In recent decades, progressive politics has been underwritten by the ascendant economic titans of capital, technology, and communication. Big Tech and financial firms have long financed Democratic causes, led by those such as George Soros and the now-disgraced crypto-master Sam Bankman-Fried, who was released last month on a $250 million bail deal. Yet for all its claims to represent the future, this ephemeral economy is starting to unravel, as the world begins to wake up to the fundamental realities underlying daily life. It turns out that, while they may seem old-fashioned in today’s digital world, material goods actually matter when they are hard to procure. Over the past year, traditional industries such as manufacturing, agriculture and energy have thrived, while media companies have lost $500 billion in value and tech firms have suffered a reversal of an astounding $4 trillion. Today, it’s not steel companies or gas plants that are experiencing mass layoffs, but firms such as Goldman Sachs, Meta, Amazon and Google. Like what you’re reading? Get the freeUnHerd daily email Howard Schultz, who has long portrayed himself as an enlightened model aristocrat. Discontent is even brewing in the media, with the New York Times now experiencing labour unrest. Across the board, a bitter truth is slowly coming into focus: skilful public relations no longer can make up for widening class distinctions. Equally unsettling has been the incessant labour unrest at America’s universities. Amid mounting declines in enrolment, these lordly institutions have been exposed as exploitative, favouring a tenured faculty with rich pensions but offering little to severely underpaid adjuncts and teaching assistants, who now constitute the vast majority of the academic workforce. … https://unherd.com/2023/01/the-collapse-of-the-progressive-economy/ This collapse of the progressive economy was inevitable. It is facing issues that heartland manufacturing and energy are not. It’s a great thing to see. This primarily will hit the bicoastal urban elites.
The irony is that the areas that shut down and had the most restrictions during Covid are the areas that this too is going to impact most. They have been trying to break the red state economies but only messed up their own.
The Dems will take this one: I'll sell the country virtual food (virtual bugs), low-carbon water, virtual money, and Modern Monetary Theory if you give me enough real money. And I'll throw a free carbon footprint shrinker into the deal?
Over the past year, traditional industries such as manufacturing, agriculture and energy have thrived, Haha, had a quick read. Agriculture & manufacturing going forward largely due to smarts and progressive social values. I won't bother with direct quotes because facts makes 0 difference to birdbrains, but it's all here for those actually interested: (This is all linked from the 'article', the actual link contradicting the premise of the OP) https://www2.deloitte.com/us/en/pag.../articles/manufacturing-industry-outlook.html There's 50 million other things wrong with this thread but I won't bother. Just another lazy rubberduck effluence. Quack quack!
Successive Red Ink Orgies, attacking our energy sector, paying workers to remain home when it was time for them return, and the Americans went from steadily rising real wages to 21 months of falling real wages. "It's The Perfect Storm": More Americans Can't Afford Their Car Payments Than During The Peak Of Financial Crisis ...can’t find enough repo men to meet the demand or space to hold all the cars his company has been tasked with repossessing... Watching America's future get towed away.
Interesting that you think that a collapsing economy is a great thing to see. You are a patriot, right? It's not like the "progressive" economy is collapsing, however. CA, for example, YOUR state, is 12% of the US population, but 15% of the GDP. I'd say, they are punching above their weight. That means other states have to punch below their weight. Most likely, red states that take more from the federal purse than they pay in.
He didn't make that claim. He pointed to the unsustainability of the progressive economy, and contrasted that with the US economy. I guess reading comprehension isn't your thing? You Won’t Believe Who Google Laid Off (Or Maybe You Totally Will). “So who is Google" laying off? Pink Slipped 12,000 workers. Maybe they can learn to plumb. 'Elon Musk laid off half of his workforce almost immediately upon taking control of the company, and Twitter runs fine with what just a few months ago Silicon Valley would have considered a skeleton crew.' So, who is Google letting go? 'Do-nothing twentysomething marketing deadweight types were getting treated to perks right out of Lifestyles of the Rich and Useless.' Staffed with 'human resources ninnies who believe their job is holding the occasional brainstorming session in between catered sushi and in-house massage therapy.' 'Ali Neil, a 29-year-old Google engineer who got her pink slip at 2 a.m. on the day the layoffs were executed. Neil was locked out of her work accounts and laptop (naturally) and was told she wouldn’t be allowed to come into the office to drop it off. Neil had only worked for Google since 2020 and was in her third month of mental health leave.' Ableism? She should probably have a CA labor attorney look into this. 'Google laid off 31 massage therapists. When a big business is facing stiff economic headwinds, perks like free massages are among the first things to go.' 'A recruiter on maternity leave found out she’d been laid off while feeding her three-week-old daughter at zero-dark-thirty. Recruiters are among the first to go when there’s going to be a lot less hiring.' 'Google’s “head of mental health and wellbeing” also got the axe after 15 years . Much of her team was let go, too.' 'Tech layoffs accelerated in January. 82,689 jobs were cut across the sector. On pace to lose ~250,000 in Q1.' He was making a solid point.
GET WOKE, GO BROKE: Google won’t honor medical leave during its layoffs, outraging employees. 'Googler was laid off from her hospital bed shortly after giving birth.' Even Mitt Romney was never that heartless.