When the media say the middle class is in decline, they're technically right—because people are getting richer.
https://reason.com/2025/12/24/why-college-students-prefer-socialism-and-why-theyre-wrong/
Submitted 10 months ago by realcaseyrollins@narwhal.city to finance@thelemmy.club
https://reason.com/2025/12/24/why-college-students-prefer-socialism-and-why-theyre-wrong/
When the media say the middle class is in decline, they're technically right—because people are getting richer.
https://reason.com/2025/12/24/why-college-students-prefer-socialism-and-why-theyre-wrong/
Article from someone who doesn’t know the difference between communism and socialism (which actually doesn’t have a universally accepted definition).
I’d love to hear this guy’s take on how to deal with Baumol’s Cost Disease:
en.wikipedia.org/wiki/Baumol_effect
Capitalism has no solution for it, but socialism does. It’s almost as if capitalism is good for some things and socialism is good for other things! Then there’s democratic socialism which chooses to use both economic systems, choosing the most appropriate one for any given thing.
to be fair the communisits often insist socialism is communism to.
6nk06@sh.itjust.works 10 months ago
I guess I’m not a human being then.
HubertManne@piefed.social 10 months ago
while I am, of course, from earth. I too do not seem to meet the definition of people in the us.