Trump Says a Recession Would Be Worth It, but Economists Are Skeptical
www.nytimes.com
President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.
  • limer@lemmy.dbzer0.comEnglish
    79·
    1 day ago

    Not only economists, but everyone with awareness who uses logical thinking.

    Such headlines irritate me because it still offers a modicum of validity to crazy, upon casual reading.

    “Environmentalist disapprove of spraying cyanide on crops” would be a more obvious example.

    • supersquirrel@sopuli.xyz
      55·
      1 day ago

      Except that the ultra rich ARE fine with a serious recession, they WANT one so they can buy up shit for cheap and consolidate power.

      https://en.m.wikipedia.org/wiki/The_Shock_Doctrine

      The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls “disaster capitalism”. In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic “shock therapy” favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively.

      This is VERY rational from the perspective of the ultrawealthy (it is really the only strategy they actually want to use if possible) it is just murderous and cruel.

      The US economy is about to crash, this is the goal.

      • limer@lemmy.dbzer0.comEnglish
        19·
        1 day ago

        And they will get away with it if the majority of people still find themselves unable to act years from now.

        In this county, politics as normal has failed and cannot be redeemed at all. Something new has to happen; what I don’t know, a missing ingredient.

        • forrgott@lemm.ee
          13·
          1 day ago

          Somehow, I hope, even pray, that we will avoid a violent revolution. Which has got to sound just asinine, I know; but I figure Mango Mussolini is specifically trying to cause an uprising to give iron clad “justification” for implementing martial law (and cancelling elections, of course, for “security”).

          I dunno, I guess I’ve got this utterly foolish notion that if the mask off fascist society fails to “gel together”, we could, I dunno, have a relatively peaceful dissolution of the federal government, leaving each state it’s own nation. I do not want this, it’s a fucked up resolution that will still cause massive poverty and unrest.

          Better than being led into WW3 by a retarded Cheeto, however…😝