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Cake day: November 18th, 2024

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  • shawn1122@lemm.eetomemes@lemmy.worldThis one's for the Americans
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    4 days ago

    They’re part of the consumer price index, a measure of inflation which in turn impacts the fed interest rate. A high rate means a high cost of borrowing which is bad for business (especially small business / start ups).

    For most people it just contributes to the cost of living crisis but it has greater implications on the economy as a whole.

    Trump has promised a reduction in interest rates this year while nearly all of his policies are designed to worsen inflation in the short term.




  • Colonialism is essentially theft with a pretty red ribbon on top to make it look good so we can all unequivocally say fuck colonialism.

    But my point is beyond that. It’s that the progress that’s been achieved through those ideas you’re celebrating was predicated on theft from and suffering of people in developing countries. In a sense those in developing countries have an ownership stake in Western industrialization and China is the first previously developing nation that’s coming to take back what is, in part, theirs. The West needs to come to terms with the fact that they won’t be the last to do so.


  • ‘Investment’ is a nice way to put it. A more apt description would be that the developing world invested in the West’s industrialization (or the West stole it, whatever floats your boat) and the Western world chose to give essentially nothing back to its investors, directly contradicting the new capitalist world it had created.

    Which is why many in the developing world feel that China’s rise to prominence is the West’s chickens coming home to roost.

    A Kenyan official once said: ‘When China visits we get a hospital. When Britain visits we get a lecture’








  • Bill Gates’ net worth has grown substantially despite his philanthropy, rising from $126.8 billion in early 2023 to $156 billion in December 2024.

    Regarding COVID-19 vaccines, Gates actively opposed patent waivers and influenced Oxford University to privatize its vaccine through AstraZeneca rather than keep it open-source. He pushed for maintaining intellectual property rights through COVAX, despite public funding supporting vaccine development.

    Not a good guy by any metric.