Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
The crash is very much a part of the cycle. The rich siphon every single dollar they can during boom times, then increase their market share by buying out smaller, struggling competitors during crashes. And they use taxpayer money to fund their acquisitions.
I have learned over the past 15 years that online liberal grumblers will find any excuse imaginable to avoid actually doing anything to defend themselves.
I’d argue that the class warfare is still raging on as an inborn human trait that happens to be partially expressed with our various economic systems throughout history. We can still win if we manage to breed out our hierarchical tendencies to a point where it’s not detrimental to our survival as a whole.
The crash is very much a part of the cycle. The rich siphon every single dollar they can during boom times, then increase their market share by buying out smaller, struggling competitors during crashes. And they use taxpayer money to fund their acquisitions.
The class war is over. We lost a long time ago.
It’s not over as long as the working class exists. Capital owners have addresses.
Last I checked, billionaires are still made of soft, fragile meat.
Have you not seen Elysium? There’s a reason Bezos and Musk have been running space programs as a hobby.
Have you seen Gundam? That won’t stop anything because there will be a working class there too and much much fewer places to hide.
I have learned over the past 15 years that online liberal grumblers will find any excuse imaginable to avoid actually doing anything to defend themselves.
I’d argue that the class warfare is still raging on as an inborn human trait that happens to be partially expressed with our various economic systems throughout history. We can still win if we manage to breed out our hierarchical tendencies to a point where it’s not detrimental to our survival as a whole.