4 ms·
It seems very clear to the man on the street, the fights are getting more fierce. Assets prices increase and the bottom 80% are getting squeezed out of many thi
by throwaway8291 7y ago
It seems very clear to the man on the street, the fights are getting more fierce. Assets prices increase and the bottom 80% are getting squeezed out of many things, slowly but surely: education, housing and with that also out of participation in society.
There is literally nothing, that hints at progress at this point: Tech and internet will has turned into permanent surveillance, the home surveillance is rolled out, the internet of things and workspace will be next, allowing for google analytics on labor.
And if workers complain too much, increase investments in software and data tools and replace a bunch of wet ware with some tool; heck, half of the "knowledge workers" today might be obsolete already.
The average person won't have much to laugh for the next few decades. We live in a sad time, where the most miraculous things man can create (machines that "think") will be the prime weapons of the owners against the non-owners. I fear this will be a costly battle.
- tim333 7y agoThese things go in cycles. Eventually the 80% will likely vote in a government that evens things out a bit.
- throwaway8291 7y agoGermany had boom times and 1/3 of a few regions already voted for a right wing, borderline fascist party. Imagine what will happen (in a few years) if economy tanks and people seek to punish previous governments even more.
- tenpies 7y agoThe hilarious part to me is the elites saying "but look at the data". No. The whole point is that we've reversed engineered the economy so that "inflation is under 2%", meanwhile an entire generation is basically condemned to never own their dwelling. Unemployment is "historically low" but that's because you have people with Masters degrees driving for Uber and in the "gig" economy. The stock market is performing tremendously, but that's because we've pumped nearly 4 Trillion dollars into it beginning with Obama's presidency. I am not sure how much longer it goes, but if there is an uprising it's going to be brutal. It's not going to be just bankers and politicians, it's going to come after the technocrats who helped engineer all this and the celebrities that pretended everything was okay.
- navigatesol 7y agoHome ownership rates for the under 35s are down, but not substantially. They are also increasing. Putting $4T "into the stock market" as if it's vaporized is simply nonsense.
- wait-a-minute 7y agoWith the insane property taxes the left wants to levy on personal dwellings, you never really own anything anyway. It's not a problem with just the elites - it's a problem with the leftists pretending to be on the side of the worker but then implementing 2% to 4% yearly property tax bills. See: Illinois.