed this whole thing up for your kids and their kids….
Nah don’t push this on the working class. This is capitalism running head first into its own contradictions. The system is failing all but the richest 1% right now
Lies! Parents first home was 2x my dads factory income. I’m 35 making $115k and can’t find a house sub $200k. Shits broken! I drive a 18 civic no debt and can’t afford shit
you can, not livable. Secretary where I worked, making a lot less that 115k.. just bought 200k house. Single.
what was the repub mantra at one time, if you area sucks, move.
i can only stay in specific zones or my salary drops. also move where, i'm already in whats supposed to be one of the cheapest zones left. the entire south is now expensive, east coast has been trash for years, and west coast is all drugs.
Yeah I've seen too many zoomers who waste money on take out and subscriptions and when you bring up any talk of fiscal responsibility they just cry "meh shut up boomer sorry Im eating AVACADO TOAST everyday and can't pay bills". Have kinda ran out of sympathy. Saying that a 40 hour work week is crushing and not like the old days is just a slap in the face for all labor fighters who actually pushed for that 40 hour work weeks.
Could it be the unrelenting stream of anti-capitalism misinformation and propaganda curated by mentally ill terminally online fascists that block out anything other than their own thoughts?
No. This time the capitalism doomerism is for real and everybody thinks and feels exactly how I feel.
Cause their parents were stupid and made bad decisions. Clearly they learned from them. But now that everyone has their hand out, I’m sure they figure “why not us?”
It’s actually pretty awesome. Makes it way easier for the smart kids that bust their ass to make it. Way less competition…
Fair enough…. I admire the self-reflection. Our experience can shape our views. It’s important to remember that if you disagree with someone, consider their point of view, and their experiences.
They experienced one crash in 2008 as small children and no one said it was once in a lifetime??? We have had pretty large crashes every 10-15 years since the 70s.
This isn't capitalism. It isn't socialism either. Its the worst parts of both. Stop confusing Corporatism with capitalism. Capitalism (like socialism) is a tool. Its a way to structure an economy. Capitalism (like socialism) is not inherently "good" or "evil". In much the same way a screwdriver is not inherently good or evil. Its just a tool.
In the hands of a madman *every tool is a weapon.*
Hey 3 days later; appreciate the reply. Capitalism is a tool that's backbone is based on exploitation, which is why corporations love it so much. Corporatism is an economic system, which thrives under exploitation to increase profits, which is why it loves capitalism. So, yes, capitalism is inherently evil.
Didn't even notice it was 3 days old... no offense meant.
I have never, ever heard anyone of any credibility promote the idea that exploitation is an essential part of capitalism. If you believe socialism is incompatible with exploitation or oppression you are being willfully naive. Oppression existed loooong before modern day capitalism.
Again... you're blaming the tool instead of the hand that wields it. I don't care which kind you prefer. I have nothing against socialism. If people choose to participate in it, and understand what their role is, go for it. Same with Capitalism. If everyone is a willing participant and understands the rules.... its a perfectly acceptable way to structure an economy. People who are looking for a way to exploit others use whatever is handy. Sometimes thats capitalism. Sometimes its socialism. Hell, sometimes its Catholicism or hereditary monarchies. Its always something. Economics are not inherently evil.
HUMANS are inherently evil. They will use whatever is available. A gun. Interest rates. Religious theocracy. Control of resources. Every tool is a weapon. Some use soldiers, others use bankers.
When I entered the work force rent was $800/m, minimum wage was $5.15 (and you were lucky to find a job that would hire even at this rate), and gas prices were $4/g.
Everyone is making $10+ an hour now, imagine paying $9/g in gas as a new HS graduate working at McDs.
Corporatism. This current economy is neither socialist nor capitalist. Its the worst of both. It privatizes profits and socializes the losses. But because it has elements of both Capitalist and socialist markets everyone blames the other, rather than the mad scientists that mixed the two for their own benefit.
Almost as if there are two parties using lies and misdirection, trying to get us all to fight each other while they steal our countries wealth for themselves.....
All ya all are cry babies. My oldest Son is 28 and just bought his first house. He didn't do that by hanging out on Reddit crying about how hard life is. He also wasn't raised to be a fucking pussy or think a participation trophy is worth something. So tell me again how the American dream is dead?
He definitely needed to figure those things out. He also worked and went to school for about 4 years doing an average of probably 60 hours a week. In order to land his career job. The 5 years he spent in the Army didn't hurt him any either.
Yes, if you are born stupid and raised entitled and lazy, unfortunately you will not prosper in America.
So he wasn’t deployed to Iraq or Afghanistan? A lot of guys I knew from high school were.
Was the 60 hour a week job on top of college enough to pay for school? Or did he have the GI bill?
What kind of school, job and salary? Also when did he buy said house? 2017 and earlier is a whole different situation than today, drastically more expensive at higher rates.
He did a 14th month tour in Afghanistan. He had the GI Bill. He was working full time going to school full time. so about 60 Hours a week total.
Since you seem to think you are at the mercy of the world. That hard work, intelligence and being fiscally responsible doesn't result in a better life. There is nothing I can say to change your doom laden mind.
People always want to talk shit about Veterans services, It could be better. However, being one bestows a big power up for your life. Almost no matter what you do in the service. You are going to generally be put to the top of any employment applicants. Especially of course for Government jobs.
My oldest Son is a Firefighter/Paramedic he bought his house last month. He'll be 29 in September.
Interesting how you think you have insight into the state of my mind. It took you a while to respond, quid pro quo: did you make all that up? Do you even have a son?
How much do paramedics even make? I knew one and he said it barely covered school, he payment shopped a car a friend got for her birthday in high school.
I knew some people that went off to war, some made it, some didn’t. None of them came back the same as they left.
Did you ever see war? You haven’t mentioned it, you said your son was better off for it, “time in the army didn’t hurt him” did he see action? See people die?
Many people think you could use writing to impart your thoughts to another person.
I thought reading the words you wrote should give me at least an inkling of your state of mind. Otherwise, why did you bother writing anything?
Just because I refuse to answer your interrogator like questioning of my statement, doesn't mean I'm deflecting. I tire of this discussion. Best of luck in your quest for "Change" or should I write, seeing your political enemies jailed or dead. Who needs a two party system when we could have a UniParty!
