• nomecks@lemmy.world
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    1 year ago

    Yeah, I wonder what…

    Don’t get your hopes up, if we went back to the gold standard Billionaires would just corner the market and fuck us anyways. We’re well past that course of action.

    • KingSlareXIV@infosec.pub
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      1 year ago

      Unfortunately nearly every graph on that page is intentionally misleading. If you actually adjust the graphs for inflation (where it’s relevant), 1971 looks like just another year.

      Lying with statistics!

      • eestileib
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        1 year ago

        Relative income share is not affected by inflation.

      • reddig33@lemmy.world
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        1 year ago

        Go watch some price is right episodes on YouTube — one from each year of the 1970s. It’s astounding how much the prices drastically change on automobiles and food just over a year or two.

        Strangely, basic clothes washers, dryers, refrigerators, and stoves seem have the same pricing as today.

        • Kalothar@lemmy.ca
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          1 year ago

          It’s not really that strange when considering cars have been progressively held to higher safety standards for carrying a human being, while those other devices have not.

          • Haui@discuss.tchncs.de
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            1 year ago

            You are leaving out the fact that manufacturing methods have drastically increased in sophistication and machines are building most of the cars today, not the costs of the cars have increased but the earnings of the companies, household items have drastically changed in safety standards as well (fuses, electronics, handbooks) compared to their relatively low complexity.

            • Kalothar@lemmy.ca
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              1 year ago

              Yeah, I’m not really the best person to speak to this myself as I don’t know a lot about the auto industry. It’s definitely a multifaceted issue, I just wish we had a more equitable system to avoid artificial price increases.

              • Haui@discuss.tchncs.de
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                1 year ago

                I agree. I worked in the car industry a couple of years and unions (in germany) ensure that workers get the same (okayish) wage everywhere while car companies ensure that everyone who is not covered by unions gets fuckall.

                I also worked for an independent contractor once. They were bled dry by a major manufacturer while that manufacturer was raking in billions in profits.

                We need a similar system like the german paragraph 138 bgb:

                In particular, a legal transaction is void whereby someone, taking advantage of another’s predicament, inexperience, lack of judgment or significant weakness of will, promises or grants themselves or a third party financial advantages in return for a service that are conspicuously disproportionate to the service.

                This afaik only concerns citizens, not companies and/or is not taking in financial disproportionate situations. Especially small companies are in a disadvantage, which leads to our dystopian economic system atm.

                If we had a law that specifically prohibits large companies to use their size to rob smaller companies, that would probably solve a lot of our problems. Smaller companies are not without failure but they are still led by individuals and not necessarily money making machines.

                Have a good one.