So I’m in the weird position or really, really liking the content of a post, but feeling compelled to downvote it because sir, this is a Wendy’s.
It’s 2023. If we start burning motherfuckers and taking their businesses there are going to be memes.
You’re not wrong, but this still isn’t one.
This is not a meme.
It should be.
Don’t let your dreams be memes
This would be a good post for microblog_memes
IIRC, the price cap on labor was to reduce workers from getting drawn to other companies that were paying higher wages. The idea was to make production predictable by keeping the limited labor force in place rather than having them be mobile. It led to the rise of benefits, like health insurance, being offered as part of total compensation packages since the extras weren’t capped. Effectively this was the start of insurance being tied to employment.
Law of unintended consequences hit us in a big way with this one.
And all of those policies were in the middle of a global war so I’m assuming wartime and peacetime economics is a little bit different.
In turn, insurance being tied to healthcare is the main reason why US citizens associate government funded health care with freeloaders. Essentially, at one point it meant you were not working in a society that greatly needed workers. I mean, there was also underline racism in only certain groups being selected for said jobs, but that’s an American standard.
They also capped the price of labor and banned strikes. All prices were controlled. Plus there was rationing. I believe you needed stamps to buy sugar, flour, and other things. Not food stamps, you still paid but you had a limit on the amount you could buy.
Which was reasonable?
With no control, a few could buy huge volumes to resell in the black market, just like what happened in the CoViD start with masks.
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Not a meme.
I felt like I was losing my mind screaming about all the things the government could of been doing during the insane covid era inflation. What Biden could of done instead of cranking up interest rates… but hey gotta turn the screws on all the poverty stricken folks with credit card debt so they can barely afford to live.
could have*
Nitpicking grammar isn’t just pretentious, it’s privileged. The validity of a statement is not determined by how expensive an education the writer’s parents provided them.
I never said their statement was less valid. Go make up things to be mad about somewhere else.
Wtf are you talking about? It’s not obscure grammar that you can only see in expensive textbooks. You just need to open your eyes.
Why are people so adamant about not being corrected?
Man like it’s just so simple like being corrected on an opinion or any observation and it’s just a simple switch from “of” to “'ve” like no one even has to beg for you to use the ’
Like sweet jesus man I don’t care if people have a different meaning now about this 🧢 that we put on our heads but man it’s such a simple thing to just swing a little bit to the side and use VE like you don’t even have to add a space man I just don’t understand the chaos I’m crying
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Could of not given a fuck less when I read this.
oof that’s certainly a way to react to being wrong and having someone provide a friendly correction, they didn’t call you a moron or anything
It’s almost like there’s people who don’t care about minor grammatic issues and are annoyed by people who think something hastily typed on a phone needs to be ready for publication.
Being willfully ignorant isn’t the flex you think it is.
Neither is going around correcting minor grammatical issues. It’s cute that you think that correcting something hastily typed on a cell phone needs to be corrected for grammar. You must have a rich and fulfilling life to go around grading comments on a internet forum.
Stay mad.
Just strongly believe people who do annoying bullshit need to be told to fuck off more often.
You mean like taking a correction personally? You’re acting like I slapped your mother.
Jesus this place is toxic
What should they have done instead?
Price controls as mentioned in the post, likely one of the most effective things. Aggressively prosecuting companies for price gauging would also send a clear message. When there’s a huge surge of unemployment and companies are making record profits for no reason other than greed there’s a lot of things that can be done but they aren’t “capitalism” so they’re bad.
If we’re staying closer to neolibralism than OPs post you seemingly refused to read; winfall tax, uae said tax revenue to provide inflation relief.
What should they of done*
The president doesn’t control interest rates (though they’d like to). The federal reserve bank independently decides interest rate changes to fulfill its dual mandate. Arguably, they should have started raising rates sooner, but the belief at the time was that inflation was transitory in nature. The executive branch could have tried to do more, but regulatory capture over the past decades has castrated the government’s ability to effectively control business (instead, the inverse is true: business controls government policy). Blaming the corrupt cogs (or, even worse, the “other team”) for a broken machine is useless. Instead, lose your mind screaming about all the things your local government should be doing, educate yourself and get involved in local politics, and start changing corrupt policies to rebuild from the bottom up. The other way is never going to happen, so all you’ll accomplish there is making yourself hoarse.
If you think the president isn’t heavily leaning on the fed and having a strong say in how interest rates go I’ve got a bridge to sell you.
