Re:Economic Termites Are Everywhere: stats hide the experien...
by CPLX on Monday June 10, 2024 @01:22PM
(#40635828)
> the distinction does matter because policy discussion should be around facts rather than vibes.
You're just suggesting we use different vibes.
There's nothing more factual about a random opinion survey or report from an economic research organization with an agenda than anything else.
Mainstream economics IS all vibes at this point. Not sure how someone could miss it.
>There isn't.
the distinction does matter because policy discussion should be around facts rather than vibes. Voters are the ultimate arbiters for what policy should be, but that doesn't mean we should shrug when their beliefs are objectively wrong.
> The economy fucking sucks. It sucks because [...]
All the points you've made about bad the economy talks past the points raised by mainstream economists. Sure, "trapped and helpless in the face of corporate power" isn't great, but how does that compare to 10% unemployment, or an actual recession? What makes for a economy that doesn't "fucking sucks"? More to the point, vibecession might have started post pandemic, but everything you said existed to some extent pre-pandemic. Has "corporate power and constant, rampant unethical conduct and cheating" actually gotten worse? Or did the perception get worse? That's the problem with going off vibes. Because there's no attempt to quantify it, it's possible to know whether something actually got worse, or people merely thought it got worse. You argue that people "should be able to look around and realize what's happening without resorting to regression analysis", but this comment section is full of examples where people were misinformed about various things (eg. objective economic measures or crime stats). You end up having to come up with contrived explanations to explain their behavior (ie. them being wrong on factual questions shouldn't impact their credibility because they're being wrong to express rage against the system).