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@UP8@mastodon.social
2025-08-19 01:09:28

😎 Brazil's publicly funded payment system is pretty cool
#economics

@UP8@mastodon.social
2025-07-14 17:45:35

🎛️ To Get Abundance, We Need to Discipline Capital
#economics

@pre@boing.world
2025-06-15 13:52:55

Read "What went wrong with capitalism" by Ruchir Sharma.
A mildly interesting description of the major events in world an US economics in the last 50 years. Might
be a fair summary for anyone who didn't live through it or has a poor memory.
In short he thinks what went wrong was government bailing out failure leading to massive debts and increa
sed inequality.
Governments took over all the things instead of letting capitalism sort them out, he reckons, and wheneve
r a big industry or company fails you just get socialism for the rich and a bail-out from new printed money.
Easy cheap money, constant bail-outs, government intervention, leading to zombie companies racking up every larger debt to exist, billionaires who can't fail due to government support, and a stock market that's up-only bringing a flood of inefficiently-allocated capital.
Is he right? I mean, maybe, sort of. But when an industry really can't be allowed to fail, say water supply and waterway management, allowing private capital to extract maximum resources from it isn't the best method to manage it in the first place. No wonder they need bail-outs. Capitalism fails here because capitalism isn't the right solution here. We need publicly owned national services, not robber barons without
bailouts.
So, you know, half right. Perhaps these are some of the reasons why capitalism fails, but also we shouldn't even be trying to apply capitalism to every single thing in the first place.
#reading #capitalism #economics #RuchirSharma

@davidaugust@mastodon.online
2025-08-07 20:21:33

#USpol #TrumpTariffs #economics #trade

screenshot of a post by THE SKIN DOCTOR • @theskindoctor13: 

Tariffs are taxes paid by American importers, not foreign govts, meaning the money "flowing in" is actually coming from US businesses and consumers, not China, India or anyone else. 

It's like robbing your own citizens and calling it foreign income. For someone who claims to be a business genius, not understanding this basic economic principle either points to a dangerously low IQ or deliberate deception, and neither is reassuring. …
@unchartedworlds@scicomm.xyz
2025-07-09 16:08:25

Labour party, economics, migration (UKPol)
"Labour’s only hope is to convince voters that on immigration, like Brexit or fiscal policy, what right wing populists offer is fool’s gold. This should be possible, because it happens to be true."
- @…
#LabourParty #economics #migration #Brexit #KeirStarmer #NigelFarage #EdMiliband #UKPol