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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
The war was reviving Russia's 'rust belt'
https://www.ft.com/content/b9749a86-b8dc-4eaa-a1d1-ebccf179d747
https://redd.it/1e35pn0
@r_econ
Correlations Between Credit and Equities Are Breaking Down
https://www.bloomberg.com/news/articles/2024-07-13/credit-traders-worry-about-an-economic-slowdown?srnd=homepage-americas
https://redd.it/1e39dbr
@r_econ
US Banks Sound Alarm On Lower-Income Struggles Before Election - Citigroup (NYSE:C), Bank of New York Mellon (NYSE:BK)
https://www.benzinga.com/news/24/07/39761663/us-banks-sound-alarm-on-lower-income-struggles-before-election
https://redd.it/1e39vmw
@r_econ
Russia’s acute labor shortage
https://en.thebell.io/russias-acute-labor-shortage/
https://redd.it/1e34td8
@r_econ
Italy is paying people up to nearly $32,000 to relocate to its Tuscan mountains as it tries to stabilize dwindling populations
https://fortune.com/europe/2024/06/28/italy-paying-32000-relocate-tuscany-residency-mountains-stabilize-dwindling-aging-population/
https://redd.it/1e33nqb
@r_econ
Money for nothing: is universal basic income about to transform society?
https://theguardian.com/society/article/2024/jul/14/money-for-nothing-is-universal-basic-income-about-to-transform-society
https://redd.it/1e2zosw
@r_econ
Clarence Thomas, a $267,000 RV, and Why American Health Care Sucks
https://www.rollingstone.com/politics/politics-features/clarence-thomas-rv-loan-health-care-1235059440/
https://redd.it/1e2vvug
@r_econ
https://www.youtube.com/watch?v=m4ylSG54i-A
Days of Revolt: Junk Economics and the Future: https://www.youtube.com/watch?v=cMuIoIidVWI
Michael Hudson on the Orwellian Turn in Contemporary Economics: https://www.youtube.com/watch?v=TXF7xJP6hW8
https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton
Clara Mattei - How Economists Invented Austerity & Paved the Way to Fascism: https://www.youtube.com/watch?v=ofFR1mD2UOM
https://www.wnycstudios.org/podcasts/otm/segments/history-free-market-fundamentalism-on-the-media
How Land Disappeared from Economic Theory:
https://evonomics.com/josh-ryan-collins-land-economic-theory/
https://portside.org/2024-01-12/social-housing-secret-how-vienna-became-worlds-most-livable-city
The decline of antitrust:
https://som.yale.edu/centers/thurman-arnold-project-at-yale/modern-antitrust-enforcement
10) Spending 20% of our GDP on "healthcare":
https://www.reddit.com/r/WorkReform/comments/1dfbel5/employees\_who\_opt\_out\_of\_employer\_health/
Health Justice and SAW:
https://www.youtube.com/watch?v=th0H8ImZt\_k
11) Climate Change and Ecological Collapse:
https://www.livescience.com/planet-earth/climate-change/catastrophic-climate-doom-loops-could-start-in-just-15-years-new-study-warns
https://archive.is/KkyIN#selection-747.14-751.17
The point being, these issues/cancers have been metastasizing for a long time.
We the people have to do the work of understanding the issues we're facing well enough to be able to fight against oppression, fascism, national decline, and ecological collapse effectively.
It's not enough to play defense on all these issues, or expect "the government" to solve them - the public (government of, by, and for the people...) also has to organize, build power, and play offense, or else decline and collapse into fascism are inevitable, and the only possible outcomes.
