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The Majority Report w/ Sam Seder
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Comments by "" (@TheHuxleyAgnostic) on "Sam Seder Saddened By The Death Of Libertarianism" video.
Like all the right wingers currently complaining about capitalism (over half of the inflation rate spike can be attributed to profit margins).
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@robinsss "Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC sector have risen at an annualized rate of 6.1%—a pronounced acceleration over the 1.8% price growth that characterized the pre-pandemic business cycle of 2007–2019. Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase. This is not normal. From 1979 to 2019, profits only contributed about 11% to price growth and labor costs over 60%"
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@joekopsick1540 Oh geezus. Are you really so dumb, you think it's all or nothing? 100% free or 0% free?
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@joekopsick1540 Libertarianism has been done, before, dumb dumb. It didn't benefit most people. Only the rich got to go to school, unless the area had some kind of charity school. People needed a sponsor to get healthcare. Kids were working and climbing inside heavy machinery. Companies didn't care what they did to the environment. Companies used union busters and didn't give a crap about their employees. Poor old people had nothing to fall back on. Etc. Etc. Etc. Government regulations came about exactly because right libertarianism sucked ass. Ancap has been done, as well. It devolves into feudalism.
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@elconquistador5469 Uh huh. "In the past, corporate profit growth accounted for maybe a third of inflation. But a report from the Kansas City Fed found that nearly 60% of inflation in 2021 was because of corporate profits."
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@generationofswine-ge5rw Yeah, Republicans are whining about egg prices, meanwhile the largest supplier had a 700% profit increase, and literally lost a court case over their price gauging.
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@robinsss Rofl, you could have just stuck that quote into Google.
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@elconquistador5469 What are you blathering about? The inflation rate is back below the long term average. If you're expecting prices to actually go down, then you're a complete and utter moron. That only happens during a major recession or depression. Is that what Trumpty Dumpty is going to provide?
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@DUDEBroHey No what's not, dumb dumb?
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@DUDEBroHey This? "US Inflation Rate is at 3.14%, compared to 3.24% last month and 7.11% last year. This is lower than the long term average of 3.28%."
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