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ManBMitt t1_j6dmiwk wrote

Reply to comment by CantBan-TheSnowman in Just a heads up by that-fn-guy

Real GDP growth has been positive for the last two quarters - I don’t know of any definition that says we are currently in a recession.


AnnPoltergeist t1_j6eauu6 wrote

All of the official definitions of “recession” are blind to the daily reality of the working classes, and are provided by people whose entire professional life is dependent on unsustainable “growth at all costs” capitalism. GDP growth is largely irrelevant as a measure of a country’s economic health when the majority of economic gains are distributed to a tiny percentage of the population.


khuldrim t1_j6hwynr wrote

"I don't like the actual scientific and official definition or a recession so I'm going to substitute my non-expertise for generally accepted correctness for political reasons"


AnnPoltergeist t1_j6i2jot wrote

lmao here is some light reading for you, sweetie, from the Harvard Business Review, written by two lovely Indian economists with impeccable credentials. Hope this isn’t too casual for you. much love!


khuldrim t1_j6i3t0c wrote

We’re not talking about “human well being” sweetie. wee talking about the accepted definition of recession and how we’re not, by definition, in one.


AnnPoltergeist t1_j6i4qlv wrote

that’s not what my original comment was about. I am not arguing about what the accepted definition of a recession is, i am saying that the accepted definition misses the point. Kinda like how you missed the point of my original comment. Lmaooooo