• UnderpantsWeevil@lemmy.world
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      1 month ago

      The collapse is inevitable.

      The Vanderbilts and Rockerfellers and JP Morgans weren’t the ones bankrupted by the Great Depression. Elon Musk will not be the protagonist of the next Steinbeck novel. The “collapse” will just be further economic consolidation, until the people being squeezed are willing to resist their own exploitation as a collective unit.

      If the stock market loses 90% of its value tomorrow, all that changes is valuation. The physical capital remains in the hands of the plutocrats as does the command over the bulk of human labor. And the pain we feel will be the consequence of policies they impose, not any real shortfall of goods or dearth of professional services.

  • EndOfLine@lemmy.world
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    1 month ago

    Any minute now that trickle down effect is gonna feel like a torrential down poor of cash. Yup. Any minute now.

    It’ll probably start right after these job creators finish creating jobs for some of those estimated 7+ million unemployed Americans that are actively looking for work.

  • harmbugler@piefed.social
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    1 month ago

    Working as intended.

    “It’s the billionaires” is the answer to many of the world’s worst problems.

  • DeICEAmerica@lemmy.world
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    1 month ago

    The more sickening part is since COVID which Trump had purposely let onto our shores has made the number of billionaires in America at that time which was around 450 now more than double and now nearly 1000 people in this country have a billion dollars. And these people made it by being really greedy jacking up the prices of everything. They will only ever take and never give anything back. There will be no schools, no auditoriums, no days of honor for this scourge. Time for them to get humbled.