Comment on Walmart actually teaches their employees how to get food stamps
IronBird@lemmy.world 21 hours agoit’s accomplishing exactly what it’s designed to
Comment on Walmart actually teaches their employees how to get food stamps
IronBird@lemmy.world 21 hours agoit’s accomplishing exactly what it’s designed to
BeardededSquidward@lemmy.blahaj.zone 20 hours ago
Capitalism is all about a few people getting all the capital, if you’re not owning something you’re the worker that they exploit to do so. Billionaires and trillionaires are inevitable in such a system.
uriel238@lemmy.blahaj.zone 8 hours ago
Although, the billionaires and trillionaires are a symptom of the endgame. By far, most of our billionaires attained their wealth though financialization, that is to say financial shenanigans that do not produce value and wreak havoc on the economy.
An example is private equity, which is what happened to Toys 'R Us, Radio Shack, Claires, and countless other brands.
Normally, once the feds detect financial shenanigans, we outlaw them under fraud. But the owner class reacts by capturing regulatory agencies and/or defunding them so they can’t enforce their regulations. Citizens United was the death knell for the US.
It’s going to take ending the owner class to get out of this mess, and if wait too long, the ultra wealthy are rich enough to do the same thing to the rest of the developed world.
And we have to do it before we run out of water.