• 0 Posts
  • 198 Comments
Joined 1 year ago
cake
Cake day: July 18th, 2023

help-circle












  • WhatAmLemmy@lemmy.worldto196@lemmy.blahaj.zonerule
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    27 days ago

    Stop perpetuating the gold standard myth. There’s as much point having a gold standard as there is any other stable finite chemical.

    The problem was neoliberalism/conservatism, which systematically removed all the labor and wealth redistribution policies of the post WW2 era, at the same time as boomers AND women were entering the workforce — higher supply of workers = lower demand and wages — the EU and Japan were rebuilt and competitive, offshoring and automation was gearing up (wage suppression + higher profits for capitalism), the deregulation of financial markets and regulatory/financial capture of government that enabled extreme financial predation, etc, etc.

    The gold standard change would be irrelevant if we didn’t live in oligarchies masquerading as democracies — where your level of wealth is directly proportional to your level of freedom, speech, and political representation.