Nearly 3 in 5 incorrectly believe US is in economic recession: survey
fox59.com
A majority of Americans wrongly believe that the country is in a recession, a new survey found.

Fascinating little window

  • Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
  • 55% believe the economy is shrinking (it is growing)
  • 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
  • 58% said the reason the economy is worsening is due to Biden’s mismanagement
  • Sina@beehaw.org
    0·
    6 months ago

    neoliberalism

    Things were mismanaged for a long time yes, but blaming neoliberalism for late stage capitalism is a bit too much.

    • frog 🐸@beehaw.orgEnglish
      0·
      6 months ago

      I disagree. Neoliberalism turbo-charged all of the problems with capitalism, by encouraging the “everyone out for themselves, dog eat dog world” mentality.

    • ranandtoldthat@beehaw.orgEnglish
      0·
      6 months ago

      Wait. Neoliberalism is literally a set of fiscal practices that that online folks refer to as late-stage capitalism. They’re practically identical in meaning. Without neoliberal policy, the phrase “late-stage capitalism” likely never gets coined.