59
you are viewing a single comment's thread
view the rest of the comments
[-] kig_v2@lemmygrad.ml 6 points 1 year ago

My brother in Christ you're telling me it's not even a recession yet here in the US? 😭 We're so fucked

[-] Ronin_5@lemmygrad.ml 5 points 1 year ago* (last edited 1 year ago)

The US is actually in a recovery from the covid recession. What this means is: increased velocity of money due to higher profit margins, causing inflation. Wage increases for the labour aristocracy, and further exploitation of the rest of the working class.

Every recovery from recession brings a further concentration of capital.

The words recession or economic boom means very little to the working class.

[-] yogthos@lemmygrad.ml 4 points 1 year ago

lol right, if this isn't a recession then just how bad is shit about to get exactly

this post was submitted on 03 Sep 2023
59 points (100.0% liked)

World News

2227 readers
9 users here now

founded 4 years ago
MODERATORS