mellowtigger: (people not profits)
mellowtigger ([personal profile] mellowtigger) wrote2023-08-07 05:16 pm

such a great economy

I've written here at least once over the years that I think GDP is a bad measure of the condition of an economy. I think the GINI coefficient needs to be included in any measure of national health. Maybe you can understand my frustration when, year after year, we see president after president get up for a State Of The Union address and declare that the USA is "strong".

I've been saying at least since the Occupy movement that things are bad and getting worse. I know I sound foolishly unrealistic when I say it, given all the politicians and newspapers and journals who say otherwise. Consider, though, this chart that was brought to my attention on Reddit. I decided to check the validity of it. I went directly to Google to generate the same graph. It shows how often people in the USA search Google with the phrase "food banks near me", from 2004 to 2023.

Somebody needs to explain to me how things can be so bad and can continue getting worse for so long, yet "the system" keeps telling us that everything is alright.

I don't see how any of this can continue. Please, explain it to me like I'm stupid, because it doesn't make any sense to me. If I'm wrong, then I'm wrong, but I need to understand why I'm wrong.

armiphlage: Ukraine (Default)

[personal profile] armiphlage 2023-08-07 11:51 pm (UTC)(link)
The economy is all right for rich people.

Any one number isn't going to properly measure a complex system. Even if we did have a good measure, and we make it a target it improve, it stops being a good measure, because the powerful find it easier to play with the numbers than to actually improve things.

https://en.wikipedia.org/wiki/Goodhart%27s_law
zipperbear: (Default)

[personal profile] zipperbear 2023-08-08 01:00 am (UTC)(link)
It's possible for the rising tide to lift all boats, while not helping those still on shore. Sometimes, the needs of the many, at least in their own minds, will outweigh the needs of the few, and it always sucks to be a minority.

Also, statistics the art of comparing apples to oranges depending on whether you need votes in Washington State or Florida. Evidenced-based policy-making is picking the preconceived notion of what outcome is desirable, and arranging the measures and policies favorably.

Throw in a dash of Campbell's Law, and draw attention to the drop in new unemployment claims.
https://en.wikipedia.org/wiki/Campbell%27s_law
dewline: "Truth is still real" (anti-fascism)

[personal profile] dewline 2023-08-08 03:17 am (UTC)(link)
"...or else things might get bad" usually means that the cruelest of the rich will make things become bad/worse in retaliation.
dewline: "Truth is still real" (anti-fascism)

[personal profile] dewline 2023-08-08 12:11 pm (UTC)(link)
Of these things, I'm also certain.
Edited 2023-08-08 12:11 (UTC)
foeclan: (Default)

[personal profile] foeclan 2023-08-09 03:25 pm (UTC)(link)
Your icon might need an update post-Trump.
bitterlawngnome: (Default)

[personal profile] bitterlawngnome 2023-08-09 01:43 am (UTC)(link)
Don't forget, they all lie. Some worse than others, but they all lie.
foeclan: (Default)

[personal profile] foeclan 2023-08-09 03:33 pm (UTC)(link)
At Convergence a month ago, I got my first mpox vaccine, and the followup for the second dose was set at a clinic on Lake Street. It turned out to be in the middle of a health fair where they were not only doing free COVID and mpox vaccinations, STD testing, and the like, but they were giving people $25 VISA gift cards for doing any of them. It seems odd having to pay people to get these things done, but it was effective, there were a lot of people there.

This was the group doing it.
kathmandu: Close-up of pussywillow catkins. (Default)

[personal profile] kathmandu 2023-08-10 09:39 pm (UTC)(link)
As to 'bad and getting worse', juxtaposed with 'reports that everything is all right' -- there is plenty of production in the system. There is plenty of money.

An unacknowledged political decision is that we get reports on totals and averages, only. If plenty of resources exist, it is a point of ideology that that *must* be success, because a good and just system like ours *must* be distributing resources fairly and survivably.

But in actuality, the distribution of resources has been getting worse for decades. After the last two recessions, approximately ALL of the 'recovery' went to the richest part of our population. Approximately NONE of it went to the vast majority of regular people. Which is why we experience and observe that things are hard, while being told that things are fine.

TL/DR: The things are fine, but we don't get them. Billionaires are hogging all the things.