We’ve known the ownership class was treated differently after the bank bailouts in 2008 which ran entirely contrary to capitalist theory as it was taught: if your company fails, then your company fails, and its detritus will feed growth elsewhere.
But it turns out some companies are special and are too big to fail because when they go, dozens of other propped up companies collapse with them.
I can’t help but wonder if we let that catastrophe happen, would it serve as a reminder why capitalism needs to be strictly regulated? Because we undid all the regulations erected thanks to the subprime mortgage crisis of 2007, and private equity is still demolishing huge chunks of the economy while investors get rich on bankruptcy shenanigans. This is the same kind of aristocratic bullshit as 1789.
We had a peaceful protest. OWS. Then one night, NYC turned off all the cameras and unpeacefully swept it away. We were told they didn’t have specific demands. But they did, and their grievance was legit regardless.
So now, society is stratified. The ownership class has segregated itself from the working class and they won’t consider grievances from the third estate. We saw during the Obama administration a _recovering economy _is not felt by the working class. We see now they’re glad to install a one-party autocracy to keep it that way.
To be fair this was always the endgame. Our industrialst betters were sore over the New Deal. And later, school integration and interracial marriage.
I think their plan is to literally arm robotic dogs with guns and try to to rule us at gunpoint, kinda like Hebron. See XKCD 1968.
We’ve known the ownership class was treated differently after the bank bailouts in 2008 which ran entirely contrary to capitalist theory as it was taught: if your company fails, then your company fails, and its detritus will feed growth elsewhere.
But it turns out some companies are special and are too big to fail because when they go, dozens of other propped up companies collapse with them.
I can’t help but wonder if we let that catastrophe happen, would it serve as a reminder why capitalism needs to be strictly regulated? Because we undid all the regulations erected thanks to the subprime mortgage crisis of 2007, and private equity is still demolishing huge chunks of the economy while investors get rich on bankruptcy shenanigans. This is the same kind of aristocratic bullshit as 1789.
We had a peaceful protest. OWS. Then one night, NYC turned off all the cameras and unpeacefully swept it away. We were told they didn’t have specific demands. But they did, and their grievance was legit regardless.
So now, society is stratified. The ownership class has segregated itself from the working class and they won’t consider grievances from the third estate. We saw during the Obama administration a _recovering economy _is not felt by the working class. We see now they’re glad to install a one-party autocracy to keep it that way.
To be fair this was always the endgame. Our industrialst betters were sore over the New Deal. And later, school integration and interracial marriage.
I think their plan is to literally arm robotic dogs with guns and try to to rule us at gunpoint, kinda like Hebron. See XKCD 1968.