So, the output of China has been nicer to US consumers than the billionaires of America?
Schwarzman & Blackstone's private equity continues to hollow out the economy
https://www.cnbc.com/2025/07/16/blackstone-is-buying-rental-homes-again-heres-why.html
https://www.npr.org/sections/planet-money/2025/09/09/g-s1-87699/private-equity-corporate-landlords
Ruining lives one medical debt at a time
https://www.reuters.com/legal/transactional/blackstone-tpg-acquire-medical-device-maker-hologic-up-183-billion-deal-2025-10-21/
@bruces The other way to analyse this is the TVs, phones, etc are for mindless consumers.
The people at the top want their populations dumbed down, not thinking, only emoting and allowing the stuff they consume to tell them what to "think" that's why these things are cheap.
The further up you go, the more thinking is required, college fees, books, etc.
The people at the top do not want their populations to be critical thinkers, because that would mean the inevitable fall of the regime.
@bruces TVs and phones have really gone from tools (the object you use to do something) to extractive mechanisms, with surveillance, etc.
I haven't been in the market for toys in a while, seeing them follow the same trend makes me wondering how bad they got...
Health care, college and food clearly are not.
@Monolecte @bruces actually, a 2000 TV is basically free, as no one would pay for it..
this is the joy of the "quality effect" that counts as a decrease on price
your TV is still $500 now, as it was last year, but as it is *better* it would have cost $600 last year (if it existed), and now 500, so it lost $100.
same for cars, in france a basic car is 20kโฌ, while it was 12kโฌ, but there is no inflation because you have GPS-integration and heating mirrors that were on luxury cars at the time.
@Monolecte @bruces imagine a car from the year 2000, but built with today's technology. no bullshit, use 3L/100km of petrol, could be produced and sold for 10kโฌ....
damn, so sad that we have to spend 25k for a SUV that is barely more usable, and on this, 1k or even 1.5k of the price is dedicated to the advertisement budget, because, how could you convince people it is somehow acceptable to pay for this shit?