Post
Topic
Board Economics
Re: Fiat currencies
by
beerlover
on 31/12/2019, 15:08:28 UTC
USA is good because of capitalism but it does come with its price. Old people used to say "we used to have money but didn't had anything buy, now there is a lot to buy but we don't have the money" and we all know what they mean by that now. When capitalism first started it was a good idea, the gap wasn't that big and there was a big middle class, in 60's you could live in USA, be a factory worker and have a house that you paid for and send your children to college and could own couple cars or change your car every 5 years.

Nowadays the wealth gap is bigger so there are a lot of poor people and few rich people, there are very few factories as it is because its overseas and people who do manual labor can't afford a house at all, can't send their kids to college or even a bad health risk could set them back for years.