And to our gen z'rs just joining us on this wonderful economic system we call capitalism, buckle up!
20 comments
Recession has always been the point.
Rich get richer; everyone else gets poorer.
Without fail, wealth inequality worsens and never falls back to pre-recession levels.
Best we can do is cut into the blue collar maga base in a way they understand at their 4th grade selfish and aggressive predisposition: the rich are stealing your shit.
That process only works to a point, otherwise you get the French Revolution.
I’m not convinced we could organize well enough to make that happen.
I remember seeing articles around 2016 about the wealth inequality of the US being more unbalanced than the conditions that led to the French Revolution. It has only gotten worse, and I'm seeing less class solidarity by the day.
The French Revolution was done by the predecessors of the rich of today. On the other hand there was this one German economist who predicted that the ever increasing economic crises would lead to the workers rising up.
America is not France. A war here would be exceptionally bad for everyone.
Edit: Apologies, I am American and appropriately self-centered. I was not even considering a global stage. I strictly meant modern America is a completely different stage than 18th century France, and just assuming that it will play out the same is a dangerous mindset.
Recessions should be renamed to be more honest: it's a wealth transfer.
You'd think after the first couple, people would get rid of everyone in charge that brought them about instead of continuing to leave them in power.
They promised really hard that they'd never do it again and would work really hard to fix things until everyone was distracted or until enough time went by. It's easy to do when you're in power for fifty or sixty years straight.
Oh, it’s not the first time I was thrown over a cliff, and it won’t be the last. What can I say? I’m a rebel.
It's once in a lifetime because by the end of it you aged like 80 years
Recession has always been the point.
Rich get richer; everyone else gets poorer.
Without fail, wealth inequality worsens and never falls back to pre-recession levels.
Best we can do is cut into the blue collar maga base in a way they understand at their 4th grade selfish and aggressive predisposition: the rich are stealing your shit.
That process only works to a point, otherwise you get the French Revolution.
I’m not convinced we could organize well enough to make that happen.
I remember seeing articles around 2016 about the wealth inequality of the US being more unbalanced than the conditions that led to the French Revolution. It has only gotten worse, and I'm seeing less class solidarity by the day.
The French Revolution was done by the predecessors of the rich of today. On the other hand there was this one German economist who predicted that the ever increasing economic crises would lead to the workers rising up.
America is not France. A war here would be exceptionally bad for everyone.
Edit: Apologies, I am American and appropriately self-centered. I was not even considering a global stage. I strictly meant modern America is a completely different stage than 18th century France, and just assuming that it will play out the same is a dangerous mindset.
Recessions should be renamed to be more honest: it's a wealth transfer.