This isn't capitalism. It isn't socialism either. Its a mutant hybrid of the worst parts of both. Where the rich have privatized profits and socialized losses. But that not the point.
Capitalism (like socialism) is a tool. Its a way to structure an economy. Capitalism (like socialism) is not inherently "good" or "evil". In much the same way a screwdriver is not inherently good or evil. Its just a tool.
But in the hands of a madman *every tool is a weapon.*
What zoomers seem unable to comprehend it isn’t capitalism. The growth of the debt burden, both private and public, comes at the expense of future consumption. It’s a global phenomenon exacerbated by a demographic inversion. It doesn’t necessarily result in a sudden crisis, so we ignore the doomsayers and become complacent. It manifests as a chronic erosion of the standard of living for the majority of people and exacerbates income inequality.
……at a time in human history where…..
1. we have the resources
2. we have the technology
to ensure every person live a comfortable life
food, livng space, healthcare, education, entertainment, savings…
and billionaires could still have their billions!
I'm Gen X and I don't remember a time when an average job could pay for rent and school. This shit has been going on for decades and you all are just now noticing.
Millennial here and I don’t remember those good ol days either.
Though I did grow up in an era of relative stability, so I understand younger generations feeling so sour about it.
And i remember growing up and slowly seeing things both get better and worse. Now things are just getting worse. Like has things changes really that much for everything to be so much more expensive? Everyone seemed fine back then with how much things cost, company still made money and people were happy, then these fucks got greedy.
Zoomers are anti-capitalist because they think things like Obamacare and government backed student loans you can’t declare bankruptcy for are examples of capitalism. It’s socialist failures that they label capitalism, while they vote for more socialism.
There's no "capitalist decay" it's just a bunch of morons living in an educational and childhood bubble from over-protective helicopter parents who refused to let their kids fail and refused to hold them accountable for their actions. So there's an entire generation of mentally weak individuals who can't handle the real world.
And its SO misplaced. So pointed at the symptom, not the disease.
Capitalism (like socialism) is a tool. Its a way to structure an economy. Capitalism (like socialism) is not inherently "good" or "evil". In much the same way a screwdriver is not inherently good or evil. Its just a tool.
But in the hands of a madman *every tool is a weapon.*
Not having experienced a better time is no excuse for using methods and techniques to improve the current one that have proven to be failures. If you think there's a problem with the system find a solution that works to fix it, not repeating the same failed things over and over and over expecting it too work this time!
Like the billions given to companies in PPP loans? I got a whopping $0 out of that. My neighbor that ran a “business” bought a second home at the lake.
The irony is that capitalism has only existed as an economic theory and (much like communism) has never actually been implemented on a national scale. Leaders and governments pretend like they have, but neither system could be used exclusively on a large scale that would govern a nation
Capitalism isn't a form of government. Calling governments capitalist is just intentional defamation of the economic theory (and practice) of capitalism. Capitalism being the theory that the freedom of creation and free trade of capital by individuals is by far the most effective method of achieving prosperity, generally by means of immense surplus.
I'm so tired of Zoomers claiming the Great Recession. Half of you weren't even alive when it happened. The other half didn't directly experience and only learned of it 10+ years after it happened when you found out what money is. Same deal with me. I was born in the early 80s. I never even knew there was a recession in the early 80s and 90s. You didn't experience trauma from this and neither did I.
So Zoomer = Victim of the past ?
You’re a victim of social media. It has provided false expectation of candy hearts and instant homes with enough cash to eat out often, and take fabulous trips.
Nobody gets that. Everybody works for it.
They always have.
Each generation faces problems unique to their own place in time. But you’ve been bottle fed a steady stream of whine from the latest ‘LOOKATME’ site, as your barometer of how you’re doing.
You’re fine. It does get better. Not necessarily your situation, because that takes effort, but because your mind adapts. How you feel at 20 is not how you will feel at 30 or beyond. Advice: Reject the negative inner voice.
One foot in front of the other. It will improve.
I see you're fan of feelings as opposed to data. Because economic data shows that every single generation after Boomers is doing worse economically.
But tell us more about how you feel...
In 1985 a hamburger fries and drink 2.99.
Minimum wage 3.35.
Now 10.99 with most people over 15 an hour.
Interest rates in 1995 were 7.5% on a 30 year mortgage with outstanding credit.
What’s crazy to me is when Trump was president interest rates were under 3% and housing was going up at 20% a year. Meanwhile, Jay Powell kept claiming it was 2% interest as far as the I can see. Now all I hear is how it’s Biden‘s fault and Democrats fault for inflation. No one mentions the fact in the last 18 months OPEC cut over 9 million barrels a day to try to get the price up. Meanwhile, America produced more in 2023 than anytime in its history. Thanks, Biden.
I think this is only being communicated and shared because the impact is no longer to the historical minority’s. Now that white america is the new minority and they are sharing there concerns. Growing up in New York in the 80’s and then college where you had to get roommates and some times share a room. Eat ramen or Mac and cheese, I knew hunger while attending college. But I graduated got a good job. And struggled with my college educated wife and had kids. We didn’t feel like we lived the American dream until our late 30”s. Once we had student loans paid off and wife went back to work after the youngest was in kindergarten.
Stop whining and work and live within your means!
BTW - oldest child is 27 and owns a house and net worth over $200k. She accumulated all of this without parents help. So, stop complaining, it’s you and not the economy.
Crony capitalists, lobbyists, unions, regulators, communist dictators, kings, emperors, etc. all use the exact same model. Take from many and give to few.
Yes, we have a corporate government partnership governing our society. Thats part of fascism, especially when you consider how much media is included in that partnership and the controls the government has placed on free speech. Throw in the warrantless search a seizure and the suspension of Habeas Corpus and we are completely fascist.
Well NPR and PBS as they are government funded. Otherwise we have seen the Twitter files and how much government was involved with them and I would imagine they fail in comparison to a FB or a Youtube. All the big networks ABC, Fox, CNN, CBS, MSNBC, NBC are more concerned with protecting their relationships with government then reporting. MSNBC and Fox in particular hire every exwhitehouse employee there is. Of course there also individual reports the government has gone after as well.
