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With the MBA-ification takeover of American society that seemed to start in the early 80's and reach socio-political bipartisan consensus by the mid 90's it has
by im_down_w_otp 4y ago
With the MBA-ification takeover of American society that seemed to start in the early 80's and reach socio-political bipartisan consensus by the mid 90's it has since seemed to me like there's been a significant and persistent priority inversion problem in most of how the US organizes its economy, industry, and investments. The most concise way I can describe it is "pathological myopia".
- socialismisok 4y agoYou can trace it back to Reagan, basically. Which in turn led to the fetishizing of capital you describe.
- taurath 4y agoCorporations and the investment class took all the money out of the economy, and now they're about to lose it as their balance sheets dry up. It is the people who will suffer the most. It worked out okay when we had extreme levels of corporate control relative to government aka the 1950s. Privatization has made everything worse. Conservatives are tied chained to the idea that corporations provide a ladder for people but they just straight up don't, its not profitable and they can spend money on stock buybacks instead. Our economic culture is completely sick, nobody is paying attention to almost any of the real problems. A literal depression seems like the only thing that will ever make change happen at the moment.