Why doesn't the economy work for the average american?

why doesn't the economy work for the average american?

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the average american doesn't work for the economy

because America is ran by people that hate the average American

people drink the same water that comes out of the toilet

Just take a moment to imagine an average american. Just a dumb piece of fat blob.

The average person is a fucking retard

Our leaders used to rule over their own people. Now they rule over the multiracial masses. Who the fuck cares about them, right?

Wolves don't serve sheep.

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This

The average american is 100 IQ and that's why.
Someone with 100 IQ is not meant to breed, they're hardly qualified to be considered human

because its much easier to make money when you have it. just the way the system works

No meme? Because the labor movement was squashed during the early to mid 19th century. The reasons as to why this happened nearly singularly in The US among western nations is pretty complex but mostly it boils down to the virtual takeover of the government by corporatists which lead to things such as union rights never really taking off. The downstream effects of this are quite evident when you compare real wage growth from the 1970s onward.

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I live in Japan and all the memes about there stagflation are the biggest troll. Quality of life here is 10x of Australia and usa.

There's a few major areas to talk about.
1. Agriculture
America never moving away from agriculture and decisions based around agriculture have set us back massively in terms of income for lower skill workers.
The first step towards an urban economy is to develop technology and argiculture that can supply cities, which are centers of capital, human capital, and industry. This step allows fewer people to produce equal or greater agricultural output than before.
The next step is to industrialize agriculture to further decrease human input needed, and finally to outsource more agriculture.
To maintain our enormous agricultural sector we subsidized the shit out of it and never scaled up automation to "keep farmer jobs" we shouldn't have as a developed country. This protectionism holds us back.
next we prevented ourselves from ever outsourcing more agriculture. Mexico is a prime example of this, developing country who was beginning to scale up agriculture. NAFTA passes (Written by HWBush and passed by Clinton, which is how you know something is fucked.) Mexican agriculture is then suffocated under cheaper, untariffed, subsidized American agriculture. Normally an economic relationship would be Mexico continuing to scale up agriculture that we purchase as we scale down.
Now our opporunity costs are fucked up and we can't purchase any foreign corn or wheat, and we remain doing the job of an undeveloped nation because muh agriculture jobs.
(1/3)

2. Manufacture
It doesn't take a ton of human capital investment to create manufacturers, while also being incredibly economically productive. Any idiot can build cars after a few months of training.
But we sold all manufacturers to countries with lower wages, then shit on every tariff preventing foreign production from being cost effective, removing any chance of American manufature ever recoviering. We'll skip straight to automated manufacture or none at all. Thus many lower skill workers will never have an applicable job to their level of human capital.
3. Investment in human capital
Economic growth can be simply described by allocation of three inputs
>Human Capital
>Technology
>Investment (Money)
Each three has diminishing returns. Lots of human capital with no tech and no money goes nowhere. Same for all technology with a bunch of idiots and no money. Nothing progresses.
America has money and technology for days, but we have failed to meaningfully invest in human capital and mid range jobs for mid range human capital.
Essentially highschool teaches nobody any useful or employable skills and now college doesnt either, and what skills are taught there have few economic routes out of lowest wedge income, with enormous debt.

So we have workers without skill, competing for few jobs with no upward mobility, with non cost of living wages, while spending enormously on agricultural jobs we shouldn't allow to be the basis of the economy. It's essential impossible for the average person to amass capital and ever be successful.
(2/3)

The average American lacks restraint. Works great for me.

because there is a central bank that takes people's wealth away so that they can't stop working.
Keynes himself said only 1/1,000,000 would figure the scam out

On top of this I want to say how fucked our businesses are. Everything good in the economy in terms of efficiency are based on failure. Inefficient companies fail. Instead we've skipped all of the failure as we allow more and more corporate mergers and bailouts. Failing industries are simply bought by VC, the wages of workers slashed, and no inefficincies of the product or consumer economy addresses, turning a inefficient business somewhat profitable while backed by a more profitable company.
Even then, these businesses are top heavy and prone to failure, even while tax evading they still can become insolvent. But the companies which own them have now been bailed out twice even while gaming the system. They grow more bloated, more inefficient, and more "too big to fail".
The only path through this is to allow companies to fail, and the longer we put it off the longer the economic impact of enormous conglomerates failing will be felt. If we let big banks fail in 08 we'd have better banks by now, but instead we still have even more inefficient and poorly run banks with even more ownership. The longer we wait to allow big money to crash, the worse it will be and the longer economic downturn will last.

Fiat Currency.

thanks for contributing. all your points are great but this is my favorite one. this is one of the biggest problems i've been thinking about myself and only now have i heard it being spoken by someone else. our country is literally becoming socialist kek. we're unironically doomed.

But if the economy doesn't show a bigger number how will we know it's better?

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>happy days
>feels good

I'm retarded and I just scrape by.

because the average american prioritized fighting the other average american to stop higher taxes on the rich for all their lobbying for economic policies that benefit the 1% and not the average person
can someone explain why the billionaires needed a tax cut?

The so called zombie companies - totally debt-ridden- who also block market entry for new innovative start ups. Conserve the high barriers to entry and therefore slowly strangle any sort of fresh perspective

People who run the economy don't give a shit about you or anyone else

you won’t have a job without them wagie

I don't think socialist is quite the right term, and the capitalist-socialist binary doesn't capture a lot of economic policy well. corporote-socialism perhaps. i think it's easier to explain as a bidding war for market interferency and government lack of oversight depending on the area you talk about. this semicentralized operation doesn't really have anything to do with capitalism or socialism and, to me, is simply the post modern industrial societies equilibria. None of it could exist without every country and corporation being complicit and also in competition.

this is what it comes down to
60 million blues
fighting
60 million reds
200 million people who can't be bothered to care
and the ten or so thousand super wealthy just watch their two slave armies kill each other for their right idea.