No. of Recommendations: 3
"pure" capitalism is almost like a religion, cause ya gotta suspend disbelief to believe it is "pure". Link to a good article on reasons why so many Americans feel that the economy is doing poorly, even though LEI's show that it's doing well. Ratio of CEO pay to average worker pay is out of control, compared to "the good old days".
Politicians of both parties have rigged the tax code in favor of capital, and w2 employees are being left far, far behind.
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https://popular.info/p/if-the-us-economy-is-doing-..."most Americans still believe economic conditions are extremely poor ' as if the country was mired in a deep recession. What explains this discrepancy?"
"The unemployment rate stands at 3.5%, as low as it has been since the 1960s. Over the last year, the U.S. economy has added an average of 312,000 jobs every month. Despite predictions of a recession, economic growth has been 2.0% or higher in the last four quarters. Inflation, while still elevated, is down to 3.2%. As a result, real wages have increased slightly over the last year. "
"regardless of economic conditions, more and more people will describe the economy as poor because they oppose the current president. Since Joe Biden is president, many Republicans will continue to describe the economy as poor. This is reflected in the CNN poll, where 54% of Republicans describe the economy as "very poor," compared to just 15% of Democrats. "
