this post was submitted on 09 Jun 2024
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"Emmanuel Macron, the French president, has announced that he is dissolving the national assembly, and calling for legislative elections on June 30 and July 7.

The French president said that he can’t pretend nothing has happened, that the outcome of the EU election is not good for his government and that the rise of nationalists is a danger for France and Europe."

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[–] Bye@lemmy.world 62 points 5 months ago (24 children)

Why is the right becoming more popular? What changed?

[–] DJDarren@thelemmy.club 79 points 5 months ago (8 children)

2008, the global financial crash, the subsequent shift of trillions of all the currencies towards the already-rich, then Covid hammering the final nail in the coffin of proving that governments care about the people only inasmuch as they provide value.

We’ve had sixteen years of people getting poorer and poorer, shit getting more expensive, and the news outlets they read pointing towards immigrants/gays/leftists as the problem.

The right take those messages and amplify them. They tell people that only they can speak truth to power, when the reality is far more nuanced than that. But people don’t want nuance, they just want to be able to pay their bills. The people aren’t stupid though, they know that the windbags can’t really change anything, but the status quo hasn’t done shit to help them, so fuck it, we’ll vote for the other guy.

“They’re all the same anyway”

[–] turbo@sciences.social 2 points 5 months ago (2 children)

@DJDarren @Bye do you think we're close to another financial crisis?

[–] andrewta@lemmy.world 4 points 5 months ago (1 children)

I’d say we are right on top of one

[–] turbo@sciences.social 0 points 5 months ago

@andrewta so I'd say it's deflating, right?

Central Bank rates are reducing in EU. In USA not yet or maybe growing. China is still in the crisis with signals of recovery more and more delayed

[–] Bye@lemmy.world 3 points 5 months ago (1 children)

No. In the US at least, wages are up for blue collar work, and that’s where the economy was most vulnerable. Inflation has been bad but it’s coming back under control and wages can outpace it in the next couple years, median wage growth already has (yes I have a hard time believing this too, but that’s the numbers).

The last financial crisis had a flagrant cause in default-prone loans. There isn’t such a problem right now.

The largest crisis we are running into is a crisis of propaganda, where people are being told “everything is terrible” when in fact the numbers show that everything is pretty great… except for white collar tech workers (me!).

I think the tech market will rebound the second that the fed lowers rates again, because tech is fundamentally capital intensive and speculative. So you need cheap money to fuel tech. Video games deflated/corrected a bit but that’s fine, those people can work on other things.

[–] CaptainSpaceman@lemmy.world 4 points 5 months ago

Ridiculous assessment.

Everyone is being told its all fine, but the insane CPI massaging has gotten beyond out of hand. There are very little gains for the proletariat masses RN, mostly losses.

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