• LGOrcStreetSamurai [he/him]@hexbear.netEnglish
      1·
      5 months ago

      That’s the thing that always rustles my jimmies. Whenever the lowly ghouls of the media class or economists say “The economy is strong, we even have data to show it. The Kings, Lords, and Barons are wealthy why don’t the surfs, slaves, and peasants say otherwise?”, I got in to a rage. When you talk about averages and means in a society built on vast inequality, it’s really easy for the numbers to skew upward. It’s just really disgusting that media try to whitewash the average person’s downward trajectory.

      • GrouchyGrouse [he/him]@hexbear.netEnglish
        1·
        5 months ago

        Sure, housing and medicine and food are trending towards unaffordable and pay is stagnating and people are postponing expenses which will cost more in the future but the economy is doing great because the people that can afford anything they want can continue to afford it. Pay no heed to the fact that the ratio of those people to everyone else is slowly declining.

  • Sodium_nitride@lemmygrad.mlEnglish
    1·
    5 months ago

    Robin Ferracone, chief executive of Farient advisers, a pay consultancy, said burgeoning executive pay awards were largely being driven by “companies wanting to keep their CEOs from taking phone calls from [rivals’] search committees”.

    This is exactly the problem of the internationlized bourgeois class. Any country which relies on the bourgeoise for economic stewardship has to compensate the bourgeoise handsomely because they can always look across the pond and move to a different firm or country. Internationalism is a really powerful tool for any class with the organizational capacity yo use it. It also means that a severe blow to the bourgeoise in 1 country will be a blow to the bourgeoise everywhere. Kind of how the fall of the ussr sent shockwaves around the whole of the socialist world.