this post was submitted on 19 May 2026
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Economy has always been an euphemism for the financials of the capitalists
Someone on Lemmy pointed out that you can usually just replace "the economy" with "rich people's yacht money" in most news articles, and I'll be damned if that isn't the truth.
"Rich People's Yacht Money"
Wednesday’s strong reports on Rich People's Yacht Money were welcome news for the Federal Reserve, whose job it is to keep the U.S. job market healthy and inflation low. The Fed’s job has become more difficult because of the jump in oil prices, which is pushing upward on already high inflation.
...
The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean Rich People's Yacht Money is healthy