229
Japan stocks dive 4,451 points, more than Black Monday in 1987
(asia.nikkei.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Aug 2024
229 points (97.1% liked)
World News
38719 readers
2663 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
Usually war is a way to stop a recession/depression since its so profitable.
The economy has been fucked far longer than the current conflicts that might actually start ww3
It is only profitable for a few in some places. War is not net good for "business"
Ferrengi rule of acquisition 34. The best rule 34.
Sounds like the oligarch commandments.
It's like Hyperneoliberalism:
"Nothing bad ever truly happens, guilt is subjective, nothing is real, everything is allowed, but if you take anything from me, it is the worst possible crime in all of history."
In a stagflation scenario war is great for business. Otherwise you have no business at all.
Isn't WW2 the only example of this in practice? (and then only where the war did not reach, like the US or pre-1940 nazi germany)
Ya it’s a pretty good example since WW2 was a stagflation scenario. It’s exactly the same scenario we are headed into. There’s a lot of similar polarities. Some may even argue that the next world war will break out precisely because of stagflation.
As we descend further and further into economic depression (we’ve been in a recession for years) you’ll see the gears of war begin to spool up.
One would think we'd have learned to fix this inevitability by now...or is it intentional, to "fix the stagflation"?
The economy squeezes the proles for every penny they have, inflating the money faster than wages to ensure only the rich can afford to maintain.
Once the proles have been squeezed dry, have a major conflict and help save the failing banks and restore a "golden era" for a time.
Then do it all over again by starting to squeeze the masses.
Part of the problem is getting everyone on board. Economic prosperity is a great way to justify keeping a government in charge. Major economic downturns usually cause a change of government and unrest with the government in general. Without a good economy as justification to keep a government in power, many governments turn to "defense" as a reason to stay in power.
When you're selling into a war market, you can make a lot of money. When you're in that war market you tend to lose a lot of your expensive durable capital very quickly, which can get very expensive.
Girl, have you been following THIS WEEK'S news? Like right now is unlike any other time.
War is historically used to pillage other people when times are rough. It doesn't stop a recession; it doubles it and gives it to their opponent.
Stop was a strong word, ill agree. But it is a tool in the arsenal of TPTB when shit turns downward because the economic scam that it is modern capitalism eventually unravels