US News

2043 readers

36 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

submitted 9 months ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

This is a good indicator that the real economy is collapsing, and explains why the regime is unable stop neither their recession nor inflation.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 9 months ago

I expect so, after so many decades of financialization of the economy, a lot of important industries have been moved out of the country. This was a great read on the underlying dynamics incidentally https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/