654
The wealth of the 1% just hit a record $44 trillion
(www.cnbc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Mar 2024
654 points (98.4% liked)
News
23260 readers
3021 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
What's crazy is the reason people believe in it, is total coincidence.
Bill Clinton thought it was a good idea and republicans just implemented it wrong, and then when he was president the dotcom boom happened and everyone gave credit to Clinton's policy. It stopped being a conversation on if it worked, and became how best to implement it.
Like when Biden did the "child predators" bill, it wasn't harsh punishments that got crime under control, it was the normal effect of banning leaded gasoline 20 years earlier. But we're left with two "tough on crime" options even though that approach just doesn't work.
In both cases it's reminiscent of cargo cults, a good thing happened, so we just repeat what we were doing when it happened and expect the good thing again.
But with how long political careers are and how slow science moves, by the time we can prove it, they've built huge careers off the false assumption they had something to do with it. For them to admit they've been wrong, they have to realize they spent decades doing the wrong thing and while they had good intentions they've been causing harm.
That's a big ask for anyone, but especially for someone whose over 60.
So they ignore all evidence and double down even harder
Interesting that you reference Bill Clinton, because he is actually on record on realizing some stuff he did was the wrong choice. Specifically the idea of treating food as commodities and not a human right. Not that that invalidates your point, just an interesting note.
Clinton was 61 years old in 2008.
Uhhh...
I mean it's good he's admitted to some mistakes.
But I really don't see how African food subsidies applies to domestic economic policy....
Uhhh...
The US drives how the world economy works, and literally bullies other countries into how it wants it to be. We exported "trickle down economics" and other bullshit ideas to the whole world, and Clinton's Presidency had its hands in all of that. The reason we were able to export such policy is because it seemed like it was working domestically and worldwide, so the Clinton administration was driving a lot of what happened in worldwide economics as well as domestic economics because of the same cargo cult.
I really was only pointing out that he managed to make statements about it after 60. I actually think it's easier for these folks to admit it as they get older. See: every US Republican who turns around to criticize the party after they retire from politics.
He just said it was a bad idea to hamstring African food production as a requirement for them getting aid...
That was a terrible decision, and he has admitted that.
But it has zero to do with trickle down economics, and was in no way what he built his career/legacy after.
Like, did you just Google "Bill Clinton apologized" and grabbed the first link that want about blowjobs?
What?
I thought it would have been obvious I was referring to the Monica Lewinsky incident...
But I'm sorry, it's clear I'm not able to communicate to you in a way you understand.
I'm not confused, I know exactly what you were referring to. You've decided to ignore half of what I said because you think I'm praising Clinton.
Do you usually argue with people that are in general agreement with you?
Who's. Whose is for possessive, like: whose beer is this? It's the guy whose car is outside.
Its especially bad when someone like Alan Greenspan admitted to being wrong but the cargo cult continues.
Of course its easier to look for correlations because finding actual causal relationships often takes a life's work.