That Pink Floyd song should have been titled “UNcomfortably numb”. Ironically the lyrics only need to add the “UN”
“When I was a child, I caught a fleeting glimpse
Out of the corner of my eye
I turned to look, but it was gone
I cannot put my finger on it now
The child is grown, the dream is gone
Against the people asked for this. They asked for lower interest rates. This killed the housing market. They asked for student loans. This killed the price of college. People wanted cheap products from China, this killed the ice caps.
I feel like it's more appropriate to say that people were trained to be like that by the ruling class. Many modern marketing techniques were popularized by psychologists.
The whole industry exists to exploit psychological weaknesses, and people have been fully immersed for like 2-3 generations by now.
I would agree with that. But most people i know personally only care about the "monthly payment" and they think lowering interest rates make the monthly payment cheaper. And it does when the rates change, but it's only temporary. The next round iof products become more expensive and the monthly payment goes back to the usual.
But i think people confuse the terms low interest rates, and lowing interest rates. Nothing destroys an economy faster than low interest.
For housing, everyone i know say buy when rates are low because the payments are less. But low interest rates only help current owners. It gives them a higher sell price and access to liquidity. Then the next round of buyers wait for rates to go down and the cycle repeats until housing becomes unaffordable. Low interest rates make it almost impossible to save for a down payment because the price is the house is so high and your are competing with buyers willing to take the 30-40 yr payments. The way to make housing affordable is to raise rates. If rates were 10% housing would crash in price and people could actually afford to save and buy a house.
They did ask for it. They wanted cheap Chinese stuff. Even now people are made at Trump for the tariffs saying the Chinese products will become unaffordable. Asking for that is telling companies to send jobs overseas. They are the same thing
People want cheap products in a general sense, they don't like off shoring, it was hugely disruptive to jobs and the quality nose dives (at least for a time, sometimes permanently). They didn't ask for or choose it, they're the low information side of the system
Of course they're upset at things being tariffed, they don't want prices going up. They likely have some preference to buy things made locally, or by a country with a reputation
None of this is a choice made by consumers, it's a generalized set of incentives and pressures created by the market
It's like planned obsolescence... People hate it, it's being sold to them
22 Comments
bitjunkie@lemmy.world · 50 pts · 41d
Joke's on them, now I'm incapable of shedding tears, or even feeling anything really
CIA_chatbot@lemmy.world · 7 pts · 41d
That Pink Floyd song should have been titled “UNcomfortably numb”. Ironically the lyrics only need to add the “UN”
“When I was a child, I caught a fleeting glimpse Out of the corner of my eye I turned to look, but it was gone I cannot put my finger on it now The child is grown, the dream is gone
I have become UNcomfortably numb”
BeMoreCareful@lemmy.world · 2 pts · 41d
It's more comfortable for others.
OS2Warp@lemmy.zip · 1 pts · 41d
https://youtu.be/vrLRsFV5TBM?is=FuckOff
pigup@lemmy.world · 30 pts · 41d
We thought they we're going to hit us and they did hit us and then they did all the other shit. Lucky if you didn't get hit.
deft@lemmy.wtf · 25 pts · 41d
Some hit us too
hanrahan@slrpnk.net · 4 pts · 41d
krisevol@lemmus.org · 3 pts · 41d
Against the people asked for this. They asked for lower interest rates. This killed the housing market. They asked for student loans. This killed the price of college. People wanted cheap products from China, this killed the ice caps.
village604@adultswim.fan · 5 pts · 41d
I feel like it's more appropriate to say that people were trained to be like that by the ruling class. Many modern marketing techniques were popularized by psychologists.
The whole industry exists to exploit psychological weaknesses, and people have been fully immersed for like 2-3 generations by now.
krisevol@lemmus.org · 1 pts · 41d
I would agree with that. But most people i know personally only care about the "monthly payment" and they think lowering interest rates make the monthly payment cheaper. And it does when the rates change, but it's only temporary. The next round iof products become more expensive and the monthly payment goes back to the usual.
But i think people confuse the terms low interest rates, and lowing interest rates. Nothing destroys an economy faster than low interest.
For housing, everyone i know say buy when rates are low because the payments are less. But low interest rates only help current owners. It gives them a higher sell price and access to liquidity. Then the next round of buyers wait for rates to go down and the cycle repeats until housing becomes unaffordable. Low interest rates make it almost impossible to save for a down payment because the price is the house is so high and your are competing with buyers willing to take the 30-40 yr payments. The way to make housing affordable is to raise rates. If rates were 10% housing would crash in price and people could actually afford to save and buy a house.
sobchak@programming.dev · 2 pts · 41d
I think that would be dis-inflationary and cause massive unemployment if the Phillips Curve still holds.
krisevol@lemmus.org · 1 pts · 41d
Just wait until you see what happened when the debt payments get higher than our income. It's quickly coming.
Unemployment will be the last of our worries.
theneverfox@pawb.social · 3 pts · 41d
The first two are debt related, and the third is off shoring
People didn't ask for any of that... It was sold to them for profit
krisevol@lemmus.org · 1 pts · 41d
They did ask for it. They wanted cheap Chinese stuff. Even now people are made at Trump for the tariffs saying the Chinese products will become unaffordable. Asking for that is telling companies to send jobs overseas. They are the same thing
theneverfox@pawb.social · 1 pts · 41d
People want cheap products in a general sense, they don't like off shoring, it was hugely disruptive to jobs and the quality nose dives (at least for a time, sometimes permanently). They didn't ask for or choose it, they're the low information side of the system
Of course they're upset at things being tariffed, they don't want prices going up. They likely have some preference to buy things made locally, or by a country with a reputation
None of this is a choice made by consumers, it's a generalized set of incentives and pressures created by the market
It's like planned obsolescence... People hate it, it's being sold to them
NoSpotOfGround@lemmy.world · 3 pts · 41d
Why are there scratches in this image?...
Soulphite@reddthat.com · 2 pts · 41d
It had chicken pox?
NoSpotOfGround@lemmy.world · 2 pts · 41d
I think it's a hardware issue with my phone... I'm not seeing the "scratches" anymore. I noticed a while ago that images of high frequency digital noise cause flickering lines on my phone. Like this one: https://onlinepngtools.com/images/examples-onlinepngtools/multicolor-white-noise.png
cepelinas@sopuli.xyz · 2 pts · 41d
I don't see anything what's the model of the phone?
NoSpotOfGround@lemmy.world · 3 pts · 41d
It's a Motorola Edge 40. It's an unusual bug, but harmless so far.
Eyekaytee@aussie.zone · 1 pts · 41d
is there anything to suggest millennials and gen z as they enter the work force are also not melting the icecaps?
xylol@leminal.space · 4 pts · 41d
I was going to say, if they didn't do it we would have. I doubt most people did stuff intentionally, they just lived their life