…And a whimpering was heard among the plutocratically pointless. The many double standards of economic “thought” are in full flight today on the world’s markets. The Ukraine war, sanctions, the grain crisis, energy prices, etc., and rising prices in the US have finally hit the fan. Seems all those years of making things unaffordable don’t count in this logic.
It’s an interesting perspective; probably much like the one the dinosaurs had as that nice asteroid dropped in to say hello. In a maniacally banal capitalist environment, the total destruction of affordability doesn’t ring any bells, but this does. The almost total evaporation of personal wealth isn’t a problem, but this is.
Do tell, O ye mighty brain-dead cretins.
What is this institutionalized insanity? Cost of living is now at rabies levels, and that’s OK.
(Note: Rabies, aka hydrophobia, also includes fear of water, a desperate analogy to liquidity. Fear of liquidity, of course, is a classic economic principle. Subtle, eh?)
The scatologically over-achieving markets, however, are having a tough time, so drop everything and sympathize. Hold a few candlelight vigils to hope the billionaires get through it without too much trauma.
Oh, the inhumanity, or something.
Let’s examine this utterly predictable cluster in maudlin detail:
- The market is often based on numbers and valuations a crackhead wouldn’t believe.
- This crash comes at a time when people are demanding an end to short-selling, which is used to hedge against regular market crashes.
- The market crash in the USA couldn’t possibly mean less to a country in which surveys have shown that an unexpected $400 bill could send 40% of Americans over the edge.
- There’s no danger of those people ever wallowing in liquidity, or being able to keep a roof over their heads; but as a few more mindless billions disappear, there’s a “crisis”.
Thus, a true asteroid strike like the impossible cost of living ends up in the classifieds, while things that might eventually annoy hedge funds get headlines. Ever hear of a thing called “actual relevance to something”?
Matters are not improved by the constipated-rock-like slowness of adapting to current real crises like Ukraine. Nor are they much helped by any sort of economic dependency on fascist maniacs with a hobby of starting wars.
…But hey? Who knew the obvious could be so obvious? Not the mega-chicken-byproducts-producing dynasties of economic mismanagers, apparently.
Nor, evidently, did the trusting global media, doting on the adorable delusions of various criminal fraudulent nobodies and their prehistoric politics.
Analysis
The market will correct. A new herd of bovine market analysts will prattle serenely as some fungus eats Manhattan. Screens will fill with more useless idiots demanding more money for being boring and unavoidable in media. Inspiring, isn’t it?
Meanwhile back at the global abattoir, anything to do with any cost of living will vanish into the mists of inscrutable idiocy as usual. Not quite good enough, is it? The first $1000 Band-Aid will emerge triumphant as proof of the invincibility of stupidity. Better still, you’ll be able to put down payments on individual Doritos. Get enough Doritos, and you can live in them. Capitalism and deregulation have done it again!
I have an idea – How about you unemployable wannabe substandard pet foods get your almost single-digit IQ brains working on some viable economics? It’d be such a nice change.
It’s debatable how many Americans or anybody else can afford to be alive at the moment. It’s even more debatable why the hell they’d want to be. You may want to look at that. You may even want to be able to prove you know what you’re talking about. That’d be an innovation.
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Disclaimer
The opinions expressed in this Op-Ed are those of the author. They do not purport to reflect the opinions or views of the Digital Journal or its members.
