Economy

Even if you dont agree were in a post-capitalist society what do you think is the next economic system that will take hold?

I'm sorry if this is the wrong place to post this

OK, So... hypothetical question here...
but IF the economy were to 'collapse' ... what would be the best investment to make NOW as a store of wealth?
- Real Estate?
- Car/Vehicle
- Bitcoin
- Silver/Gold
- Hold on to Ca$h

Would it work/make any real difference if any additional tarrifs were passed down through a stimulus type thing. A monthly check to offset the impact of added cost.

Maybe with a 5-10 year step down to $0.

https://preview.redd.it/04wolvhjco4e1.jpg?width=650&format=pjpg&auto=webp&s=09db7abfdd86b326952e21a37611f31814895f84

Photo above – drone’s eye view of Intel's headquarters in Santa Clara California. However, no chips are made there. They are fabricated at 27 other sites, including China, Malaysia, Ireland, Israel, Poland, Germany, and the Philippines. So what do the 14,600 employees at this location actually do, if they don’t make chips? In any case, Intel is losing A LOT of money.

The laptop I’m using to post has a sticker: “Intel Inside”. So many of them do. You’d think a company this ubiquitous would be able to turn a profit. You’d think. Pat Gelsinger has been Intel’s CEO since 2021. During that time the stock has lost half its value. And down another 5% today. Negative earnings - It lost $3.74 a share in the most recent reporting period. (Full disclosure – this writer bought Intel at $21.18 on August 2nd. Still showing a capital gain, but barely).

But this post isn’t to gloat that I’ve avoided losing money. It’s to criticize the absurd severance package that Intel showered on Gelsinger. He will get $10 million. But his base salary is only $1.25 million. He’s getting the equivalent of 5+ years of salary for agreeing to put his stuff in a cardboard box and clear out immediately. Gelsinger departed yesterday. Nobody knew until Intel filed the required SEC forms. See link below.

If you want to know why worker bees at all levels have unrealistic expectations for wages, bonuses, and benefits, I give you Intel’s Gelsinger as exhibit A. 5 years' salary as a reward for effing the company up royally in just a couple of years. To be fair, Mr. Gelsinger DID head a project team that came up with a clever chip a decade ago. And he’s worked mostly at INTC for the past 30 years, except for a few brief adventures elsewhere.

$10 million. Whoo-ee!

This severance amount, if clawed back, wouldn’t help Intel become profitable of course. But it’s the principle. You shouldn’t give someone $10 million to make sure they leave they day they’re fired without trash talking.

Who else got fired this month? The Stellantis CEO. That’s the company which makes Jeeps, Ram trucks, one Chrysler minivan. Stellantis has over a dozen brands, but only Jeep, Ram, and Fiat make money. And Fiat only sells 1 model in America – the 500E – which has a consensus opinion as the worst EV we can buy. Other Stellantis brands are hilariously scarce and of indifferent quality: Maserati, Lancia, Opel, Citroen, Vauxhall, Peugeot, Alfa Romeo. You see the problem, right?

Stellantis had a simple strategy: Keep increasing the price of Jeep Wranglers 10% a year for as long as they could get away with it. Well, they hit the wall this year. Stellantis’ share price dropped from $30 to around $12. (Full disclosure – I don’t own STLA yet, but I have a buy order in at $10).

The CEOs of Starbucks, Boeing, Costco, Nike, and Subway are also gone. A couple of these guys were given until December 31st to clean out their desks, but most are gone already, like Intel.

This is an unexpected development, to say the least, in a nation where we were assured that America was at full employment, and inflation was licked, all courtesy of Bidenomics..

Is it okay to theorize that we were fed a plate of BS during the past year? And that ordinary voters smelled a rat? Food prices, home prices, electricity prices, Jeep prices, Starbucks prices . . . they were all mostly excluded from the inflation index politicians always like to point to.

I’m not hoping for more CEOS to get fired. But if they screw up, they probably should be. But don’t pay them $10 million to go quietly, and hope nobody notices. Make an example of them, so their successors will try to do better.

I’m just sayin’ . . .

Intel's ex-CEO Pat Gelsinger set to net $10M in severance pay | TechCrunch

The German economy is in recession and your PM is in Ukraine telling Zelensky to keep up the war.

What about the loss of "cheap Russian energy" do the German workers not understand?

What caused the spike in late summer/early fall. Why are food prices increasing?

The tension was palpable, the heat building, as the United States economy danced on the edge of a breaking point What began as a robust and passionate embrace of growth has turned into a fraught struggle to sustain the connection between soaring inflation mounting debt, and a faltering middle class. With every whispered promise of recovery the stark reality of rising living costs and uneven wage growth pulls the nation back into a cycle of frustration The Federal Reserve's interventions once confident and precise, now feel like hesitant caresses unsure of where to press or when to pull back. As the nation's economy gasps for stability it’s clear that this delicate relationship between policy and prosperity needs not just a spark but a strategy to reignite trust and resilience.

I have a discussion/argument in my government class but I have no idea about politics. Our side is arguing how trump is bad for our economy and I can not figure anything out to help support my group. My specific sub topics or arguments have to be about the Federal Reserve and Inflation. Can someone please give me some ideas on how trump is screwing up the federal reserve and inflation.

When I first started using Microsoft Windows PCs in the 1990s, I would often open up ten to twenty windows. But the Windows would crash after a short time. Also in the 1990s I was using Unix with X windows, and it would never crash.

I bought a laptop with Windows a few years ago, and it would crash due to viruses, every few months. I didn't have the same problem with iOS or Android.

Microsoft practice of releasing software that hasn't been fully tested, is at best unethical, at worst criminal. I try to avoid using Microsoft software. I don't know what the legal implications are for buggy software. I think they must have their lawyers draft statements that Microsoft is not responsible, for any financial losses due to bugs, viruses, or other defects.

That's why the government needs to step in. And make laws, where selling software that you know is defective, is a crime. And buyers should be able to get a full refund, and compensation for defective software.

Now the software industry is mostly a bunch of kids, who don't care about quality, and look down on testing software. They make good money, and high profits for the company, without doing the work to ensure the quality of the software.

Perhaps in human built complex systems, perfection is not attainable. But there are some software which is higher quality. So perhaps we can set minimum quality standards, and legislate more testing of software.