Author Topic: Economics Culture  (Read 2426 times)

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Offline cybercoma

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Re: Economics Culture
« Reply #180 on: March 17, 2021, 10:27:08 am »
Has the pandemic done more to exacerbate wealth inequality than any other event in our lifetimes? 

If so, what can be done to change that?

 -k
Everything continues to compound from supply-side economics, to the savings & loans scandals, to the short-selling bullshit of 2008, and now the pandemic. If you were born in 1980 or later, you've been royally ****.

Offline eyeball

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Re: Economics Culture
« Reply #181 on: March 17, 2021, 12:42:14 pm »
Has the pandemic done more to exacerbate wealth inequality than any other event in our lifetimes? 
I certainly think it's underscored how more tilted the playing field is becoming as years go by.

Quote
If so, what can be done to change that?

 -k
Not much that I can see.  Around here affordable housing is an acute issue - there's virtually nothing available and when something does come up the selling price is usually higher than what's asked for. The availability of developable land is tight and building costs are anywhere from $300 - $400 a square foot so there's little to no pressure relief valve to be found there. The only change I can see that might alleviate this would be if 1st Nations around here made treaty lands available for long term lease but any discussion I'm aware of in that direction is about more high-end development as opposed to affordable housing.  The pandemic has clearly driven the cost of property up.
 
The numbers of people living/camping out on the old logging roads around here has gotten out of hand and gates to cut them off are going up.  It's like winding up a spring even tighter.

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #182 on: March 17, 2021, 04:16:25 pm »
Everything continues to compound from supply-side economics, to the savings & loans scandals, to the short-selling bullshit of 2008, and now the pandemic. If you were born in 1980 or later, you've been royally ****.

I think it goes back further.  If you're not a boomer you've been effed.  Middle-aged "deaths of despair" and whatnot.  Even some boomers i'm sure have been effed.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #183 on: March 17, 2021, 04:17:21 pm »
Has the pandemic done more to exacerbate wealth inequality than any other event in our lifetimes? 

If so, what can be done to change that?

 -k

I think 2008 was worse.  At least they bailed out regular people this time.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #184 on: March 17, 2021, 04:18:51 pm »
Part of me thinks if we weren't lucky as heck to be located right next to the US our economy would be a joke.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline waldo

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Re: Economics Culture
« Reply #185 on: April 09, 2021, 01:22:16 am »
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Offline cybercoma

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Re: Economics Culture
« Reply #186 on: April 09, 2021, 11:31:40 am »
AAA!?

That's impossible! Conservatives keep telling me that Trudeau has destroyed the economy!
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Offline wilber

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Re: Economics Culture
« Reply #187 on: April 09, 2021, 11:54:52 am »
A credit rating just measures ability to repay, it doesn't measure the impact of servicing debt on a society.
"Never trust a man without a single redeeming vice" WSC

Offline cybercoma

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Re: Economics Culture
« Reply #188 on: April 09, 2021, 12:09:52 pm »
A credit rating just measures ability to repay, it doesn't measure the impact of servicing debt on a society.
How do you suggest measuring the impact on society then?

Offline wilber

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Re: Economics Culture
« Reply #189 on: April 09, 2021, 01:50:08 pm »
How do you suggest measuring the impact on society then?


By the budget cuts and tax increases required in to service your debt in future. Lenders don't care as long as they believe you can pay.
"Never trust a man without a single redeeming vice" WSC

Offline cybercoma

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Re: Economics Culture
« Reply #190 on: April 09, 2021, 02:04:42 pm »
Budget cuts and tax increases are not the only way to service the debt. If economic output is increased, then the debt is more serviceable. But ain't nobody got time to explain that to you for the thousandth time.

Offline cybercoma

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Re: Economics Culture
« Reply #191 on: April 09, 2021, 02:08:49 pm »
Also, you do realize that the credit rating is based on the country's ability to service its debt, right?

Offline wilber

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Re: Economics Culture
« Reply #192 on: April 10, 2021, 09:03:40 am »
Budget cuts and tax increases are not the only way to service the debt. If economic output is increased, then the debt is more serviceable. But ain't nobody got time to explain that to you for the thousandth time.

Ya, the old debt to GDP thing. Unlimited growth to finance unlimited borrowing. The modern definition of living within your means.
"Never trust a man without a single redeeming vice" WSC

Offline eyeball

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Re: Economics Culture
« Reply #193 on: April 10, 2021, 10:01:39 am »
Ya, the old debt to GDP thing. Unlimited growth to finance unlimited borrowing. The modern definition of living within your means.
So limit growth.

Offline MH

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Re: Economics Culture
« Reply #194 on: April 10, 2021, 10:06:04 am »
So limit growth.

Can't be done.  You could more easily reframe economics to not count it somehow.