Re:Circuit Breaker Triggered in Japan for Stock Futures Trading
by danaris on Monday April 07, 2025 @07:18AM
(#43610027)
Sure, but most of that has nothing to do with the loss of manufacturing jobs. It has much more to do with the tremendous transfer of wealth from the bottom quintiles to the top, enabled by the gutting of unions, the destruction of regulations, and the abandonment of any kind of effective antitrust policy.
Re:Circuit Breaker Triggered in Japan for Stock Futures Trading
by owebmaster on Tuesday April 08, 2025 @09:17AM
(#43621465)
> enabled by the gutting of unions, the destruction of regulations, and the abandonment of any kind of effective antitrust policy.
Isn't this what happened because companies moved their manufacturing to other countries?
Re:Circuit Breaker Triggered in Japan for Stock Futures Trading
by danaris on Tuesday April 08, 2025 @11:18AM
(#43622813)
Some, yes, but the cause and effect are somewhat blurred because both were happening over a long period of time. They each contributed to each other in a feedback loop, and I don't claim to be enough of a scholar of that period to know for sure which one started first.
Re:Circuit Breaker Triggered in Japan for Stock Futures Trading
by Yeul on Monday April 07, 2025 @05:34AM
(#43609499)
If you were serious about improving the lives of normal people you would be voting for Bernie Sanders. Not the party handing out tax cuts for the rich, that is against the minimum wage and destroyed the pension system.
Re:Circuit Breaker Triggered in Japan for Stock Futures Trading
by lenkite on Monday April 07, 2025 @06:24AM
(#43609737)
If you listen to Bernie's speeches, he talked about high tariffs too.
You now have enormous piles of debt, obesity, millions hooked on drugs, a blossoming private prison industry and a nation without a future?
I quote from Wikipedia: ‘In 2013, George Friedman, the head of Stratfor, wrote that the middle class' standard of living was declining, and that "If we move to a system where half of the country is either stagnant or losing ground while the other half is surging, the social fabric of the United States is at risk, and with it the massive global power the United States has accumulated."[54]’
https://en.m.wikipedia.org/wiki/Standard_of_living_in_the_Un...
Looks like most of the gains since the 80s have been concentrated to the top.