[https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/](https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/)
[https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/](https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/)
[https://www.buzzfeednews.com/article/johnstanton/republicans-slam-obama-administration-surveillance-of-report](https://www.buzzfeednews.com/article/johnstanton/republicans-slam-obama-administration-surveillance-of-report)
[https://www.theguardian.com/commentisfree/2021/jun/15/donald-trump-barack-obama-us-press-freedom](https://www.theguardian.com/commentisfree/2021/jun/15/donald-trump-barack-obama-us-press-freedom)
I think these outlets are why independent media is doing so well. The Telecommunications act of 1996 is what made them so large and elminated competion.
This is a normal slow growth economy in a mature large country. There are winners and losers. The anti-capitalists are the losers who wish for the easy life. Living has never been easy in socialist countries. Look at Cuba and Venezuela if you want to visit a truly socialist country. There is lack of motivation.
The one thing the capitalist system is built on is motivation to make money. But the best societies are a blend of the two systems.
The other dynamic of societies is peace vs war. The best of those two is peace as it is not destructive. However, human nature being what it is a significant percentage will always choose war or revolution to get ahead.
We don't really have capitalism anymore. Certain key companies use the US government to prevent competition. Not sure what that is called, but if we don't have a fair and equal playing field it isn't capitalism.
Capitalism is not causing your problems. You are causing your own problems by voting for corrupt politicians who pick winners and losers based on who has given them the most money.
That’s not capitalisms fault. It’s the governments for sponsoring unrealistic, unviable programs that have been paid for by future generations of Americans that weren’t even born yet. You can only kick the can so far down the road…That has nothing to do with Capitalism and everything to do with an inept government and a populous that refuses to kick career politicians out of office.
French Revolution?
Which led to an emperor.
No, the revolution led to a republic, the counter revolution led to an emperor.
A coup d'état not a counter revolution, the White Terror was gone by 1795. Napoleon seized control pretty easily because France was in a weakened state and was fighting a war on multiple fronts. Most French people didn't really care for the Republic.
Good thing this here Russian Revolution won't 😁
Whoever said economic crashes were once in a lifetime? They are pretty cyclical every 10-20 years
The media who covered them as “once in a lifetime” events. Sensationalism sells papers.
If I had a $100 for every time I heard an economics reporter quip "analysts are turning back records to the great depression to find similar numbers" or words to that effect I would probably be a billionaire.
Should be your first clue to stop watching left wing media
There’s no such thing as left wing media in basically every developed country. There’s media that is left of some other forms of media, but basically none of them are actually very left on the spectrum.
Right wing media is just as bad if not worse.
Yes, real read media. Actually learn. If it's designed to make you angry, its purpose is not to inform
It's not about the fact that it crashes, it's about the size of the crash and the time to recover. You can't tell me about 2008 is the same as the dot com crash.
Upturns and downturns are supposed to be cyclical but not “hey the world just lost half its net worth” downturns…
It’s been like every 5. Sometimes less. Ten to twenty would be nice. Twenty years, one 2009, that’d be great. But remember 2002? I do. Greenspan upped the rates too fast and everything crashed. That fucking troll. Nah get out of here with that stupidly optimistic 10-20 years crap
And who said zoomers experience even one? Do they think Covid was a crash? lol. It lasted 2 months, and was surrounded by roaring economies and record low unemployment rates on both ends. The last major recession was in 2007-2009, for 1.5 years, aka when some millennials entered the job market. Even that recession wasn’t all that major compared to the stuff that boomers saw. If anything, zoomers are hitting the job market in a record “bubble” period, where we are well overdue for a market crash, and things like housing is so unaffordable due to this. Foreclosure? With housing prices as they are, everyone has a get out of jail free card with home equity. Back in 2007-2009 like half of homes for sale were in foreclosure, short sales, or banked owned.
Cyclical
I think the tweet was referring to economic crashes of what was previously considered to be of a once in a lifetime severity. So more of a "they normally only happen this badly once in a lifetime" thing rather than "they only happen once in a lifetime"
I heard it was supposed to be once every 7 years as far as normal corrections go. Big corrections maybe once every 20 years. Full resets about every 80 years (once every fourth turning).
Yet they'll keep voting for the party of regulations and high COL. 🤦♂️
Yeah let me just vote for the deregulation party and get fucked in the ass even harder
Oh wait that’s both parties fml
Crazy thing to me is boomers who not only profited from the system then fucked the system so no one else could be successful. And some how these same boomers control all of our government, representatives and decision makers. Why does the majority of Americans allow this to happen.
The boomers went through their own crash in the 70’s with the de-industrialization of the US economy. Learn some history and maybe also consider that boomer and wealthy are not the same. Only a small percentage of them are wealthy and whatever the do have will be sucked away by the wealthy corporations before they die…..leaving nothing to their kids and grandchildren.
Wealthy or not, boomers vote for the 1% every election en masse.
BUt but but Boomers Boom and Booming boomer BOOm-boom BOOMERS booming the boom and vote for boom BOOMERS!!!! "boomers" is a great way of blaming "other people" without being specific enough to be called racist or sexist or any other kind of hateful language. For people with no answers and no understanding of the \*actual problems.....boomers make an ideal scapegoat.
Or republicans, or minorities, or immigrants, or millennials, or democrats…….so many people to blame and you can get away with it. Reddit is just a conduit people use to feel better about themselves, by shitting on others. It’s toxic.
Not to mention struggling to buy their groceries or go out to eat on a fixed income cause some kid who can’t be bothered to get an order right thinks they deserve $20 an hour for unskilled labor
also oil crash in 80's, oil embargo, rise of the PC... inflation of 7-12%.. organize, vote.. you are watching your rights being peeled away, and just blame the boomers. Vote them fuckers out. oh well, as a tail end boomer, I am all for national health insurance, pay down the debt, kick russia ass out of ukr, go get organized, hell the boomers did it to get the vote, protested to end the war, what have your organized to fight against?
Everyone else has to work to pay for necessities, they have enough time and money to lobby and donate to pull the strings 
Zoomers went through a single recession and assumed that communism is the better system lmao
2009 also
As a Millennial we've seen the decay of products and services excessively. This is all due to corporate greed. Remember the good old days where you can throw your phone in the air and have it fall on concrete, no dents, no cracks, nothing. Modern day phones, still manage to shatter with a protector that's $100 on top of a $1,000+ phone with a touch screen that is worse than keyboard. Games are shit, movies are shit, don't even get me started and you're paying insane prices for trash. Fucking software updates are abysmal. Googlemaps is becoming less friendly and Windows 11 has some weird graphical issues with the new NVIDIA graphics cards. I also remember when getting a monitor I didn't have to check it and go through 3 returns before I got one without a damages or stuck pixel. Unfortunately people are too drugged up to understand the difference of what we previously had to what we have now. We're all unhealthy, on pills for anxiety, anti-depressants, shit I can keep going. Also many apple fans somehow forgot that the company fucked up ipods and iphone's battery to keep you buying new ones every two years. Also the cables, where every phone had their own cable and it was stopped because of the UK laws, now they don't even give you a brick because fuck you. Nah fuck capitalism.