The best time for the public to build power, solidarity, and understanding to be able to fight fascism, brutal corporate oligarchy/kleptocracy, oppression, and ecological collapse was 50 years ago;
the second best time is today.
https://redd.it/1e2fkui
@r_econ
Only 36% of Americans say their life will be better off in five years. Edelman Trust Barometer poll. How optimistic are you?
https://redd.it/1e28yj2
@r_econ
Arkansas' legal medical cannabis industry has generated $136 million in tax revenue since it launched in 2019
https://www.cannabisindustrydata.com/arkansas-legal-medical-cannabis-industry-sold-21-7-million-worth-of-products-in-june-2024/
https://redd.it/1e2dk7w
@r_econ
Australian real wage growth among the worst of OECD’s 38 member nations — at less than half the rate of inflation following onset of COVID-19 — lagging behind the UK, the US, and Canada
https://www.smh.com.au/politics/federal/australian-real-wage-growth-among-worst-in-oecd-20240709-p5js4c.html
https://redd.it/1e2bydm
@r_econ
Allstate Seeking 34% Rate Hike on California Homeowners Insurance
https://www.insurancejournal.com/news/west/2024/07/12/783705.htm
https://redd.it/1e236u5
@r_econ
Millennials and Gen Z will inherit $83.5 trillion in the next two decades—but not before spouses of the wealthy obtain their $9 trillion
https://fortune.com/2024/07/12/horizontal-wealth-transfer-ubs-wealth-report-boomers-millennials/
https://redd.it/1e1yp8a
@r_econ
Is this kind of growth to the debt sustainable? I’m looking at just the last 5 years and it’s shocking.
https://redd.it/1e1r464
@r_econ
A 36-year-old chess prodigy built a software to speedily buy homes from afar for big investors, beating out everyday buyers. Now he's Atlanta's top broker.
https://www.businessinsider.com/chess-prodigy-steignet-software-buys-homes-for-big-investors-2022-5?op=1
https://redd.it/1e1u38y
@r_econ
Money for nothing: is universal basic income about to transform society?
https://www.theguardian.com/society/article/2024/jul/14/money-for-nothing-is-universal-basic-income-about-to-transform-society
https://redd.it/1e3c6af
@r_econ
A big bank threatens to end free checking. Others may follow. Here’s why that sounds worse than it is
https://www.cnn.com/2024/07/12/economy/banks-free-checking/index.html
https://redd.it/1e3a582
@r_econ
China’s subsidies create, not destroy, value
https://asiatimes.com/2024/07/chinas-subsidies-create-not-destroy-value/
https://redd.it/1e342z1
@r_econ
Can anyone help
https://redd.it/1e35f6m
@r_econ
Metal Thieves Are Stripping America’s Cities. Across the USA, copper and other valuable materials have been stolen from streetlights, statues and even gravesites.
https://www.nytimes.com/2024/07/09/us/copper-theft-heavy-metal.html
https://redd.it/1e2ydx4
@r_econ
Try As They Might, Unions Won't Succeed With Pharmacists
https://www.realclearmarkets.com/articles/2024/07/11/try_as_they_might_unions_wont_succeed_with_pharmacists_1043659.html
https://redd.it/1e2ypo8
@r_econ
@BryanLindstrom4 You don't "make" $15/hr. You "make" 100s or 1000s of $$ worth of product each hour and sell it for $15 each hour. You didn't make anything for yourself. You sold an hour of your life and your body for $15. Don't let them convince you otherwise. Your labor value is getting stolen
https://redd.it/1e2q53w
@r_econ
How and why the US is degenerating into overt fascism
Roughly, here are 11 aspects to the problem (how and why the US is degenerating into overt fascism):
1 - Covert fascism:
There are limits to bourgeoisie democracy, in that our ruling oligarchs/kleptocrats will never allow their grotesque, anti-democratic wealth and power to be voted away.
If that means they have to fund overt fascism (as opposed to the covert fascism that we live under), that barely registers as a downside for many of them.
Apartheid South Africa, slavery, Jim Crow, what the British did to India, Ireland, Sudan, etc. - what the ruling classes in those societies were willing to do to the lower classes and colonial subjects to maintain power are basically what our own ruling classes are doing, have been doing, and are willing and able to do to maintain their power and control over the public.
