SoftestSapphic@lemmy.world to 196@lemmy.world · 23 days agofake economy rulelemmy.worldimagemessage-square10fedilinkarrow-up1293arrow-down12
arrow-up1291arrow-down1imagefake economy rulelemmy.worldSoftestSapphic@lemmy.world to 196@lemmy.world · 23 days agomessage-square10fedilink
minus-squareSoftestSapphic@lemmy.worldOPlinkfedilinkarrow-up26·edit-223 days agoEvery other country has their retirements attached to the US stock market, and the US stock market is now pretty much just those companies in the picture. That’s a huge problem for literally everyone who lives on the grid.
minus-squarefinitebanjo@piefed.worldlinkfedilinkEnglisharrow-up5arrow-down1·23 days agoRelying on the US Economy as the nation falls into isolationist fascism is a huge problem. But it isn’t because the economy revolves around the USA’s biggest exports, excluding oil, and sectors seeing the most development. The USA saw more than $500 Bn USD growth in exports between 2020 and 2024, an increase of 44%. It’s not just mindlessly trading back and forth inflated funds, although that is also happening, it’s a system that creates product.
Every other country has their retirements attached to the US stock market, and the US stock market is now pretty much just those companies in the picture.
That’s a huge problem for literally everyone who lives on the grid.
Relying on the US Economy as the nation falls into isolationist fascism is a huge problem.
But it isn’t because the economy revolves around the USA’s biggest exports, excluding oil, and sectors seeing the most development.
The USA saw more than $500 Bn USD growth in exports between 2020 and 2024, an increase of 44%.
It’s not just mindlessly trading back and forth inflated funds, although that is also happening, it’s a system that creates product.