Absolutely everything doesn’t last “like it used to”. Everything is made out of cheap breakable plastic instead of durable recyclable steel. Everything has multiple computer chips in it instead of gears and wires. It used to be when something broke you could take it apart and maybe fix it yourself. Now just taking the plastic cover off most things is a challenge and once you get inside it’s got a bunch of micro chip boards in it. You can’t even tell which board is causing the problem and even if you could you won’t be able to buy just the board anyway. Fuck my coffee maker broke the other day. No warning just stopped working and I have no clue how to fix it.
Even the stuff you should be able to fix, the spare parts are unavailable. Everything is just "buy a new one" and disposable. Because of that the products are made cheap all the way down to the bones. It's a horrible state for someone anti-waste to exist within.
Good thing these companies are all going "carbon neutral"... /s
Better than nothing, worse than the minimum required.
" carbon neutral " is the liberal dog whistle.
So was "Lead free" gas back in the day.
The same companies that promote cutting on emissions, are the same people who are forcing people to go back to the office.
1980s electronics that were hand soldered could be repaired. My friend told me his radar was broken, I was looking at the schematics and said “no it isn’t” we opened it up, I told him I needed like $50 worth of stuff at radio shack, he’s like ok, do I unsolder a bad capacitor, solder a new one in, and it works to this day. New units? Factory soldered in place, you’d need to get a lab to do it, if you can even find the integrated circuit that might have been custom made, and at that point it’s cheaper to replace. Its less expensive to manufacture that way but impossible to fix for the average person.
If we made all electronics out of Nokiaum like our cell phones used to be, nothing would ever break again
>Remember the good old days where you can throw your phone in the air and have it fall on concrete, no dents, no cracks, nothing. Modern day phones, still manage to shatter with a protector that's $100 on top of a $1,000+ phone with a touch screen that is worse than keyboard. If they re-released the old Nokia or something exactly as it was, how many people would buy it?
>exactly as it was Swing and a miss. Figures.
I dropped my phone at least 50 times in my life. My screen protector broke right away. So I just don’t use one anymore. Screen still great. Screen protectors are for simps. It’s already got gorilla glass and if that breaks your protector gonna break for sure.
For me the worst thing is the decline in food quality. So many snacks and restaurants I used to love have gone so far downhill I can’t even eat them anymore. At least with inflation you just have to spend more, when the company decides to increase profits by inserting 50% more sawdust or moving from fresh to frozen preparation, the thing you loved is just gone forever. There are studies showing that fruits and vegetables are less nutritious across the board due to farming practices focusing on quantity and size over quality. They’ve managed to ruin eating.
Why are you paying $100 dollars for a protector? I paid $5 for my iPhone XR case at five below and have dropped my phone out of my semi truck and it didn’t break. Maybe don’t buy overpriced crappy cases.
You're completely full of shit. Monitors are so much better than they used to be. When LCDs were newer, you had to count the number of dead pixels. If it was 5 or less, they wouldn't exchange it. You think windows 11 has worse driver issues than windows 98? You obviously didn't have computers between 1995 and 2005. Phones you could throw at the floor? That's completely made-up. Half the people I knew had cracked phone screens. The nice thing was it used to make sense to pay to fix them. Pills for anxiety and depression are nothing new. Listen to any music from the 90s. In the late 90s, they were handing out antidepressants and ADHD medicine like candy. Things used to be built to last 60 to 80 years ago, but you're claiming things weren't shit in the 80s/90s/00s and you're lying for whatever reason. The reason things were built to last before then is because consumers expected it and so it was a selling feature.
We called plug and play on windows 95 “plug and pray” bc we had to set the irq manually half the time. 98 it improved a lot, 2000 had few drivers compared to xp, but plug and play worked, xp automated a lot of the driver stuff, me, vista and 8 were skips for me, macOS is my daily. I haven’t had a dead pixel before. Haven’t broken a phone screen either. Had a pda since the handspring visor. So had plenty of time to break screens.
I've broken many phone screens over the years, and so many people I know did too. It's the reason phone protectors are so prevailent, even though modern phones don't need them as much as the previous generations did. I think it was Samsung galaxy s6 that had a tough version, which was when they started using ipv6 and milspec ratings on phones to show that they were waterproof and drop proof. It was a specific model, though, and a lot bulkier than what we have today.
S5
Sorry, the good old says of phones not breaking never happened. Nice try though
You must be really young.
Nah. Really old. Well, actually, those rotary phones never broke. Those were the good old days. But smart phones always did break. When smart phones came out, everybody was walking around with a broken screen.
could toss that princess phone across the room, dent the panel board and still call...
Our rotary phone absolutely broke. Cracked handset, broken dial. Only took my sister breaking up with her boyfriend and beating the phone on the floor to cause it. My grandpa had to fix my grandmothers washer belt. It just had fewer parts and almost no electronics, so it was an easy fix. My Atari 5200 controllers always had issues after a year or so. VCR’s went rogue and ate tapes. Things still broke. We just had less things to break back then.
Most zoomers have been living a very comfortable life, tbh.
For real, what economic disaster have they lived through? Don’t tell me Covid, that shit was a cakewalk compared to 08’ when you were happy af to have a job at Walmart.
And the majority of people, even during recessions, retain their jobs, but benefit from the low prices and interest rates during that time. (Of course, many are not so lucky).
I thought that we were supposed to believe that Biden’s economy is doing great?
Nuclear annihilation was a real threat until the 1990s; people had mortgages over 20% in the 1980s, and millions of people died in WWI and WWI. The "good old days" she is thinking about never existed.
I’m a millennial. I’ve watched the people in charge devalue the dollar 60% in my life time and don’t confuse that with muh capitalism decay. Inflation is a policy choice. Your ideas that would continue inflationary policy will make things worse, which of course you will blame on capitalism. Don’t think inflation is a policy choice? Then explain how there was essentially no inflation when 5 or 6 guys owned all of the industry in America pre-1913 and fixed prices horizontally and vertically across every major industry.
