Post #3348476
2026-06-18 22:23 UTC
Replies (24)
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@LovesTha@floss.social 2026-06-18 22:33
@josh@masto.byrd.ws people should stop saying 'the economy is the worst they've seen' as they don't know or care what an economy is. What they know, and what matters, is how their life is hard and sucks currently.
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@falcennial@mastodon.social 2026-06-18 22:38
@josh@masto.byrd.ws remember, if it uses GDP it is not an economist: it's a bootlicker.
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@DavidBridger@writing.exchange 2026-06-18 22:51
@josh@masto.byrd.ws My best friend in our mid-teens went to university while I went to sea, and we lost contact until our 60s when he found me online. He was a professor of economics and an arrogant man. I didn't stay in touch long. He's the only economist I've ever known, but if he's a good example then I'd say they're best avoided.
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@myerman@turtleisland.social 2026-06-18 23:47
@josh@masto.byrd.ws if you have ten people on the bus and 9 have $10 each in their pockets, and one is a billionaire with $5000 in his pocket, then the average person has $590 in his pocket. Things are great because yesterday the billionaire wasn’t on the bus and the average was $10.
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@zimzat@mastodon.social 2026-06-18 23:57
@josh@masto.byrd.ws Yuuuup. 💯 I've been saying this for a while. Every time NPR's Planet Money does a "the economists say everything is fine" it's a facepalm moment. The discovery of the K economy as a case in point: https://mastodon.social/@zimzat/116380824358560102
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@josh@masto.byrd.ws 2026-06-19 00:18
@dibi58@this.mouse.rocks true
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@failedLyndonLaRouchite@mas.to 2026-06-19 02:05
@josh@masto.byrd.ws I don't know what you are talking about, but it sounds like nonsense all the economist I follow say the economic data is mixed and of course the economy is complex but over all the rich (~ the top 20%) are doing well, the poor are doing poorly, and the middle class is treading water so who on earth are these economists saying all the markers are positive ????
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@rancoisse@aus.social 2026-06-19 02:27
@josh@masto.byrd.ws This is a set of problems that were answered years ago, but ignored by politicians because they luuurrrrvvvveee rich people. I invite everyone to discover https://stevekeen.com/
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@almarosa87@mastodon.social 2026-06-19 02:59
You won’t believe what’s hidden here 👀 Tap the link and check it yourself before it disappears number one fitness👇️learn more...www.fitrushaimaster.com
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@izby@mastodon.social 2026-06-19 03:03
@josh@masto.byrd.ws The economy is showing steady negative growth. Personal incomes have increased by 0.7 times. The number of old people living below the poverty line is steadily declining each year. Do the new math!
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@ShadesofRaye@mastodon.social 2026-06-19 03:08
@josh@masto.byrd.ws "There is no war in Ba Sing Se"
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@victorvonvortex@mastodon.social 2026-06-19 03:17
@josh@masto.byrd.ws The 2005 Plutonomy paper from Citigroup: "...the world is dividing into two blocs - the plutonomies, where economic growth is powered by and largely consumed by the wealthy few, and the rest." "In a plutonomy there... are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take. There are the rest, the 'non-rich', the multitudinous many, but only accounting for surprisingly small bites of the national pie." https://drive.google.com/file/d/0B6JHvOTnxw8CY2dJYk12T29USGlXTE1TNXhmNHlCUQ/view?resourcekey=0-Z3MUEr8pxxLCOEwuDYjfdA
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@kolybigberry@mastodon.social 2026-06-19 03:44
@josh@masto.byrd.ws okay but wondering why people are “out of touch” is easier and free though
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@ShadSterling@mastodon.social 2026-06-19 04:04
@josh@masto.byrd.ws I still want to use economic indicators of how things are for ordinary people https://mastodon.social/@ShadSterling/112492660762950665
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@jiub@not.an.evilcyberhacker.net 2026-06-19 04:14
@josh@masto.byrd.ws the whole field of economics is basically a pseudoscience, and it probably has the highest death tool of any other pseudoscience thanks to neoliberalism
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@bambice@mastodon.social 2026-06-19 04:53
@josh@masto.byrd.ws “Economists” are a bunch of pseudo-scientific, glorified horse-pedlers. If you run across any recommendation from one one of these: Do the opposite!
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@Eurospoofer@mastodon.social 2026-06-19 05:30
@josh@masto.byrd.ws they work on averages but ignore distribution. So having a single trillionaire means, on average all 240 milliom US citizens has $3000 each, even when everyone really has zero
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@paulbrzeski@mastodon.social 2026-06-19 06:29
@josh@masto.byrd.ws You gotta remember the media are reporting for the wealthy, the con-men and the narcissists. For people who operate that way, the economy is doing awesome! For the remaining people who work hard, are honest and compassionate... the economy (and our legal system) is basically a form of torture / evil trap.
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@ArrestJK@mastodon.nz 2026-06-19 07:21
@josh@masto.byrd.ws The "economy" = are the rich getter richer it has NOTHING to do with "ordinary" people (yes it should)
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@licho@kolektiva.social 2026-06-19 07:37
@josh@masto.byrd.ws back when Poland was People's Republic of Poland, all the indicators were amazing. Then it went bankrupt.
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@JizzelEtBass@kolektiva.social 2026-06-19 07:52
@josh@masto.byrd.ws sounds like they forgot the three different measurements of averages: Mean, Median, and Mode.
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@clockwooork@sociale.network 2026-06-19 08:06
@josh@masto.byrd.ws But the whole point of economics as a discipline is to describe wellbeing from the point of view of capital, not of the citizens'
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@ChemicalEyeGuy@mstdn.science 2026-06-19 13:33
@josh@masto.byrd.ws #Economics ; justifying being known as the #DismalScience since 1849. https://en.wikipedia.org/wiki/The_dismal_science
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@TrimTab@mastodon.social 2026-06-19 19:44
@josh@masto.byrd.ws To make a living as an economist, most have to be born to wealthy parents. Their lives are great and the cooked numbers look awesome. These people have never had to look at a price tag or do any real labor in their lives. The world is perfect in their eyes as it is today, and the numbers back it. And of course.... Wealth distribution has no affect on the world according to their best theories, and is not worth researching.