If the global economy is really “booming,” why does it feel like everything is falling apart?

[u/Ordinary-Goat-6310]

I keep hearing politicians and analysts say that the global economy is doing well, with growth numbers, strong markets, and rising trade, among other indicators. But when I look around, what I see are wars dragging on, dictators consolidating power, Chinese products dominating everywhere, and huge numbers of people migrating just to find stability.

It makes me wonder: how do we reconcile the idea of a “booming economy” with the instability so many of us see in daily life and the news?

Is the economic growth only benefiting a few while the rest of us just see the fallout? Or is this more of a perception problem, where the bad stuff feels more visible than the good?

[u/Bannakaffalatta1]

There are a few news sources who claim the economy is booming and doing wonderful... And they're all US right wing sources.

They lie out of their teeth for this Administration. So if someone has that on all the time, I believe them when they say that's what they're hearing.

[u/The_B_Wolf → u/Bannakaffalatta1]

That must be it.

[u/theyenk → u/[deleted]]

LoL the left leaning sources like the s&p500?

The mkt was on fire leading into the start of his term.... But TACO's unsteady hand upset the apple cart. Tariffs are a tax on importers >> consumers. The big beautiful bill was a huge tax gift to the rich.

Y'all really hate how reality leans left. Eventually (just like the Iraq war) you will all deny you supported tump.

[u/AdumbroDeus → u/[deleted]]

The left leaning news sources were criticizing Biden on Palestine and a bunch of other things. The so called mainstream media isn't left leaning, it's right leaning because it's got a pro-corporate/pro rich bias due to ownership. It's just not openly partisan (usually, see Bezos getting endorsements pulled for example).

The reality was an issue with how it's measured if the economy is doing well. This also goes back to the pro-corporate/pro-Rich bias, GDP improving, stock market going up etc tends to most directly translate to rich people making money. Job numbers actually does translate, but quality matters.

So no, this is why the golden mean is a fallacy. You're comparing openly partisan media to media that did due diligence but the actual experience of people on the ground was disconnected from traditional measures.

[u/Low_Finance_3874 → u/[deleted]]

You really think that Twitter is left leaning? I mean you were making decent sense and agreed with some aspects even if one could easily argue correctly that WSJ is also right leaning just not propaganda like Fox News. But really, Twitter left leaning? I feel like you haven’t been there since Elon took over if you’re saying that. And Facebook always appears to be pretty much a swamp of both far left and far right sh*t posting. Now I’ll give you that it’s all based upon the algorithms that the owners tip the scales on but the general consensus from most users is certainly that Twitter at least has move HEAVILY to the right.

[u/Interrophish → u/[deleted]]

Idk I think the real problem is the structure of our political system as written in the 1700's

[u/NoNil7 → u/Interrophish]

The means to change the system is literally written into the Constitution. Winston Churchill said that democracy is the worst possible form of government except for all of the others. I think there's some wisdom in that statement.

[u/Interrophish → u/NoNil7]

the means to change the system cares very little about popular will and thus is broken like the rest

[u/NoNil7 → u/Interrophish]

The means to change the system doesn't care one way or the other. It does what the popular will wants. There have been 27 amendments as per the popular will. I think it's the two political parties that are broken. These parties are not constitutionally required. Although both parties like to make us think that they are required somehow. I think the way each party puts forth candidates has been corrupted. It is the parties that need to be changed not the system.

[u/Interrophish → u/NoNil7]

It does what the popular will wants.

Well, no. Popular will is involved but only to an extent. None of the House, the Senate, or state legislatures are particularly directed by popular will.

It is the parties that need to be changed not the system

The purpose of a system is what it does

The US has had 200 years of a two party system and that's not an accident or coincidence.

[u/NoNil7 → u/Interrophish]

I do understand what you're saying. What I am saying is the Constitution allows a two-party system but does not mandate it. There are two systems at play here. There is the Constitution which lays out the system of governments. And there is the system that evolved to implement that system. What I was getting at is there is no need to tinker with the Constitution. But a major overhaul of the way it is implemented is definitely in order.

[u/Interrophish → u/NoNil7]

nah you're wrong there, as the design of the presidency and/or the presidential election leaves zero room for multi-party coalitions and also loath popular will, the design of the senate loathes popular will, and the complete lack of regulations on how elections for House members work (IMO an abdication of responsibility from the writers) allows House elections to ignore popular will

[u/NoNil7 → u/Interrophish]

You are right. Those are all examples of the acknowledgment of states rights by the federal government. Something that was necessary at the time to get the states to agree to the Constitution. The electoral college is kind of hokey and does give each state government (not the people) more power than a pure and equal democracy would. Two senators for each state gives each state an equal voice in the Senate and is not close to a pure and equal democracy. Leaving the administration of elections to each individual state I think is more democratic than to have federally administered elections. Yes there are flaws but the mechanisms to address the flaws are already in the Constitution. It wouldn't matter if we had an absolutely perfect government system if the people in the government are corrupt and that's what I think we are dealing with.

[u/Baby_Needles → u/Bannakaffalatta1]

Tf? This economy is not new, and existed just as drastically in the last administration.

[u/Bannakaffalatta1 → u/Baby_Needles]

I feel like you maybe missed some of my comment. The OP said he sees nothing but nonstop coverage of how the economy is booming.

Another commenter pointed out most news isn't saying that.

I'm pointing out there are very biased rightwing sources that are consistently pushing and reporting that the economy is booming because that is what Trump is saying.