<story><title>Wikipedia has blocked editing ‘recession’ as people change definition</title><url>https://fortune.com/2022/07/29/wikipedia-recession-definition-debate-partial-blocking-new-users/</url></story><parent_chain><item><author>badrabbit</author><text>Unpopular opinion: Declaring the economy in or out if recession does not help anyone outside of propagandists and journalists. High corporate profits and high inflation. Those need to be addressed regardless of recession or not. If you call it one, they will use it as cause for even more layoffs and price hikes if you don&amp;#x27;t they will use it as reason to avoid measures to regulate their greed because afterall their greed is preventing a recession.&lt;p&gt;Truth is we will have to wait until 2023 or later to call this a recession.&lt;p&gt;My suspicion is this is all wallstreet&amp;#x27;s shenanigans. There is a growing labor rights movement and this climate makes it hard to pass any laws that support the movement. &amp;quot;Minimum wage caused low profits and an unrecoverable bear market&amp;quot; is the sentiment they want to spread (by they I mean the market makers and investment bankers of wallstreet).</text></item></parent_chain><comment><author>bedhead</author><text>&lt;i&gt;&amp;quot;Declaring the economy in or out if recession does not help anyone outside of propagandists and journalists.&amp;quot;&lt;/i&gt;&lt;p&gt;Correct. This is exactly why the people who are altering the definition are entirely propagandists (sometimes known as politicians) and journalists. In this case, they work in unison because they happen to be on the same team at the moment, so journalists are hoping and begging the government to change the definition so that it provides them sufficient cover so that they don&amp;#x27;t have to write on their front pages that the economy entered into a recession, which is obviously bad for the cause. It&amp;#x27;s the tacit &amp;quot;Help me help you!&amp;quot; situation. Their approach is that if the government says it, by journalists&amp;#x27; standards (for the moment, of course) that&amp;#x27;s good enough by itself to validate it. Voila!&lt;p&gt;This is all stupid anyway. Call it anything you want at anytime, it doesn&amp;#x27;t change reality.</text></comment>
<story><title>Wikipedia has blocked editing ‘recession’ as people change definition</title><url>https://fortune.com/2022/07/29/wikipedia-recession-definition-debate-partial-blocking-new-users/</url></story><parent_chain><item><author>badrabbit</author><text>Unpopular opinion: Declaring the economy in or out if recession does not help anyone outside of propagandists and journalists. High corporate profits and high inflation. Those need to be addressed regardless of recession or not. If you call it one, they will use it as cause for even more layoffs and price hikes if you don&amp;#x27;t they will use it as reason to avoid measures to regulate their greed because afterall their greed is preventing a recession.&lt;p&gt;Truth is we will have to wait until 2023 or later to call this a recession.&lt;p&gt;My suspicion is this is all wallstreet&amp;#x27;s shenanigans. There is a growing labor rights movement and this climate makes it hard to pass any laws that support the movement. &amp;quot;Minimum wage caused low profits and an unrecoverable bear market&amp;quot; is the sentiment they want to spread (by they I mean the market makers and investment bankers of wallstreet).</text></item></parent_chain><comment><author>gargs</author><text>High corporate profits and high inflation are all a result of government&amp;#x27;s fiscal policies, though. The point is that this is not just because Wall Street has had a mood swing.</text></comment>