This is because inflation isn't a bug it's a feature.

Anything that transfers wealth up the chain, from working class to middle class and from middle class to upper class, is a feature of the western economic system.

For example, in England and Wales the Bank of England is charged with keeping inflation at a target of around two per cent. This means that the pound in a workers pocket is supposed to devalue. The advantage is that the government borrows money in its own currency so inflation means that its debt goes down (in real terms) when inflation goes up.

There's the small matter of his Dad, a former editor of The Times, having written a book about how to profit from disaster capitalism.

Yes, this is true but you also have to factor in the marginal propensity to consume, or in plain English, the poorer you are the more of your income you have to spend on necessities like rent or groceries.

There are always high interest investments available to people with a large amounts of spare cash floating about even when inflation is low.

If your rent + utilities + food = your income then you ain't hoarding money even in a deflationary spiral.

There's a lot of people who don't like the label fascism but just fucking love what fascism does. I think the problem is that a lot of people don't understand how complex the world is and fascism always tells them that their stupid, lazy thinking is correct. Universal suffrage is the only way to that democracy can work in this day and age and I would literally fight to save it... but boy does it come with some downsides.

Why does there even need to be a COP every year? They know what to do, they know what will be enough and they have the authority in their home nations to do it. COP is just theatre.

This is what people not from the UK (and a fair few who are) always fail to recognise: the Upper Class are engaged in economic war against everyone else, their goal is to maintain a local hegemony and they have been doing this continuously since at least the 11th Century.

Unmiscegenated - I'd bet there's plenty misogyny flying about in those voids.

You don't understand, they're having to go to Aldi. Oh the humanity!

US once again threatening jihadis with a good time. Anyone else read the news story about how the Taliban fighters are all depressed to find themselves as civil servants? That's how to deter people.

Another thing to note is that downvotes are, in effect, public. One hopes that this will have a chilling effect upon individuals and groups who have been gaming the karma/visibility system over on reddit for years.

I saw yesterday that there's a strong protection from the vaccine against Long Covid. Perhaps that would give him more time to contemplate his foolishness.

I honestly wonder who was pushing this nonsense.

So, there's this pair of cunts called the Koch brothers. They have a business that extracts shale gas by fracking and then turns it into plastics for the US domestic market. They've done very well out of this business and out of fossil fuels in general.

Somewhat predictably they're right wing shitheads. They seem to be behind a lot of the bollocks in the Anglosphere at the minute. The distribution network seems to be that they fund various think tanks including a few of the Tufton Street metastasis and also fund Steve Bannon, Turning Point USA and Turning Point UK.

The goal is to keep them and their dynasty on top.

Once the money gets to the UK, usually through Turning Point UK, it funds efforts to distort people's thinking using social media.

Fifteen minute cities encourage walking and so if people can leave their cars behind that's one of the major use cases for fossil fuels reduced. Can't be having that.

'Those migrants, at least they're getting a barge to sleep on, I have no idea how I'm going to keep up with my mortgage on my mock Tudor semi.'

Always. If inflation runs away, the poor suffer. If we get stuck in a deflationary cycle the poor suffer. Apparently it is impossible to construct an equitable system that works without gross inequality (spoiler: it isn't but some people love inequality and will do anything to prevent things being distributed more equally.)

Scares the beejesus out of me.

Spotify pays pennies to all but the most popular artists

That's what the strike is about, getting paid a fair wage from streaming. The streamers can afford it, leastways they could when there were essentially two large streamers. The biggest driver behind this whole thing is Disney, which has always been a cuntish entity, and the fact that with their acquisitions from Murdoch, another cuntish entity, have decided they can push everyone around and digitally recreate their voices and likenesses in perpetuity and pay them fuck all for the privilege.

Film production is continuing in the UK as it is cleared through Equity the UK actors union. Could be that the top tier of US actors will still be able to work.

UKs 70 year olds are far less likely than their American counterparts to share Christian memes. They share different kinds of reactionary memes suggesting that 'woke' and what they think is hilarious to call 'elf and safety' are the causes of why things are so shit now rather than looking somewhat closer to home.

This is a great post but I would say that there were some people who were absolutely dedicated to achieving Brexit and in large part their participation can be explained by the proposed financial transaction tax.

The idea that a supra-national entity might be able to impose a tax that could be difficult to mitigate was absolutely intolerable to various millionaires and billionaires e.g. The Telegraph owning Barclay Brothers. Any downsides from the resulting chaos, which in any case would only affect the working and lower middle classes, would be more than offset by the ability to bank offshore and retain their profits untaxed.

This is amazing, I had never heard of this artist before and his work is fantastic in every sense.

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