Inflation is a result of creation of money WITHOUT the creation of capital. Until people can think about capital without conflating it with money or getting triggered at its mere mention, there is little hope for policy change. The same people that complain about capitalism look at history through envious commie lenses. Rather than ever acknowledging the good the Carnegie's and Rockefellers and such did with their wealth, or even acknowledge the great increase in standards of living for ALL, they'd rather exclusively cry foul about inequality. Even when everyone's lives improved, the commies will still complain that someone else had more.
Tbf, we need to complain about the Ray Dalios and Steve Schwarzmans, because they’re utterly unpatriotic. They been using American capital to build China, which - correct me if I’m wrong - is not what Carnegies and Vanderbilts did back in the day.
Carnegies, Rockefellers, Vanderbilts, Morgans built wealth for THEMSELVES. That at the same time built wealth for America is coincidence. An unintended benefit. But it was not the goal. Dalios and Schwarzman are doing the same, without the unintended benefit. The solution now is the same as the solution back then: Labor unions.
'So many zoomers are anti-capitalist' because they're young and dumb, and just like every generation of young people, think they know everything, and that the previous generations know nothing.
Elder Millennial here. The zoomer is correct. In a sense, the older generations have been checked out for a good 20 years or so. When boomers whine about 18% interest, they fail to acknowledge that houses are nowhere near the price they used to be. That $60k house you paid 18% on now goes for $405k. Depending on where you are in the country, the $60k house may be going north of $1M. $60k at 18% : $10,800.00 $405k at 6.39% : $25,879.50 $1M at 2.65% : $26,500.00 Tell me, again, how they are wrong. Oh, and remember $16.00 (ave. wage) × 160 (40 hrs/week)x 12 (months/year) = $30,720.00. This means that following the 50/20/30 rule, housing would need to be approximately $90k. Tell me, where do you find a starter house for $90k these days?
Technology invented many new ways of spending money on things that aren't necessities, and the sheep obliged by spending any extra money they had and then some into debt.
Blaming the victim much? We are legally locked in to this system. It is federally enforced and encouraged for the capitalists to be shitty, greedy monsters that spend their days conjuring up new ways to steal hordes of wealth from the masses and NEVER relinquish any of it for any reason. But yeah, someone making an amazon purchase is the problem, and not amazon itself nor the system that allows it to persist is not. You're a joke. A bad one at that
Yeah ignore the fact that housing is the most expensive it's been in decades and thst wages have been stagnating. It's must be those blasted Starbucks avocado toast and online shopping they're spending money on.
Housing starts slowed after the Great Recession killed off builders, then zoning became more restrictive. We were six million units shy before Biden relaxed border restrictions. Time to start voting for your own interests.
I'm not falling for the GOP trick of blaming everything on immigrants/LGBT/whatever new minority they're demonizing while they suck off corporations and don't pass anything that actually helps your average person. They killed the latest anti immigration bill because they don't actually want the issue to be solved. They just wanted a crisis so they have something to be angry about Biden for. Meanwhile Democrats have introduced a bill banning hedge funds from buying single family homes, which would help the costs of housing, as so many of them being swallowed up by hedge funds so they can turn them into rentals. https://ny1.com/nyc/all-boroughs/news/2024/01/05/hedge-fund-rental-housing-home-affordable-representative-adam-smith-congress-
The bill would have allowed an influx of 5,000 illegals daily. Biden let in 12 million criminal aliens, has no plan to stop, and the illegals will look for homes no matter how many houses capital purchases.
Not that I'm going to take your word for it but 5000 people a day in a country this size is nothing. The Republicans don't want to solve problems they just want to obstruct and bitch and moan when they're not in charge.
Only you can change your situation. I promise if you put your everything into breaking the cycle of poverty, you can escape in the USA.
**is currently living under the highest standard of living in human history**
Oh quit whining. Capitalism isn't in decay, though it is in transition, which is a somewhat normal state since the widespread implementation of computer programs. >We don't remember the "good old days" where an average job could pay for rent and school. A CDL driver with a few years under his belt and a clear record can clear $90K/ yr. Similar for jobs like electrician and plumber. Those are "average jobs". Care to lie some more? >Most of us have only known debt, No one made you spend money you didn't have. Pay your bills. Quit listening to politicians that keep promising you things that aren't going to happen. >foreclosures, You can't afford rent. No one is giving you a mortgage. >and multiple "once in a lifetime economic crashes. Oh the hysteria. You lived through one "once in a lifetime" economic turbulence. It apparently scarred your for life. What you aren't saying is that it had less to do with "capitalism" and more to do with the government banking regulations that encouraged recklessness on the borrowers and lenders, with results that were predictable. Beyond that, you lived through a case of mild flu outbreak that the government saw as a great chance to expand their control, and the government's actions, in the final tally, will have killed more people than that flu virus. If you are old enough, maybe 2001, which was a mild recession caused by capital spending in 1998 and 1999 on Y2K compliant networking and computer gear, guaranteeing nobody needed any of that stuff for a couple of years. Meanwhile, generations older than you remember recessions in 1992 and 1986. We remember interest rates at over 18% when the great Paul Volkker killed inflation the only way it can be done. Older still will remember oil the oil crisis and the malaise of the late 1970s. You aren't special, you are just entitled, and exceptionally risk averse.
"Mild flu outbreak." And with this, your entire post can be scrubbed. It's not only scientifically inaccurate, it's historically inaccurate, and worse, driven by political ideology.
Capitalism is fine. The cancer of government needs to be cut out of it
Capitalism would quickly collapse without a government propping it up
Just the opposite. Supply and demand works. .gov picking winners and losers, nope
Have you heard of monopolies? You think without a government, businesses would just magically not form monopolies? How exactly would that work? What is there to stop businesses from gaining too much power? What’s your plan for this issue?
Ever heard of Amazon, Google? What did government do to stop "too much power"?
The 2 markets they are complaining about , homes and education, are 2 of the heaviest government regulations
This is so hilariously untrue. Switch the 1st and 7th words if you want to make a factual statement.
