• BenLeMan@lemmy.world
      link
      fedilink
      English
      arrow-up
      20
      ·
      1 day ago

      Here’s some hopium for us all: Considering how little the average person has benefited from economic growth, that might not be so bad.

      Especially if it hastens our independence from fossil fuels (which, in a sane world, events like this absolutely should).

      • empireOfLove2@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        6
        ·
        20 hours ago

        Haha no no, you don’t understand. When there is growth the profits are privatized; when there is a collapse, the losses are socialized.

      • BeMoreCareful@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        23 hours ago

        That is a wild thought. I saw something that said the top ten percent of the economy is the only sector of the economy showing any movement. Essentially that 90% of Americans have zero economic power.

        Your observation kinda lines up with that. It would also make “I love the inflation” make sense. The capital class is doing good.

        • SabinStargem@lemmy.today
          link
          fedilink
          English
          arrow-up
          4
          ·
          20 hours ago

          Hold on to your britches, the economy is going down like a rollercoaster. After the SpaceX and other AI company IPOs, odds are that a bubble much larger than the Dotcom iteration will explode.

          I could do with less interesting times.

      • YellowParenti@lemmy.wtf
        link
        fedilink
        English
        arrow-up
        5
        ·
        1 day ago

        You don’t benefit from economic growth, but you damn sure will get fired if we have another once in a life time recession. Don’t worry though, bailouts for the brave companies firings workers.

    • BarneyPiccolo@lemmy.today
      link
      fedilink
      English
      arrow-up
      31
      arrow-down
      1
      ·
      2 days ago

      Iran will keep it closed until after the elections. They understand exactly how poisonous this is to Trump, and how it will affect MAGA in the election. Keeping the Strait closed hurts Trump and MAGA more than all the missiles in their arsenal, and they have to do almost nothing to maintain it for as long as they feel like it.

      If Trump tries to throw a few missiles, they’ll just retaliate by bombing our shitty friends (but not Saudi Arabia, never the Saudis), who will then get madder at US.

      • eyesaremosaics@lemmy.zip
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 day ago

        Why doesn’t Iran attack KSA, apart from a few US bases? I thought they were the main rival in the region, and given the extent that the US and Israel have already been attacking them I don’t see much risk of escalation

        • Voroxpete@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          6
          ·
          1 day ago

          They don’t need to. They’re winning, and widening the conflict now can only hurt them. All Iran has to do is sit tight, lob a missile at the strait every now and then, and wait for the US to fold. They’ve found the perfect strategy for this situation and opponent.

      • metermatic26@lemmy.worldOP
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 day ago

        You guessed right my friend. If I was the supreme leader, I’d definitely try and hit at Trump’s political influence. A lame duck president would probably ensure a more lasting peace.