Formerly u/CanadaPlus101 on Reddit.

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Joined 3 years ago
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Cake day: June 12th, 2023

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  • You’re not wrong. The same is true for Russia’s economy, though - they’ve been burning the economic furniture to keep consumer prices in the same place and expand their military. The regime doesn’t look like they’re confident they can survive actual austerity when it hits.

    The US is more likely to survive giving up, at least in the short term. As broken and ossified as their system of power is, it’s also well-defined and has over two centuries of ontological momentum behind it. Edit: And they haven’t lost nearly as much as Russia to date.

    I guess “terminal forever war” is a bit of an oxymoron, even if people get what I mean.



  • (probably…maybe? that seems like something that might need more research to quantify, and probably has easily skewable results in either direction)

    The income distribution would get you closer. The typical way to measure it would be amount earned minus amount saved, right?

    Besides being fewer, richer people are able to save a bigger percentage of their earnings. That puts the middle class in kind of a consumption sweet spot - which is why the big businesses mostly target them.

    If you want to measure less tangible things like carbon emissions or social opportunities it gets much more complicated, although I have no reason to think the overall story would change.

    but us living in the ‘core’ are the 1% of the world

    I should point out the international picture is nuanced in a similar way. There’s middle income countries, there’s very rich people in poor countries, and there’s countries like Dubai that kind of defy categorisation. The basic picture that the West is rich holds, but not that it’s all the wealth, and developing economies are quickly catching up because it’s just easier for them to grow. (Developed countries also account for a bit more than 10% of world population)












  • Ever moving, right? People in the top 0.9% all call themselves middle class, maybe “upper middle class” to shut down any contradictions. That’s because there’s a stigma to being a rich fatcat. For more complicated reasons, politicians like to sweep up most of the bottom 50% that owns basically nothing, as well. The only people who consistently get stuck into the lower class are basically people so powerless they might as well be a thing.

    That being said, do be careful that income distribution is quite different from wealth distribution.

    Lemmy tends rich and educated. So it would be my guess more than 50% are in the top 19%. Probably by both, since it seems to tend older than Reddit did. What you call that is another matter entirely; wealth and income levels all flow together smoothly in the raw data.