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Corporations 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 w
by taurath 4y ago
Corporations 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.