General Discussion

ProfessorPlum

(11,365 posts) Wed Nov 20, 2024, 10:36 AM Wednesday

We are about to be subject to Shock Therapy economics - severe austerity - administered by Putin's puppets [View all]

https://en.wikipedia.org/wiki/Shock_therapy_(economics)

Shock therapy policies generally include ending price controls, stopping government subsidies, privatizing state-owned industries, and tighter fiscal policies, such as higher tax rates and lowered government spending. In essence, shock therapy policies can be distilled to price liberalization accompanied by strict austerity.

Musk is already signaling that they want to institute austerity:

https://www.nbcnews.com/business/economy/economy-if-trump-wins-second-term-could-mean-hardship-for-americans-rcna177807

(the cruelty of the world's richest asshole calling for a population already hurting economically to be immiserated further is amazing).

The Shock Doctrine by Naomi Klein is absolutely required reading for everyone to prepare for the next few years.

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We are about to be subject to Shock Therapy economics - severe austerity - administered by Putin's puppets [View all] ProfessorPlum Wednesday OP

We're in good hands with the great economist Elon Musk and the crypto enthusiasts dalton99a Wednesday #1

America's elite will suck out all the money in the US economy. Irish_Dem Wednesday #2

Plus side being B.See Yesterday #55

The price of eggs will be the least of anyone's concerns. Irish_Dem 19 hrs ago #56

INDEED. B.See 7 hrs ago #58

Klein's book should be required reading for first year college students. CrispyQ Wednesday #3

me too. I cried, one of the few times I've cried as an adult man ProfessorPlum Wednesday #4

Great news! That means Dems win supermajorities in both houses in the 2026 midterms! Fiendish Thingy Wednesday #5

i'm positive the GOP will faithfully observe the results of those elections once they have tasted full power ProfessorPlum Wednesday #6

Elections are managed by the states Fiendish Thingy Wednesday #7

I don't know - what would you do if you were a complete authoritarian who had no respect for democracy, no shame, ProfessorPlum Wednesday #8

You aren't thinking realistically about this. Fiendish Thingy Wednesday #10

Think about it from Putin's point of view - would he give a shit if the "world economy" collapses? ProfessorPlum Wednesday #11

Putin is not the omnipotent evil genius you perceive him to be. Fiendish Thingy Wednesday #14

Putin has destroyed the UK and the US in just a few years without firing a shot ProfessorPlum Wednesday #29

Putin is so successful, the Labour Party won a landslide victory in July Fiendish Thingy Wednesday #34

ONLY AFTER THE DAMAGE WAS DONE Skittles Wednesday #52

do you really think it will be Trump in charge? Skittles Wednesday #51

Are you talking deflation? spinbaby 19 hrs ago #57

What makes you think they'll be seated? Arazi Wednesday #9

If the results of the midterms are voided, the world economy will collapse. Fiendish Thingy Wednesday #12

I believe that's what Musk and the crypto bros want Arazi Wednesday #13

Yes, I know what they want Fiendish Thingy Wednesday #15

I don't think they'll have any say in the matter Arazi Wednesday #16

We shall see Fiendish Thingy Wednesday #17

Absolutely Arazi Wednesday #18

I expect them to create chaos Fiendish Thingy Wednesday #19

So you know how thiel is thinking? Seriously PortTack Wednesday #27

send 34 from Texas and 28 from florida quakerboy Wednesday #21

full on, 100% fascism would require the revocation of the 2nd amendment and confiscation of privately owned guns Fiendish Thingy Wednesday #24

The powers that be have already shown they'd rather rule over impoverished peasants than have a thriving ProfessorPlum Wednesday #41

Post removed Post removed Wednesday #44

No! He intends to strip the country to its bones and make off with all of our wealth ProfessorPlum Wednesday #45

What wealth? Fiendish Thingy Wednesday #46

Oh, ok. "chaos" but not "dystopian anarchy" ProfessorPlum Wednesday #48

Lots of Gas Lighters live on DU Brenda Wednesday #50

why? quakerboy Yesterday #54

CA is not 100% blue Darkshard Wednesday #33

I was using hyperbole to make a point Fiendish Thingy Wednesday #37

What midterms? Do you think that a cruel autocracy wnylib Wednesday #30

Again, Elections are managed by the states, beyond federal control Fiendish Thingy Wednesday #35

Have you thought it through? wnylib Wednesday #38

The terms of the next congress end on January 2, 2027 Fiendish Thingy Wednesday #39

You see an overactive imagination in me. wnylib Wednesday #53

Collapsing us dollar is the plan, musk really hasn't hid that questionseverything Wednesday #47

Sorry, this is ridiculous on its face angrychair Wednesday #20

Agree....talk about doom and gloom and arguing for it. This is exactly what Dr. Timothy Snyder is saying not to do PortTack Wednesday #26

What I'm trying to do is to wake people up so that they CAN resist ProfessorPlum Wednesday #42

I don't think these MAGAt freaks care Skittles Wednesday #49

People in America are sooo smart! world wide wally Wednesday #22

Welcome to Russia or is it eastern Germany during cold war Blue Full Moon Wednesday #23

It's not shock therapy; it's blunt force trauma. nt Xipe Totec Wednesday #25

Remember Dan Wednesday #28

And of course, Eloon has carved out an exemption from this radical austerity... keep_left Wednesday #31

Great Britain, if I remember correctly, instituted this beginning with the slightlv Wednesday #32

" it will fail" depends on your definition of failure. "Pallets of money disappeared" is the victory, you see? ProfessorPlum Wednesday #43

So, we make do. And, pissing and moaning is ok as long as we are continuously planning ways to resist. Magoo48 Wednesday #36

My better judgement prevents me from saying misanthrope Wednesday #40