Economy

CrispyQ

(38,475 posts)

2. The grocery store gets a bigger & bigger cut of my budget, even as I bring home fewer groceries.

Reply to mahatmakanejeeves (Original post)

Mon Oct 3, 2022, 09:21 AM

Oct 2022

Ronald Regan busted the unions so labor lost it's negotiating power & TPTB replaced living wages with easy credit. Now the middle class is maxed out. We're trinket rich & asset poor. I read that in an article about how middle class Americans have the latest in electronics, nice furniture, & nice cars but they have no equity.

We need a new economic system, one not based on consumption. Not just the US, but the entire world. I have no idea what that looks like & every time I mention it in a DU post, no one responds, so I guess I'm not the only one who can't quite visualize something different. ??? I think it must start with taking profit out of the equation, or at the very least, balancing it somehow.

My economics classes were long ago.

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Dozens of sailings from Asia to U.S. ports are set to be canceled as deteriorating economic ... [View all] mahatmakanejeeves Oct 2022 OP

Still takes nearly 55 days to transit via Suez to US from India ports Historic NY Oct 2022 #1

The grocery store gets a bigger & bigger cut of my budget, even as I bring home fewer groceries. CrispyQ Oct 2022 #2

Agree Lulu KC Oct 2022 #3

I don't see why they didn't revoke some of reagans garbage. jimfields33 Oct 2022 #4

I'm with you Farmer-Rick Oct 2022 #5

I hope you're right, but we sure as hell aren't evolving that way in Minnesota progree Oct 2022 #6

Yeah, it's not a perfect metaphore Farmer-Rick Oct 2022 #7