Early in trump presidency when they should of been drastically cranking up interest rates. They stayed pretty fucking stable because the big orange turd threw a fit about them being raised. Biden could easily exert influence. The fed is way less indepent than it should be.
After 4 years of the fed making poor decisions at Trump’s direction, I’m totally fine with Biden being hands off and letting the experts turn the dials
Wrong community?
To be fair, we weren’t importing as many finished goods then, therefore we weren’t competing in a global marketplace. If prices stayed the same temporarily, it wasn’t a big deal.
Price controls cause shortages and rationing.
Edit: It’s a pretty well-known concept that price controls cause shortages. Look what happened to communism. They said there was no inflation and prices were fixed forever. If a liter of milk is set at 1 rubble, and farmers can’t make money at that price, milk selection reduces, or could even disappear.
Everybody in the supply chain has to make money, otherwise the chain breaks.
Price controls cause shortages and rationing.
Because toilet paper was price controlled during COVID, right?
No. Price controls don’t cause shortages. Price controls redistribute the burden of an existing shortage. Without price controls, shortages mean only poor people go without; with price controls, everyone shares in the burden.
Imagine there’s a shortage of toilet paper. In a capitalist market, if there’s a shortage, the price of the good goes up. This means rich people still have all the toilet paper they want, middle class people have to budget and go without other things to avoid toilet paper, and poor people can’t afford toilet paper at all.
There’s no rationing in capitalist markets, either, so people with enough capital can buy extra toilet paper to sell at a higher price, making it even harder for the middle class and the poor to afford toilet paper.
In other words, without price control, the burden of the shortage falls on the poor and middle class and gives wealthy capitalists an opportunity to expand their wealth at the expense of the poor.
And if you doubt that this happens look at how many small businesses Amazon pushed out of business during the lockdowns.
That’s what capitalism is. It’s not magic, it doesn’t create resources where none exist, it is a method of distributing scarce resources by prioritizing people who have the most resources already. Capitalism “solves” shortages by raising prices until enough poor people can’t afford the item that everyone else has enough. Capitalism is hateful, elitist, and contemptuous of basic human rights.
So we impose price controls and rationing. Everybody has less toilet paper. But everybody has some toilet paper. Instead of one part of society being immune from the shortage and one part of society having nothing, everyone shares in the burden.
And this is why our political and capitalist classes hate price controls. They think they should be above economic hardship. If they can’t get anything they want anytime they want, it means they’re just like poor people. And they’ll do anything to avoid that injury to their pride.
Thank you for coming to my TED talk.
Remember when the place for Memes had Memes instead of angry political rants? Pepperidge farm remembers.
Now that’s some “By the people, For the people” government I can agree with.
It was mostly to keep us from eating the rich, but there are ways to deal with uprisings now that didn’t exist then.
Eating the rich may still be the most effective method though.
It’s probably the only effective way.
I want my zuckerburger charbroiled.
What America actually looked like being great.
Back when we used to lynch black people for existing and beating women when they stepped out of line.🥰
Hey, wasn’t it cool when the government used to keep corporate greed in check?
Yeah, but some unmentioned and unrelated bad things that happened at literally every point in American history also happened at that time period too, so, fuck you, I’m just going to pretend your little ray of sunshine is actually an endorsement of those bad things, and insinuate that your point must be dismissed wholesale and without examination.
You’re only thinking of the Rose Colored America that only existed in advertised in billboards and movies.
Yes it is utterly impossible to think anything has gotten worse about this country, because some things have gotten better, what an excellent rebuttal.
And I’d say that the positives far outweigh the negatives, in regards to both Global and America. Overall, we’ve been moving upwards and forwards.
No, I’m thinking about how every time a worker even hints about a dream of putting a check on corporate power, someone magically appears to say, “Forget about the corporations, what you really need to be arguing about is race.” I have zero illusions of how fucked up American history is, or how little has actually changed in the intervening years. Or how many times your exact rhetorical tactic has been used to specifically undermine social and economic equity, not just for the working class, but for women and people of color in particular. Which keeps them the easy targets for violence and exploitation you’ve decided to insist OP is advocating for somehow. Nobody here is claiming racial or gender violence is right or good. One guy getting to enjoy a rare yay America moment doesn’t automatically imply a tacit endorsement of that violence. Insisting that it must be is such a classic chud tactic it makes me wonder if the whole point of this conversation is just so you have something to screenshot for your buddies over on TruthSocial.
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