Message from @ᴏᴠᴇʀꜱᴇᴇʀ ꜱᴛʀᴀꜱꜱᴇʀ
Discord ID: 688829419690918093
Basically when it no longer had workers at its economic base economic emperialism stepped in.
so people figured out its cheaper to use 3rd world labor.
Productivity?
It's been rising since forever.
No not really.
Whether it's labor or total factor productivity.
3rd world labour has been rising, US pretty much now just assmbles things not produces them.
Use of resources isnt domestic.
Most of the economy isn't physical production either, it's services.
Services are reliant on globalism and imports because domestic productivity has been replaced by economic imperialism.
Thats what im saying.
Global market economy.
Its interconnected without a solid base.
Yeah I have no issues with it.
I dont have either because it will lead to better things.
Then why do you think the US is declining?
USA as a country is, USA as interconected economy and monopoly isnt.
Stagnant inflation.
Stagnant inflation?
Are you saying pay is stagnant?
No, im saying more and more jobs are being reliant on global market economy, even tho domestic uneployment is low its not reliant on the country but the situation of the market.
And yes inflation is real.
Dollar isnt as much of worth as it used to be.
And prices are rising.
And if they are not rising you have a stock market crash where then the state goes "mmm money printer goes brrm brmmm"
Sure prices rise but incomes rise faster.
Depends on the sector, and due to the state not regulating the private property as much they regulate inflation it doesnt result in overall improvement.
Well as a whole, we can say incomes have increased.
Some sectors less, some more.
If prices increase by 10% and income by 5% its not a good situation, its more or less a sign of inflation.
Its just a way for the capitalist to cope.
Incomes have risen faster than prices.
I mean it will be more self evident after this whole trade war, russian oil and corona thing is over.
Russian oil?
If the prices rise by 10% lower class incomes rise by 5% and upper class incomes by 20% its an increase.
And due to the global market economy the capitalist use economic imperialism.
So its not much benefit to the state.
We can use median income too