U.S. stocks wobbled lower as Wall Street questioned whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way.
The truth is that the American economy is just stupid
Could have just said this. It was nonsensical from any perspective except “line must go up so the rich can get richer” for DECADES before the Mango Mussolini came along and made it too obvious to deny.
I suspect most people sense it’s “stupid” without really being interested in the subject, but I also think some lighter real economics context is important to understand how and why.
Degrowth addresses both biophysical limits and global inequality while rejecting neoliberal economics. Degrowth prioritizes grassroots initiatives in progressive socio-ecological goals, adhering to ecological limits by shrinking the human ecological footprint (See Differences from Mainstream Economics Below). It involves an equitable downscale in both production and consumption of resources in order to adhere to biophysical limits.
Could have just said this. It was nonsensical from any perspective except “line must go up so the rich can get richer” for DECADES before the Mango Mussolini came along and made it too obvious to deny.
I suspect most people sense it’s “stupid” without really being interested in the subject, but I also think some lighter real economics context is important to understand how and why.
OK. Name an economic system that does not depend on constant growth. I’ll wait patiently.
https://en.wikipedia.org/wiki/Steady-state_economy
https://en.wikipedia.org/wiki/New_neoclassical_synthesis
https://en.wikipedia.org/wiki/Ecological_economics