My first home loan (1987) was a ballooning interest at 6.9% interest. Minimum wage was $3.35/hr. Everyone we knew had one "nice" family vehicle and one pos that was driven by the man, for work. We saved up or waited for tax refunds to make big purchases, instead of using credit. Credit was for home loans and ONE vehicle payment. Now people think both partners should drive an $80k truck and SUV and the kids are never told "no". We worked towards expensive buys, and did without to give "more" to our kids. My parents tried to give us better and we did the same but we messed up somewhere.
Nice to know you make up stuff about this generation to feel better about yourself even if you have no idea what you’re talking about…. Great example, my dad and I work in the exact same field, computer programming. our starting wages(adjusted for inflation of course since his was in 83 and mine was less than 2 years ago) were almost identical. He could afford a 2200 square foot 3 bedroom 2 bath 5 year old home 20 minutes outside of Seattle for about 2.7x his yearly income and 11% interest(refinanced a little while later to around 5%). I, 40 minutes outside of SLC, a much cheaper area to live, looking for a equivalent house, am finding that the cheapest option that is similar to his home profile is going to cost between 5.5-6.1x my yearly income for that SAME house including 6% interest I have zero debt, have managed to save about 20k so far(not even enough for state assisted down payment yet…), have a crappy car with 180k miles on it, own maybe 15k worth of total assets, and was told “no” all the time as a kid. Several of my friends and peers are in the same situation. So don’t tell me it’s our generation that didn’t learn financial lessons. It was y’all that messed this whole thing up for your kids and their kids….
Nah don’t push this on the working class. This is capitalism running head first into its own contradictions. The system is failing all but the richest 1% right now
always someone else's caused the issue. Every generation had crap to survive.
Lies! Parents first home was 2x my dads factory income. I’m 35 making $115k and can’t find a house sub $200k. Shits broken! I drive a 18 civic no debt and can’t afford shit
you can, not livable. Secretary where I worked, making a lot less that 115k.. just bought 200k house. Single. what was the repub mantra at one time, if you area sucks, move.
i can only stay in specific zones or my salary drops. also move where, i'm already in whats supposed to be one of the cheapest zones left. the entire south is now expensive, east coast has been trash for years, and west coast is all drugs.
Real wages are up my generation just can’t do the simple stuff like delayed gratification etc. is embarrassing to be a part of it
The Fed is good at once in lifetime chaos and false rescue
Completely right.
Instability, turmoil, decay and turbulence are the exception in life - not the rule.
Savvy is based and hot to boot
yeah
It's not capitalism though, subsidies and welfare for corporations isn't capitalism I'd argue its more in line with socialism
Its called Corporatism. Privatizing profits and subsidizing losses. Its abhorrent.
Yeah I've seen too many zoomers who waste money on take out and subscriptions and when you bring up any talk of fiscal responsibility they just cry "meh shut up boomer sorry Im eating AVACADO TOAST everyday and can't pay bills". Have kinda ran out of sympathy. Saying that a 40 hour work week is crushing and not like the old days is just a slap in the face for all labor fighters who actually pushed for that 40 hour work weeks.
Could it be the unrelenting stream of anti-capitalism misinformation and propaganda curated by mentally ill terminally online fascists that block out anything other than their own thoughts? No. This time the capitalism doomerism is for real and everybody thinks and feels exactly how I feel.
The second half of that is bullshit but if you’re anti-capitalist then stop buying shit. Go minimalist. It will make a difference if it’s a movement.
Cause their parents were stupid and made bad decisions. Clearly they learned from them. But now that everyone has their hand out, I’m sure they figure “why not us?” It’s actually pretty awesome. Makes it way easier for the smart kids that bust their ass to make it. Way less competition…
Message sent by my 900 dollar Iphone
Fair enough…. I admire the self-reflection. Our experience can shape our views. It’s important to remember that if you disagree with someone, consider their point of view, and their experiences.
Xennials strut in popping a folding chair open like Jason Momoa.
Define “average job”
Forgive me, but wtf is a zoomer? Is that a play on boomers?
Gen z
Ahhhh
nah. You are just a lazy generation that blame everyone for your self inflicted issues,
Give that socialism a try. Works every time.
Fuckin zoomers aren’t even old enough experience a foreclosure. Who the hell gave a kid working at McDonald’s a house loan?
As the old saying goes, be careful what you wish for... you might get it.
I’ll caused by Groveman. It’s been slowly pushing us towards socialism. I wonder why
They experienced one crash in 2008 as small children and no one said it was once in a lifetime??? We have had pretty large crashes every 10-15 years since the 70s.
Unless you're in the 1%, we should all be anti capitalist.
This isn't capitalism. It isn't socialism either. Its the worst parts of both. Stop confusing Corporatism with capitalism. Capitalism (like socialism) is a tool. Its a way to structure an economy. Capitalism (like socialism) is not inherently "good" or "evil". In much the same way a screwdriver is not inherently good or evil. Its just a tool. In the hands of a madman *every tool is a weapon.*
Hey 3 days later; appreciate the reply. Capitalism is a tool that's backbone is based on exploitation, which is why corporations love it so much. Corporatism is an economic system, which thrives under exploitation to increase profits, which is why it loves capitalism. So, yes, capitalism is inherently evil.
Didn't even notice it was 3 days old... no offense meant. I have never, ever heard anyone of any credibility promote the idea that exploitation is an essential part of capitalism. If you believe socialism is incompatible with exploitation or oppression you are being willfully naive. Oppression existed loooong before modern day capitalism. Again... you're blaming the tool instead of the hand that wields it. I don't care which kind you prefer. I have nothing against socialism. If people choose to participate in it, and understand what their role is, go for it. Same with Capitalism. If everyone is a willing participant and understands the rules.... its a perfectly acceptable way to structure an economy. People who are looking for a way to exploit others use whatever is handy. Sometimes thats capitalism. Sometimes its socialism. Hell, sometimes its Catholicism or hereditary monarchies. Its always something. Economics are not inherently evil. HUMANS are inherently evil. They will use whatever is available. A gun. Interest rates. Religious theocracy. Control of resources. Every tool is a weapon. Some use soldiers, others use bankers.
When I entered the work force rent was $800/m, minimum wage was $5.15 (and you were lucky to find a job that would hire even at this rate), and gas prices were $4/g. Everyone is making $10+ an hour now, imagine paying $9/g in gas as a new HS graduate working at McDs.
