Comment on It's been downhill since 2020

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hector@lemmy.today ⁨6⁩ ⁨days⁩ ago

What we have now is capitalism, but it is other things as well. Some say late stage capitalism. It is a plutocracy. It is becoming even more of a kakistocracy, rule of the worst. It was borderline fascist and now becoming moreso.

We had capitalism in the 1950s through the 1970s, and we had a pretty prosperous society, for whatever faults the system had, anybody with a job could live a decent life, which is the overriding concern of everybody, not living in destitute poverty.

They have changed the way inflation is measured a number of times to understate it, and now we are compound fucked by 50 years.

Social Security checks would have been worth $1,200 more on average a month just in 2008 under the unchanged standard. We are getting robbed everyday by inflation and we believe the ivy league suits on TV that tell us our wages have never had more buying power.

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