| General > General Technical Chat |
| I have the feeling that the whole trade war starts from a pile of nonsense. |
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| windsmurf:
--- Quote from: apis on June 02, 2019, 10:11:49 pm --- Don't think it's that much different over here. :( --- End quote --- Good video, lays out what Bernie Sanders, AOC, etc are battling. Trump blamed that on immigration, unfair trade, etc. and the country fell for it while he increased the level of inequity. |
| technix:
--- Quote from: windsmurf on June 03, 2019, 06:00:30 am ---Good video, lays out what Bernie Sanders, AOC, etc are battling. Trump blamed that on immigration, unfair trade, etc. and the country fell for it while he increased the level of inequity. --- End quote --- AFAIK a capitalistic world needs some income equality and some inflation to pump growth, but it is never a good idea to overshoot it. US might have overshot the income inequality here. |
| technix:
News: Huawei has fired all American employees from its R&D posts, fearing American spying efforts. Huawei headquarters also has put up access restrictions that allows only Chinese citizens to enter the building. |
| Simon:
The inequality hurts the market but the rich prefer to ignore this. Give a rich person £100'000 and what will they do with it? Bank it alonside thei millions and put another notch in the bedpost (more like a scratch actually) but give a "poor" person 100'000 and they will likely go out and spend a portion of that. So the government colects VAT and income tax from the businesses where they spend the money and the economy has money going into it so people can have jobs etc. Same as my explanation about where I buy my food. When i could afford it I spent more on food in shops that hired more people and paid them better. Now I shop in a shop that is cheap with often one member of staff running the only till in the shop and also have to sort out problems with the self checkout tills so I now put in less into the economy because I have less to put in. The rich however fail to see this and want their cake and to eat it. They want the poor poor but then they want to be able to sell their shit to the poor to make more money off them whilst blaming them for all the problems so that the middle income earners get scared of being poor and also think badly of the poor aspiring to be more likee the rich whilst not realising that they are being taken for a ride too! |
| technix:
Out of topic: I really like how we are posting here, with every claim and statement clearly backed with citations, sources and data points. I really wish some certain government agencies can start making statements with citations and data points backing them, instead of making people feeling like they are pulling results out of their asses. Well we are in a post-truth world now... |
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