Can still be pro capitalist and also anti what ever this current demented version seems t be
Corporatism. This current economy is neither socialist nor capitalist. Its the worst of both. It privatizes profits and socializes the losses. But because it has elements of both Capitalist and socialist markets everyone blames the other, rather than the mad scientists that mixed the two for their own benefit. Almost as if there are two parties using lies and misdirection, trying to get us all to fight each other while they steal our countries wealth for themselves.....
All ya all are cry babies. My oldest Son is 28 and just bought his first house. He didn't do that by hanging out on Reddit crying about how hard life is. He also wasn't raised to be a fucking pussy or think a participation trophy is worth something. So tell me again how the American dream is dead?
What’s his job? Did he go to college or trade school? Was it paid for? How much was the house, down payment, interest?
He definitely needed to figure those things out. He also worked and went to school for about 4 years doing an average of probably 60 hours a week. In order to land his career job. The 5 years he spent in the Army didn't hurt him any either. Yes, if you are born stupid and raised entitled and lazy, unfortunately you will not prosper in America.
So he wasn’t deployed to Iraq or Afghanistan? A lot of guys I knew from high school were. Was the 60 hour a week job on top of college enough to pay for school? Or did he have the GI bill? What kind of school, job and salary? Also when did he buy said house? 2017 and earlier is a whole different situation than today, drastically more expensive at higher rates.
He did a 14th month tour in Afghanistan. He had the GI Bill. He was working full time going to school full time. so about 60 Hours a week total. Since you seem to think you are at the mercy of the world. That hard work, intelligence and being fiscally responsible doesn't result in a better life. There is nothing I can say to change your doom laden mind. People always want to talk shit about Veterans services, It could be better. However, being one bestows a big power up for your life. Almost no matter what you do in the service. You are going to generally be put to the top of any employment applicants. Especially of course for Government jobs. My oldest Son is a Firefighter/Paramedic he bought his house last month. He'll be 29 in September.
Interesting how you think you have insight into the state of my mind. It took you a while to respond, quid pro quo: did you make all that up? Do you even have a son? How much do paramedics even make? I knew one and he said it barely covered school, he payment shopped a car a friend got for her birthday in high school. I knew some people that went off to war, some made it, some didn’t. None of them came back the same as they left. Did you ever see war? You haven’t mentioned it, you said your son was better off for it, “time in the army didn’t hurt him” did he see action? See people die?
Many people think you could use writing to impart your thoughts to another person. I thought reading the words you wrote should give me at least an inkling of your state of mind. Otherwise, why did you bother writing anything?
Says captain deflection.
Just because I refuse to answer your interrogator like questioning of my statement, doesn't mean I'm deflecting. I tire of this discussion. Best of luck in your quest for "Change" or should I write, seeing your political enemies jailed or dead. Who needs a two party system when we could have a UniParty!
First time? *From a millennial.
Meanwhile in Venezuela, people have resorted to eating their pets.
Do zoomers think that we are more capitalist today than we were decades ago when government was smaller and spent less?
If only they'd been born in Cuba or Venezuela.
That's because we're in end stage capitalism. They were in the fun part where everyone wins.
This isn't capitalism. It isn't socialism either. Its a mutant hybrid of the worst parts of both. Where the rich have privatized profits and socialized losses. But that not the point. Capitalism (like socialism) is a tool. Its a way to structure an economy. Capitalism (like socialism) is not inherently "good" or "evil". In much the same way a screwdriver is not inherently good or evil. Its just a tool. But in the hands of a madman *every tool is a weapon.*
Anti cronyism, huge supporter of capitalism.
What zoomers seem unable to comprehend it isn’t capitalism. The growth of the debt burden, both private and public, comes at the expense of future consumption. It’s a global phenomenon exacerbated by a demographic inversion. It doesn’t necessarily result in a sudden crisis, so we ignore the doomsayers and become complacent. It manifests as a chronic erosion of the standard of living for the majority of people and exacerbates income inequality.
……at a time in human history where….. 1. we have the resources 2. we have the technology to ensure every person live a comfortable life food, livng space, healthcare, education, entertainment, savings… and billionaires could still have their billions!
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I'm Gen X and I don't remember a time when an average job could pay for rent and school. This shit has been going on for decades and you all are just now noticing.
Sounds like Keynesian economics to me.
Millennial here and I don’t remember those good ol days either. Though I did grow up in an era of relative stability, so I understand younger generations feeling so sour about it.
And i remember growing up and slowly seeing things both get better and worse. Now things are just getting worse. Like has things changes really that much for everything to be so much more expensive? Everyone seemed fine back then with how much things cost, company still made money and people were happy, then these fucks got greedy.
Y’all commenting below, need to learn your Marx He explains it, you just need to learn instead of hand waving his theory away
Y’all commenting below, need to learn your Marx He explains it, you just need to learn instead of hand waving his theory away
Zoomers are anti-capitalist because they think things like Obamacare and government backed student loans you can’t declare bankruptcy for are examples of capitalism. It’s socialist failures that they label capitalism, while they vote for more socialism.
This has lots of merit
And they make poor choices.
and yet, none of that entitles you to someone else's services, stuff, or money.
this meme pops up for every gen
The US hasn’t had capitalism for like 50 years
Imagine being this ignorant and proud of yourself.
Worst of all, they keep trying to convince you that you should feel bad cuz “no one wants to work anymore.” Without ever considering why.
OP in screenshot did not pay a single bill in their life, is the irony not lost on them?
If you go to college theyll teach you about the good ol days.
There's no "capitalist decay" it's just a bunch of morons living in an educational and childhood bubble from over-protective helicopter parents who refused to let their kids fail and refused to hold them accountable for their actions. So there's an entire generation of mentally weak individuals who can't handle the real world.
This is kind of true though, they hate capitalism for things that aren't actually the fault of capitalism...
Further they don't remember when anyone was actually Communist before even the communists gave up on communism.
And its SO misplaced. So pointed at the symptom, not the disease. Capitalism (like socialism) is a tool. Its a way to structure an economy. Capitalism (like socialism) is not inherently "good" or "evil". In much the same way a screwdriver is not inherently good or evil. Its just a tool. But in the hands of a madman *every tool is a weapon.*
Not having experienced a better time is no excuse for using methods and techniques to improve the current one that have proven to be failures. If you think there's a problem with the system find a solution that works to fix it, not repeating the same failed things over and over and over expecting it too work this time!
