@kapterev@Ksec15@Oliver_S_Curry@BareLeft Ah, the old 'creating value' chestnut... asset inflation, financialized compounding capital returns..? That, is actually value extraction
@free2b450@Robbie_Render@KonstantinKisin if wages had kept pace with inflation the last 50 years, throw in some technological productivity gains and nobody would be working for less than what? $60 per hour..? That could make sense, maybe... Houses would be cheaper too because less into asset speculation from the rich...
@free2b450@Robbie_Render@KonstantinKisin Hey, I just try to understand the world I see around me. It's just that everyone seems to be struggling too much and none of it makes a lot of sense
@tumtumtum@DanielPriestley@garyseconomics british empire morphed into anglo-american financial empire, and uk population was just another target for the colonizer mindset
@NoJusticeMTG gov is captured anyway. politicians and policies coming out of elite think tank/policy institute pipeline. they will only ever do token gestures for crowd control
@Robbie_Render@free2b450@KonstantinKisin 'The immediate effect of the bailouts was to protect the specific financial instruments held almost exclusively by the ultra-wealthy
'large, unsecured creditors of mega-banks
'elite institutional investors and hedge funds'
etc.
did they say it was something else? well heck
@Robbie_Render@free2b450@KonstantinKisin bread and circuses, pay no attention to the social decay all around
your neofeudal overlords thank you for your compliance
ps. they got BAILED OUT. socialized risks, privatized gains
@free2b450@Robbie_Render@KonstantinKisin Sure, to some extent. Do you really believe that it is reasonable for the top 1% to have more than double the bottom 70% combined? Programmed to be grateful for crumbs is weird.
@Robbie_Render@KonstantinKisin 10x 20x 50x inequality is very different to 100x 1000x 100000x It gets... unhealthy. For everyone. It breaks the social contract
@withGodinTX@KonstantinKisin nah, most people don't want lavish luxury, excess and privilege at the expense of others, not at all. Just a decent life that makes sense, meaningful work, spare time and resources for family, community