BC ECONOMY
Saved by @Mollyycolllinss

"if you demand more pay, we will replace you with robots" is not a reason to pay people less than it costs them to work for you, it is a reason to have your corporation taken over by the state, or dismantle an unwilling state and rebuild one that does.

 corporations and governments are out here accelerating your deaths so they can monetize your remains while some of you assholes go "well $15 is too much"

$15 was insufficient 20 years ago, and it's insufficient now. pay people enough to feed their babies or they will kill you.
if people have nothing left to lose they will act like people with nothing left to lose

i cannot make it clearer than this
capitalism only "works" if you have enough police per so many thousand desperately poor individuals.

capitalism only "works" if you employ enough human beings to be the face of your blatant exploitation.

go ahead and automate and watch how fast people sabotage your shit.
if your government does not keep you fed, healthy, and safe, it has no reason to exist.

government - leadership of any kind, tbh - only exists to centralise the management of common needs, so we don't all have to individually scrabble to survive every day, on our own.
anyways communism works every time, on paper and in real life. communism has always worked.

what doesn't work is trying to use communism to take care of your people while hostile world capitalists make you waste money on weapons to stop them bombing your nation into glass.
every single time communism "doesn't work" it's because britain and america make 100% sure communist nations are impoverished in their own defense, and then they use that poverty as propaganda.

if communism doesn't work, why do you spend billions fighting it?
if communism DOESN'T WORK just leave it alone and let it fail

(it won't)
communism works and the reason why your government makes you pay to fight it is because if you actually find out it works, you will put them out of their parasitic jobs. and probably out a window.
hilariously, i am not a communist. i am ojibwe. i really want settlers to be healthy and safe and happy for your own sakes, but also to feel safe enough to give the land back.

even if communism happened tomorrow, there would still be a lot of treaties and work for everyone.
if you want to respond with a load of trash about how communism doesn't work, i will need you to do the work of calculating the GNI & military budget of every 'failed' communist state, and put the resulting money into education, housing, and agriculture
it's a lot less straightforward to do this with the USA, cos so much of your military budget is siphoned off by private US corporations. this has the effect of artificially boosting your economy and dollar without putting that wealth into circulation. it goes to investors.
nevertheless, every anti-communist creeping out from under a pile of nazi literature assures me they are very good at economic maths cos they are innate logicians, so i have faith you'll do the hard work to prove yourselves, and we can look at it together.
just kidding, anti-communism is based on a load of emotions about money, religion, and masculinity, and anyone who subscribes to it as somehow innately good and freeing can only protect their eggshell delusion by pretending poverty disqualifies people from understanding poverty.

More from Economy

Eric Basmajian
Eric Basmajian
@EPBResearch
Diminishing Marginal Returns

The productivity of our debt is collapsing and that is creating a major problem.

The problem is here now, and not in the future.

Here is why:

1)


Charted below is the increase in total debt and the increase in nominal GDP in the 8 quarters before each of the last six recessions.

In other words, how much did debt increase, and how much did GDP increase in the final two years of each economic expansion?

2)


As the chart shows, it is taking a larger amount of debt to increase GDP.

3)


Graphed another way, leading up to the 1980 recession it took about 1.94 dollars of debt to boost GDP by 1 dollar.

Leading up to the COVID recession saw debt increase nearly 6 dollars for each 1 dollar of GDP growth.

4)


Flipping the ratio shows the decline in the utility of debt.

We are only generating about 15-20 cents of growth for each dollar of debt.

This becomes a larger problem when we think about "growth rates" instead of nominal dollars.

5)
SOCIETY , ECONOMY
pete wolfendale
pete wolfendale
@deontologistics
I’m beginning to think that the left has been too obsessed with GDP as a broken economic metric governing the global shitshow, when inflation is more insidious. Deflation may be a more radical demand than degrowth. Burst bubbles. Deflate the price of fossil fuel infrastructure.

It’s amazing just how much political economy is still determined by the threat of stagflation. This has created a weird metonymy in which as long as you’re fight inflation (preserving the interests of (older) savers) you’re also fighting stagnation (supporting (younger) earners).

To some extent the residual fear of deflationary spirals lies behind this, waiting in the wings for any suggestion that stagnation must be fought with deflation. This is entirely understandable, as uncontrolled deflation hits the poorest hardest.

The assumption that conjoins these fears into an engine of unbridled economic stagnation is that there’s a unitary market effectively mediating between the markets in different sectors, be this unity micro-economic or macro-economic in flavour. But this just isn’t how it works.

There is so much more logistic friction in the price system than the popular story of just in time production suggests, not least in the concrete details of differentiated trade between economic actors from local businesses to nation states.
ECONOMY
Advertisement
Paul Goldsmith-Pinkham
Paul Goldsmith-Pinkham
@paulgp
My friend @itsafronomics wanted to know the breakdown of student debt by income, so I pulled data from the SCF.

Student debt is more concentrated amongst high earners, but disproportionately amongst Black borrowers. The plot below plots the average within Income Quartiles.
1/n


But those are the averages. What's the share that's above 10k? (This is the Biden current cutoff for debt forgiveness, so a useful benchmark).

For comparison, 20% of white Americans have student debt, and 31% of Black Americans.


Let's contrast that with say, above 20k. I was surprised at how high the share remains.


