Q1: Trump starts #squidgame #tariff #tradewar.
Q2: China threatens US trade partners.
#Trump walks back #tariffs on #China
Nice try
$10 T in US market destruction to the #middleclass was for?
#premarket
#inflation
#recession
#investing
Q1: Trump starts #squidgame #tariff #tradewar.
Q2: China threatens US trade partners.
#Trump walks back #tariffs on #China
Nice try
$10 T in US market destruction to the #middleclass was for?
#premarket
#inflation
#recession
#investing
Meanwhile, in other news... note the #volatility index aka #fear index. This #criminal #administration is #destroying wealth, decimating lives of #middleclass #American families residual those living off their life's savings and investments. #impeach and #convict this #felon now.
I don't buy that #socdems are this naive.
I think they have too much invested in the current system & simply don't want a #revolution.
From my observations, the " #BreadTube" gang seem to all be upper, #middleclass kids.
Can Australia still afford the pub, our coffee addiction or Friday night takeaway? https://www.byteseu.com/939837/ #Australia #Beer #CoffeePrice #CostOfAParma #CostOfLiving #election #Inflation #MiddleClass #parmi #pint #takeaway #ThePub
Q: this #economic #system is #fucked
A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:
* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.
* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability
* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.
* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.
There are many alternative economic systems and theories that aim to address these issues, such as:
* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.
It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.
It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.
Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps
A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:
**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.
**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.
**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.
Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):
**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.
**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.
**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.
Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.
so the #AI CLEARLY has identified the problems that need fixing, now let's fix em
Day 20 cont ️
“A video shared thousands of times on a Chinese (#CCP) #SocialMedia platform claiming a re-elected #Albanese government would adopt “the far-left agenda” of the #Greens and potentially seize vacant homes was created by a member of a #WeChat group campaigning for the Liberal party in a marginal Melbourne seat.
The six-minute video, narrated by a woman who refers to herself as #AuntieGuoer, also claims any minority Albanese government that might rely on the Greens would “crackdown on the #MiddleClass” and lead to the #decline of “traditional #SocialStructures”.”
I see this is happening in the seat of #Aston and past Liberal seat of a political favourite of mine, #TudgyFudge Given the subject matter I’d lay a bet this is the work of ex AFP Officer, #SandraBourke and #MatthewSheahan who now has removed all biographic links. Why?
#AusPol / #Advance / #propaganda / #extremism / #ForeignInterference / #CounterDemocratic / #LNP / #Liberal / #Nationals <https://www.theguardian.com/australia-news/2025/apr/18/mandarin-wechat-video-labor-greens-election-claims-made-by-member-of-aston-liberal-party-campaign-group-melbourne-ntwnfb> / <https://www.advanceaustralia.org.au/time-to-put-the-greens-last>
https://www.resilience.org/stories/2025-04-17/how-eco-localism-differs-from-tariff-terrorism/
"…winners of the #globalization game include a growing global #billionaireclass and a fast-growing #middleclass in #China, #India, and other manufacturing hubs. Middle-class consumers around the world win by getting cheap goods. Corporations and investors reap a windfall.
However, society and nature are losers when globalization worsens #inequality while speeding up depletion and #pollution…"
When the pain becomes too much, I expect #Trump to announce special economic zones in the #US which will be free of #tariffs. Just for factories and international #trade. Garnished with #hyperbole.
He will keep #taxing the poor and #MiddleClass, but accommodations will be made for large #investors.
So says my crystal ball.
#Socialmedia - Hey why do you need interpersonal skills to gain attention of real people in rel life, look its cheaper here
#llm #chatgpt - Hey why do you need even the skill to ask questions from them , see its easier here, your life and hence time is meaningless anyway
#crypto - Hey why do you care about any real job or skills or even real money, look you re sad and in trouble. Come here, just keep giving us shoutouts without even thinking what it can possibly mean or cause
quote #NextBigThing unquote hey why do you need any experience to begin with , settle in this egg , if you want to see your generation to live.
A #billion f***ng people didn't have spare money for household expenditure.
Most of these re #middleclass who re risk averse by culture , besides basic humanity , whatever that many mean
[Sic]. #government report
But these people wont speak about it within themselves. Why ,?because it's a taboo to admit that despite doing anything better or worse, we re in same boat. Nothing changed it . not even #covid , they ll just shut up , shut other up , suffer and only get the audience for their #escapism and ignore the reality , but they won't get the spine just f****ng come out mutually and admit the fucking reality
#India
Former People Power Party leader Han Dong-hoon unveils '3·4·7' growth vision, aiming for AI leadership, $40,000 per capita income, and 70% middle class, emphasizing practical conservatism and economic growth.
#YonhapInfomax #HanDongHoon #PolicyVision #MiddleClass #AILeadership #EconomicGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58752
https://www.europesays.com/uk/7725/ 11 Things Middle-Class Families Waste Money On That Rich People Avoid #Business #Finance #FinancialConcerns #FinancialStability #MiddleClass #money #MoneyAdvice #PersonalFinance #SavingMoney #UK #UnitedKingdom #wealth #wealthy
This is a very good explanation of how the #inequality in the US results in trillions stolen from the #middleclass and how the top 1% has benefited to the detriment of everyone else. Even those close to the top are losing to the oligarchs.
“On average, extreme inequality is costing the median income full-time worker about $42,000 a year.”
A technical market Recession is two consecutive quarters of value destruction or "decline in earnings".
I agree with you that the US "#customer #economy" and the #middleclass have been in #Depression since #Covid.
Republicans talking up the strength of the #consumer to prevent panic selling #recession.
I don't like #Republicans label of "consumer" on the American customer. It's a way for corporate to devalue the #middleclass.
They don't even realize a "strong customer" would be due to the #Biden economy.
Then they blame Biden for the drop in market value.
Watching #Republicans twist themselves into pretzels and eat their own "economic analysis" is comical.
Clueless #bootlickers
#CNBC
#squakbox
Recently read this text from Solidarity Apothecary about burnout in organizing and the class perspectives therein - focusing on organizing with middle class.
It was an eyeopener for me, and now im curious about learning more about hidden privileges, feelings of natural entitlement.
Does anyone have short, practical resources about organizing and the class perspectives?
And how to open up for transformative praxis?