>>9623691The more I read about this and try to understand it, the less impressed I am with the idea that (central banking) is the issue. It's simply not the case that the floating exchange rate is working differently for workers than capitalists. The real reason I see is the conservative capitalist movement that pushed out "inefficiencies" like lower than possible prices for essential goods, housing, etc, and also depressed wages by management but also by increasing labor availability with immigration. The end result being that while productivity indicators go up, compensation goes down, while prices, thus cost of living goes up. Workers are squeezed from both directions whereas before, wages and prices had followed each other, and so compensation and productivity rises together.
It's all because people got enamored with the idea that greed is good, and greed is king. The idea that Greed has no other ramifications than profit for you, and that's good enough. So it's not that there are greedy jews in the fed, but that republicans turned americans into greed, and democrats turned to neoliberalism and greed as well. We elected the wrong people like reagan and clinton. The american people are the greedy ones. To fight this, you have to break the conservative spell of free market capitalism. The left has to embrace progressives. The right has to embrace the idea that if you help the working class, you help the country. I don't know how that would look from a right wing economic perspective, but it ain't trumpism. What MLK said is right. We have socialism for the rich, rugged individualism for the poor. That shit is literally killing the country.