We have a corporate colonial system that allows our extremely abusive ruling class to hollow out the commons for their own private profits, while most of the population are turned into drones/serfs/slaves/cattle.
"Bourgeois democracy, although a great historical advance in comparison with medievalism, always remains, and under capitalism is bound to remain, restricted, truncated, false and hypocritical, a paradise for the rich and a snare and deception for the exploited, for the poor. -Lenin, "The State and Revolution"
"Democracy for an insignificant minority, democracy for the rich—that is the democracy of capitalist society. -Lenin, "The State and Revolution"
"The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them." -Lenin, "The State and Revolution"
"Freedom in capitalist society always remains about the same as it was in the ancient Greek republics: freedom for the slave-owners."-Lenin, "The State and Revolution"
George Carlin - You have owners:
https://www.youtube.com/watch?v=Bc31Vi1h4rk
2) Democracy at Work: Curing Capitalism | Richard Wolff | Talks at Google:
https://www.youtube.com/watch?v=ynbgMKclWWc
https://www.reddit.com/r/WorkReform/comments/16njzfx/corporations\_structured\_as\_oligarchies\_should\_pay/
3) Second Thought - How the Media Controls the Masses:
https://www.youtube.com/watch?v=XYfRhxStxRs
4) Second Thought - Is the US a Police State?
https://www.youtube.com/watch?v=Gl\_fgvH1BDA
https://www.axios.com/2024/01/10/wealthy-own-record-share-stock-market
5) Systemic Corruption:
https://represent.us/americas-corruption-problem/
https://represent.us/unbreaking-america-series/
6) Billionaires/oligarchs/kleptocrats should not exist:
https://www.reddit.com/r/economy/comments/1dqzulv/any\_nation\_that\_doesnt\_recognize/
Senator Sheldon Whitehouse - The Scheme:
https://www.youtube.com/watch?v=mAplGu1RxPg&list=PLhyg5hj7I21i1Aqcaym9TRFrpWjPN9\_ms&index=33
7) Richard Wolff - the decline of the US empire:
https://www.youtube.com/watch?v=iyw6vD2kiew
8) The decline of unions:
https://en.wikipedia.org/wiki/Taft%E2%80%93Hartley\_Act
https://en.wikipedia.org/wiki/Protecting\_the\_Right\_to\_Organize\_Act
9) The capture and corruption of mainstream economic theory/policy:
Days of Revolt: How We Got to Junk Economics:
“They need to fix something quick”: Texans without power for days are getting angry
https://www.texastribune.org/2024/07/12/texans-angry-at-centerpoint-energy-power-outage-beryl/
https://redd.it/1e2ck5x
@r_econ
PG&E Increases Rates While Bay Area Households Are Struggling to Stay Afloat
https://www.postnewsgroup.com/pge-increases-rates-while-bay-area-households-are-struggling-to-stay-afloat/
https://redd.it/1e2cy9a
@r_econ
China posts record trade surplus as foreign importers rush to beat tariffs
https://www.theguardian.com/business/article/2024/jul/12/china-posts-record-trade-surplus-as-foreign-importers-rush-to-beat-tariffs
https://redd.it/1e26yd7
@r_econ
Millions of unsold cars are piling up on dealership lots
https://qz.com/unsold-cars-dealership-lots-supply-1851589659?utm_medium=sharefromsite&utm_source=quartz_reddit
https://redd.it/1e27egk
@r_econ
Many so-called "mental health" issues are societal/systemic dysfunctions, whose costs fall on atomized individuals
https://redd.it/1e1q3z2
@r_econ
China's banking turmoil: 40 banks vanish, Jiangxi leads collapse
https://www.msn.com/en-ie/money/other/china-s-banking-turmoil-40-banks-vanish-jiangxi-leads-collapse/ar-BB1pKGjU
https://redd.it/1e1vh77
@r_econ
Project 2025 would overhaul the U.S. tax system. Here's how it could impact you.
https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/
https://redd.it/1e1s9br
@r_econ