Comment on Despite economic growth, 70% of Americans believe the economy is getting worse
bobthened@feddit.uk 5 months ago
Because the measures that economists use to measure the economy not relevant to regular people. GDP tells you nothing about living standards.
xenoclast@lemmy.world 5 months ago
Only getting better for the ultra wealthy. That’s what the system is for and it’s working better than it ever has.
Buddahriffic@lemmy.world 5 months ago
I’d say even for the wealthy, their living standards aren’t getting better. At their level of wealth, getting more either means number in accounts goes up if they are passive with it or power over others goes up if they are active with it.
But yeah, capitalism is for those with capital; it’s right in the name.