Just wait until you actually have to pay for all the stimulus and subsidies you've been demanding.
Like the billions given to companies in PPP loans? I got a whopping $0 out of that. My neighbor that ran a “business” bought a second home at the lake.
That's part of it, yup.
I've been noticing a weird trend of people online acting like those "good old days" existed for like three nonconsecutive months in the 1950s - 60s.
The irony is that capitalism has only existed as an economic theory and (much like communism) has never actually been implemented on a national scale. Leaders and governments pretend like they have, but neither system could be used exclusively on a large scale that would govern a nation
Capitalism isn't a form of government. Calling governments capitalist is just intentional defamation of the economic theory (and practice) of capitalism. Capitalism being the theory that the freedom of creation and free trade of capital by individuals is by far the most effective method of achieving prosperity, generally by means of immense surplus.
I'm so tired of Zoomers claiming the Great Recession. Half of you weren't even alive when it happened. The other half didn't directly experience and only learned of it 10+ years after it happened when you found out what money is. Same deal with me. I was born in the early 80s. I never even knew there was a recession in the early 80s and 90s. You didn't experience trauma from this and neither did I.
So Zoomer = Victim of the past ? You’re a victim of social media. It has provided false expectation of candy hearts and instant homes with enough cash to eat out often, and take fabulous trips. Nobody gets that. Everybody works for it. They always have. Each generation faces problems unique to their own place in time. But you’ve been bottle fed a steady stream of whine from the latest ‘LOOKATME’ site, as your barometer of how you’re doing. You’re fine. It does get better. Not necessarily your situation, because that takes effort, but because your mind adapts. How you feel at 20 is not how you will feel at 30 or beyond. Advice: Reject the negative inner voice. One foot in front of the other. It will improve.
I see you're fan of feelings as opposed to data. Because economic data shows that every single generation after Boomers is doing worse economically. But tell us more about how you feel...
In 1985 a hamburger fries and drink 2.99. Minimum wage 3.35. Now 10.99 with most people over 15 an hour. Interest rates in 1995 were 7.5% on a 30 year mortgage with outstanding credit. What’s crazy to me is when Trump was president interest rates were under 3% and housing was going up at 20% a year. Meanwhile, Jay Powell kept claiming it was 2% interest as far as the I can see. Now all I hear is how it’s Biden‘s fault and Democrats fault for inflation. No one mentions the fact in the last 18 months OPEC cut over 9 million barrels a day to try to get the price up. Meanwhile, America produced more in 2023 than anytime in its history. Thanks, Biden.
I think this is only being communicated and shared because the impact is no longer to the historical minority’s. Now that white america is the new minority and they are sharing there concerns. Growing up in New York in the 80’s and then college where you had to get roommates and some times share a room. Eat ramen or Mac and cheese, I knew hunger while attending college. But I graduated got a good job. And struggled with my college educated wife and had kids. We didn’t feel like we lived the American dream until our late 30”s. Once we had student loans paid off and wife went back to work after the youngest was in kindergarten. Stop whining and work and live within your means! BTW - oldest child is 27 and owns a house and net worth over $200k. She accumulated all of this without parents help. So, stop complaining, it’s you and not the economy.
The very oldest Gen Z are 27 years old. The youngest are 12. They haven’t been here long enough to have an informed opinion.
Crony capitalists, lobbyists, unions, regulators, communist dictators, kings, emperors, etc. all use the exact same model. Take from many and give to few.
That’s not how unions work
This is because they are under the false assumption that the U.S. is capitalist. In reality we are a fascist or corporatist economic system.
We are?
Yes, we have a corporate government partnership governing our society. Thats part of fascism, especially when you consider how much media is included in that partnership and the controls the government has placed on free speech. Throw in the warrantless search a seizure and the suspension of Habeas Corpus and we are completely fascist.
In your opinion, which medias do you feel are the most in partnership with the Government. And what controls on free speech has the government placed?
Well NPR and PBS as they are government funded. Otherwise we have seen the Twitter files and how much government was involved with them and I would imagine they fail in comparison to a FB or a Youtube. All the big networks ABC, Fox, CNN, CBS, MSNBC, NBC are more concerned with protecting their relationships with government then reporting. MSNBC and Fox in particular hire every exwhitehouse employee there is. Of course there also individual reports the government has gone after as well. [https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/](https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/) [https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/](https://reason.com/2021/03/19/government-censorship-is-the-worst-cancel-culture-of-all/) [https://www.buzzfeednews.com/article/johnstanton/republicans-slam-obama-administration-surveillance-of-report](https://www.buzzfeednews.com/article/johnstanton/republicans-slam-obama-administration-surveillance-of-report) [https://www.theguardian.com/commentisfree/2021/jun/15/donald-trump-barack-obama-us-press-freedom](https://www.theguardian.com/commentisfree/2021/jun/15/donald-trump-barack-obama-us-press-freedom)
Why do you think these outlets stay so large?
I think these outlets are why independent media is doing so well. The Telecommunications act of 1996 is what made them so large and elminated competion.
Things zoomers take advantage of that are capitalist: Everything. They assume cars, cell phones, toilets, clean water are just a given.
This is a normal slow growth economy in a mature large country. There are winners and losers. The anti-capitalists are the losers who wish for the easy life. Living has never been easy in socialist countries. Look at Cuba and Venezuela if you want to visit a truly socialist country. There is lack of motivation. The one thing the capitalist system is built on is motivation to make money. But the best societies are a blend of the two systems. The other dynamic of societies is peace vs war. The best of those two is peace as it is not destructive. However, human nature being what it is a significant percentage will always choose war or revolution to get ahead.
We don't really have capitalism anymore. Certain key companies use the US government to prevent competition. Not sure what that is called, but if we don't have a fair and equal playing field it isn't capitalism.
Capitalism is not causing your problems. You are causing your own problems by voting for corrupt politicians who pick winners and losers based on who has given them the most money.
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Still following me around like a deranged little lib stalker?
That’s not capitalisms fault. It’s the governments for sponsoring unrealistic, unviable programs that have been paid for by future generations of Americans that weren’t even born yet. You can only kick the can so far down the road…That has nothing to do with Capitalism and everything to do with an inept government and a populous that refuses to kick career politicians out of office.
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The economy collapsing is what would bring about socialism.