▪️This is so delusional. The idea that poor countries are actually rich, it’s just the people who are poor(!) is nonsense. The GDP per capita for Mexico is less than $14,000. For Brazil it’s $10k and Philippines just $4,150. That’s poor!
▪️The idea that real wealth comes from natural resources like timber and mining is also nonsense. The market cap of Nvidia is more than the entire GDP of Brazil, so is Apple and Amazon. Tesla’s is nearly as large as Mexico’s GDP and triple the Philippines.
▪️Real wealth comes from innovation and industrialization. South Korea and Hong Kong went from wretchedly poor to fairly wealthy in just a few decades not because they suddenly found natural resources, but because of capitalism. It’s also why much of Europe is now stagnant and actually quite poor compared to the US, they have little innovation.
▪️The reality is that the poorest countries are generally the least capitalist, and least economically free. They are not friendly to private business and often nationalize many industries. Which is why they are undeveloped, despite often having much potential. There was never some era in the past, prior to Europeans or capitalism, where they were rich.
▪️The left keeps using this meme but they don’t actually believe it. If you believe SNAP subsidizes companies to pay below a “living wage” this implies that if you take food stamps away they would suddenly pay a higher, “living” wage. So why not get rid of food stamps, then?!
▪️Except they know, and everyone knows, this isn’t true. Wages are set by supply and demand, not some mythical “living wage” metric. Absent food stamps there would actually be downward, not upward, pressure on wages, because the reality is food stamps subsidize the poor to not work as much as they might otherwise need to.
▪️Without SNAP, some low income people would need to work more hours to make ends meet, increasing the availability of low-skilled labor and lowering wages (all else being equal).
▪️Plus, we all know the left loves and supports food stamps. Which means, by this meme’s logic, they love to subsidize corporate profits. But they don’t really, they just think this ...
▪️Wait, this is the guy libertarians and the new right rave about being a great historian?! This sounds like a clueless meme from The Other 98%, except they wouldn’t add in the bizarre defense of feudal lords. Feudalism didn’t deprive peasants of their livelihoods for abstract goals? This is total fantasy.
▪️Amazon employs 1.55M, so this is less than 2% of their workforce, although these cuts will be to corporate, which employs 350k, so 8.5% of that. The CEO says there is an excess of bureaucracy at Amazon, and AI can automate certain repetitive tasks. Also, much of the cuts will be to HR, which is expected shrink by 15%, yay. Managers and HR are peasants now?
▪️I don’t know the inner workings of Amazon, and neither does Darryl, but this seems to be normal management practice to keep a company efficient and competitive. Given the immense size of Amazon the numbers look large, but far bigger shakeups happen all the time in the private sector. Apparently, under the new ...
▪️This statistic is just made up. The reality is that there hasn’t been a real study on this since 2013, when Pew did a poll. They found that Democrats were actually more than twice as likely as Republicans to report ever using food stamps (22% vs 10%).
https://www.pewresearch.org/short-reads/2013/07/12/the-politics-and-demographics-of-food-stamp-recipients/
▪️Obviously, those percentages could have changed over the past decade, but it’s very likely that Dems still receive more SNAP benefits. Certainly, without an actual study or poll the claim should be thrown out, as it wildly contradicts a previous study.
▪️The meme probably comes from a 2024 analysis by Social Explorer, which found that 78.7% of US counties with the largest increase in SNAP since 2010 voted for Trump in 2020. But that tells us nothing about the actual number of Republicans (or Democrats) who are receiving benefits, just county-wide trends.
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