Capitalism brings recession every four to eight years -. Shouldn't there be a plan to shield the population from the effects?

There is.. Its called Keynsian Economics. And it works.. But that means the rich pay more tax, so thats never going to fly..😷

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whowasthatmaskedman · 70-79, M

@LvChris So far the rich have been buying European cars, European fashion, driving up the price of high end real estate and investing in share buy backs.. Yep.. Its all going swimmingly..😷

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whowasthatmaskedman · 70-79, M

@LvChris There is actually a p[lace for it in the growth/expansion phase of an economy.. to get development done you provide special incentives.. But this isnt that now..😷

Budwick · 70-79, M

Good leadership would be the plan. But, democrats get in power on about the same schedule and screw things up.

TheSentinel · M

@Budwick and republicans too.
But do you know that there are actually people out there who think all bad comes from their opposition, and all good comes from the people they support? That type of thinking makes them part of the problem.

Budwick · 70-79, M

@TheSentinel

there are actually people out there who think all bad comes from their opposition,

Absolutely!
For example, democrats spend trillions, flooding the world with cash, shut down our own oil industry, maintain unneeded covid protocols and blame the resulting inflation and 'supply chain issues' on everyone other than their own stupidity.

TheSentinel · M

@Budwick Good job. You just displayed the behavior I was talking about.

justanothername · 51-55, M

All economies have ebbs and flows. Ideally the Fed and other central banks in other countries endeavor to manage interest rates up or down to try and maintain steady economies. Because no one in their right mind wants a crash. But obviously crashes do happen when markets get impacted by people’s decisions.
The rest of us just ride the ebbs and flows.

SW-User

Yes we need MORE GLUT !! AND BABIES!!.. babies and glut is the plan that will save us..

sunsporter1649 · 70-79, M

Yeah, keep the demonocrats grubby hands away from the taxes

scrood · 31-35

Got to go back to the gold standard

Kwek00 · 41-45, M

yes

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