• UnderpantsWeevil@lemmy.world
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      14 days 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.

      • SupahRevs@lemmy.world
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        14 days ago

        Which is why we need to invest in non-capitalist owned economies. The more we grow these economies the more resilient the average person can be. Things like the CFNE need to expand https://cooperativefund.org/. More businesses need to be in a circular local economy where people’s needs can be met without the wealthiest getting profits.

  • Corridor8031@lemmy.ml
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    15 days ago

    Forbes says the top 400 have 6,6 trillions and the entry point is at 3,8 billion.

    If this would be distributed to everyone instead, everyone in usa could have their net worth increased by ~ 18,700$ (like a portfolio) and there still would be like A LOT of billionairs

    Capitalists keep saying in socialism everyone would be poor equally. I would be fine beeing equally poor like this.

    (https://www.forbes.com/sites/forbes-spotlights/2025/09/09/forbes-unveils-2025-forbes-400-ranking-of-richest-americans/)

  • taiyang@lemmy.world
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    15 days ago

    If it makes you feel better, I’ve noticed a lot, lot more private security in the uber-rich neighborhood I have to pass to get to work.

    They’re scared.

  • DeICEAmerica@lemmy.world
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    15 days 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.

  • OhStopYellingAtMe@lemmy.world
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    15 days ago

    The poor & dimwitted rubes who voted for trump see this as a good thing. They claim to be Christian but really they worship money.

  • EndOfLine@lemmy.world
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    15 days 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.