Recession is defined by sustained periods of reduced economic activity. Economic activity is primarily driven by consumer spending, so reduced economic activity means consumers are spending less.
Tag: socialism
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Capitalism didn’t build the modern world
Socialism built the modern world, not capitalism. Anyone who tells you that global poverty is dropping, and it’s because of capitalism doesn’t understand how the real world works.
On 2 December 2019, Lethbridge-East MLA Nathan Neudorf spoke to the Alberta legislature, saying the seemingly random rant seen below: