Only poor people are feeling it and the cash value of what they own is too small to make a difference in the larger picture.
Funny how recessions only exist under capitalism.
Let me introduce you to Venezuela.
Still capitalist.
Gross domestic product is expected to grow 8.3% this year, from 1.9% in 2021, according to a Bloomberg survey of five economists. The country is getting a lift from a rise in oil production and seeing tax revenue and banking credit expand, which suggests domestic demand is rising.
Time to get a new talking point.
I know people from Venezuela.
Their economy was in a castastrophic nosedive for decades, the misery was beyond words.
Yeah, I’ve read it was really horrific. It’s still bad there, but it seems to be getting better.
Only poor people are feeling it and the cash value of what they own is too small to make a difference in the larger picture.
Funny how recessions only exist under capitalism.
Let me introduce you to Venezuela.
Still capitalist.
Time to get a new talking point.
I know people from Venezuela.
Their economy was in a castastrophic nosedive for decades, the misery was beyond words.
Yeah, I’ve read it was really horrific. It’s still bad there, but it seems to be getting better.
Ok boomer.
Nice 👍