Capitalism, however, has failed catastrophically and permanently when middle-class incomes rise more slowly than expected for a couple decades...https://twitter.com/franifio/status/1041514361053822976 …
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Replying to @Noahpinion
The problem isn't that capitalism failed, it's that it's working as intended when it pushes everyone who isn't a member of the aristocracy downward.
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Replying to @Noahpinion
What do you call looking at the quarterly profits and using that to justify cuting wages for short term benefits for the people who will then divest and take home investment money?
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Replying to @norintha
I mean, on average, people are better off than they were. We could be doing a lot better, and the system is way too unequal, but the narrative that most people are being pushed relentlessly downward is just false. https://fred.stlouisfed.org/series/MEPAINUSA672N …pic.twitter.com/G0agky2wzx
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Replying to @Noahpinion @norintha
If you factor in the environment - capitalism has moved everyone & everything on the planet indisputably downward.
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Hahahaha just look at the environmental record of communist countries. Where is the Aral Sea these days?
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Replying to @Noahpinion @norintha
Logotrix Retweeted TicToc by Bloomberg
Hey Noah, I seem to recall your dismissing my comment (question, really) as to whether or not it was fair to claim (as you did) that the growth of industrial capitalism was indisputably congruent with an "increased quality of life" as you claimed.https://twitter.com/tictoc/status/1050169144182738944 …
Logotrix added,
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