When we get to 50k of student debt, or more, we see it's only about 5% of the US, and around 8% of Black Americans. Strikingly, it's a huge share of high income Black Americans (this is a known fact in the education literature, I believe).


So what does this look like put together? Overall, we see a higher share of Americans with debt above 10k, and 20k. We would cover a decent amount with 10k, but miss Black Americans especially.
ECONOMY
Sargoon
Sargoon
@SargoonK
True that all the people cherishing the support of IMF or WTO for farm reforms need to cool it down a bit, because that is a model we do not want to emulate to the t in India here.

But here are some issues that deserve to be better discussed by all:


1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +

+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+

+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.

2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+

+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
ECONOMY
Emnet Negash
Emnet Negash
@emnet_negash
What happens with the limited volumes of food aid that are sent to Tigray?

Testimonies on aid to the war-affected Tigray &

Shire: 7 kg of wheat were required to sign for 15 kg. If they refused to sign for 15 kg they were denied the 7 kg

IDPs in Shire: Currently around 80 000 displaced Tigrayans in Shire, spread across three different schools

Addi Da’iro: “Residents were denied food aid after the inhabitants refused to appoint PP officials as administrators. The residents demanded the evacuation of Eritrean soldiers instead.”

Aksum: "I heard there have been food aid of 15 kg of grain per family, and only once. Neither I, nor my relatives have received aid. No idea about how many families received that 15 kg of food aid. How many days would that last? Who takes the rest? Of course, the Eritreans?”

Adwa: “Last time, they made us sign 15 kg while giving only 7 kg”.
ECONOMY

You May Also Like

Hypertroph | Fitness Coach
Hypertroph | Fitness C...
@CoachHypertroph
Transform your body in next 6 months.

People will charge INR 27,000+ for this course.

I am giving away the entire course for FREE:


Module 1:
Build your Fat Loss Diet Plan

· Step by Step Tutorial
· Length: 26

Module 2:
Learn how to easily track your calories/macros.

· Step by Step Tutorial
· Length: 17

Module 3:
Calculate how many weeks it will take to reach six pack.

. Math behind building six pack
· Length: 12

Module 4:
Learn how to Burn Belly Fat in 3 steps

· Science behind belly fat
· 100% Works
· Length: 15
WORKOUTS
Homestays & Villas
Homestays & Villas
@thehomestays
Best resort on the Ganga at Rishikesh
TRAVEL , TRAVELINDIA , PLACES 2TRAVEL
Advertisement
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Mangottu Bhagavathi Temple
#Palakkad #Kerala
#keralatemples 🚩

Mangottu Bhagavathi Temple is situated in Athipotta near Alathur of palakkad district. Devi is kshipraprasadi here and grants relief to those who worship with full faith.
Mookken Chathen, situated on the Northern 👇


side of the temple, is guarding Devi here.
Story says that, once there lived a weaver named Kuttan who was a Devi Bhaktan. During one festival time Kuttan was so pleased by the Devi Vigraham that he requested her to come along with him. At that time wind blew heavily and Cloths


in Vigraham flew. Kuttan immediately decorated Devi with his cloth which stuck to Vigraham and returned to his village and with his Umbrella. Devi came with him in that Umbrella and stayed in his place. This place is Mangottu Bhagavathi temple now.

Amme Narayana
🙏🕉🙏
ALL
Respectable Lawyer
Respectable Lawyer
@RespectableLaw
There's been a lot of talk about the missionary killed by the natives of North Sentinel Island. They're probably so aggressive because of this weirdo, Maurice Vidal Portman. So here's a big thread about this creep and some facts from my decade-long obsession with the island.


The Sentinelese are often described as “uncontacted,” but this not strictly true. They had a very significant contact in 1880 with Commander Portman.

Portman, the black sheep third son of some minor noble, was assigned by the English Royal Navy to administer and pacify the Andaman Islands, a job he pursued from 1880-1900 with the full measure of his own perversity.


Portman was erotically obsessed with the Andamanese, and he indulged his passion for photography by kidnapping members of various tribes and posing them in mock-Greek homoerotic compositions.


During his 20 years in a sexualized heart of darkness, Portman measured and cataloged every inch of his prisoner’s bodies, with an obsessive focus on genitals.
SOCIETY
Vibhu Vashisth \U0001f1ee\U0001f1f3
Vibhu Vashisth 🇮🇳...
@VIBHU_Tweet
VEDIC COSMOLOGY, also known as Hindu Cosmology, and cosmography are both interesting and inspiring. Today’s “modern” Vedic texts originated around 3,000 B.C.E. This is the oldest scientific and the oldest religious doctrine known to the human race.


Our current astronomy of the solar system and universe has its roots in Vedic knowledge. It only shows that man had advanced knowledge of astronomy way before our current civilization came into existence.
We are here to talk about the Vedic version of the planetary system,

starting at the top from the eternal planets to the temporary planetary system within innumerable universes in the material world.

Talking about “cosmic manifestation,” we need to incorporate both spiritual and material existence.


The spiritual realm of the planets is everlasting, and this will forever be beyond what the material universe can encapsulate. The spiritual realm belongs to the “super dimensional” or “anti-material” dimension. It means that it is beyond what we can perceive,


beyond time as a linear dimension, and the space of our vision and perception.

There are innumerable planets, all indestructible and forever lasting. That is what the Vedas say about the spiritual planets. Our concentration here is more towards the material side of things.
ALL