A Boring Dystopia

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Despite economic growth, 70% of Americans believe the economy is getting worse (wtop.com)

submitted 3 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] bobthened@feddit.uk 35 points 3 months ago* (last edited 3 months ago) (1 children)

Because the measures that economists use to measure the economy are not relevant to regular people. GDP tells you nothing about living standards.

[–] xenoclast@lemmy.world 15 points 3 months ago* (last edited 3 months ago) (1 children)

Only getting better for the ultra wealthy. That's what the system is for and it's working better than it ever has.

If you think about. When capitalism is less capitalist is when regular people benefit. (Regulation, healthcare, free education)

Socialist American policies were the best.

[–] Buddahriffic@lemmy.world 2 points 3 months ago

I'd say even for the wealthy, their living standards aren't getting better. At their level of wealth, getting more either means number in accounts goes up if they are passive with it or power over others goes up if they are active with it.

But yeah, capitalism is for those with capital; it's right in the name.