FakeNewsForDogs [he/him]

  • 0 Posts
  • 40 Comments
Joined 2 years ago
cake
Cake day: August 2nd, 2022

help-circle








  • How do you not see how gladio ties into this? It was basically the US changing sides in a war in Europe that never really ended. WW2 was about competition between imperial powers, and communism versus capitalism (as that struggle led directly to the rise of fascism). The end of the war resolved the imperialist competition, but not the question of communism. The US immediately turned around and started giving the European fascists guns, money and power after they no longer posed an expansionist threat, because fascists were still the most staunch anti communists. Again, this is why the soviets executed fascist war criminals, and the west didn’t even prosecute most of them. They became allies instead. It foreshadowed the west’s willingness to support the most brutal right wingers elsewhere around the world for the rest of the century to choke out any resistance to western neocolonial domination.


  • Yeah this is not really what’s happening. QE went on for a long time before inflation really took off and mostly served to inflate asset prices without any meaningful effect on the price of consumer goods. As has been said, this is because that’s where the lion’s share of rich people’s money goes.

    I think the key data point here is the increase in profits recently. Which would not be happening if this was all down to bog standard supply and demand throughout supply chains. Parking money in assets like stocks and real estate doesn’t cause consumer price inflation. But if businesses all realized that the talk of supply chain disruptions and COVID causing prices to go up was a good excuse to raise prices further together, that would exacerbate an otherwise minor bout of consumer price inflation. Which is exactly what happened.

    And although it’s pretty damn close to collusion/price fixing in many cases, there is no real enforcement against that sort of thing. There is software that is used throughout industries that basically does the price fixing for you using data from other users/firms. Makes it easy and plausibly deniable because it was just an algorithm that told you to do it. Big part of rent inflation in particular. If there’s no competitor willing to undercut you, even though they could, the Econ 101 bullshit doesn’t really apply. It’s basically just class solidarity among capitalists. Circling the wagons because unusual circumstances temporarily drove wages up, and they weren’t having it.

    Anyway, the main point is, if profit rates are going up, it’s not money supply causing the inflation.







  • Dad was some kind of fellow traveler in his youth, but I think forgot some important lessons about critical media consumption as he got older. Went from reading black panther lit and the monthly review to pretty uncritically watching shit like msnbc, etc.

    I think he sort of just thinks the dems really do mean well and are doing the best they can now. Just a casualty of the end of history maybe. It’s weird though because he will occasionally concede that I’m right on certain fundamental things when we inevitably argue about politics. He’s maybe just really lowered his expectations over the years.