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Late Stage Capitalism is Socialism. Capitalism drives wealth distribution to the Top. The wealth moves from the masses to the few. Then, the poor get so poor

Late Stage Capitalism is Socialism. Capitalism drives wealth distribution to the Top. The wealth moves from the masses to the few. Then, the poor get so poor that society starts to break down. The 'workers' can no longer afford to live where the work is. But this upsets the rich -> "why can't I hire dishwashers? why can't I hire house keepers". So, the Rich start actually supporting 'socialist' type programs like 'food stamps' in order to keep some bare minimum of surviving population to serve them. If a population is starving, then it is can quickly turn into violent revolution. The Rich would rather chill and have a nice lunch, so they allow a limited amount of re-distribution of the wealth back to the poor (socialism), but just at the minimum needed to reduce the poor's desperation enough to keep them from turning into the violent revolution. The growing trend of vast numbers of people with full time jobs that also need welfare to eat, is the indicator that society is reaching the end game. They are no longer employees, there is no longer a free market for the supply/demand of labor, it is all supply, and all are reduced to slaves. Just happily ignorant of it, because just enough money is allowed to trickle down. But it isn't earned money, labor no longer has value, it is a determined measured trickle down, that is just enough to keep people working.

sacnoradhq 3y ago
Socialism* *for the rich, and social Darwinian abject poverty for everyone else. Occasionally, crumbs are thrown to mollify the unresolved grievances. (Social Security was just a big crumb, and Medicare isn't single-payer and is for-profit considering how it's structured.)
FrustratedMonky 3y ago
Not sure why there is disagreement. It is clearly happening. https://www.foxbusiness.com/markets/walmart-mcdonalds-largest-employers-snap-medicaid-recipients https://www.foxbusiness.com/markets/walmart-mcdonalds-larges... I'm not pro Socialism, or Capitalism. I'm saying they are part of the same system. The rich use "socialist" type programs as another means of control. To support the system that benefits the rich. In this case, Harvard (the Rich) benefits from the Government subsidizing the Harvard workforce with welfare (Socialism).
pjmorris 3y ago
Here's Mariner Eccles, one-time Fed chair (the current Fed building is named after him), agreeing (IMO) with you: "It is utterly impossible, as this country has demonstrated again and again, for the rich to save as much as they have been trying to save, and save anything that is worth saving. They can save idle factories and useless railroad coaches; they can save empty office buildings and closed banks; they can save paper evidences of foreign loans; but as a class they can not save anything that is worth saving, above and beyond the amount that is made profitable by the increase of consumer buying. It is for the interests of the well to do – to protect them from the results of their own folly – that we should take from them a sufficient amount of their surplus to enable consumers to consume and business to operate at a profit. This is not “soaking the rich”; it is saving the rich. Incidentally, it is the only way to assure them the serenity and security which they do not have at the present moment." [0] Technically, he's quoting another economist, in congressional testimony. [0] https://fraser.stlouisfed.org/files/docs/meltzer/ecctes33.pdf https://fraser.stlouisfed.org/files/docs/meltzer/ecctes33.pd...

sacnoradhq 3y ago

Socialism* *for the rich, and social Darwinian abject poverty for everyone else. Occasionally, crumbs are thrown to mollify the unresolved grievances. (Social Security was just a big crumb, and Medicare isn't single-payer and is for-profit considering how it's structured.)

FrustratedMonky 3y ago

Not sure why there is disagreement. It is clearly happening. https://www.foxbusiness.com/markets/walmart-mcdonalds-largest-employers-snap-medicaid-recipients https://www.foxbusiness.com/markets/walmart-mcdonalds-larges... I'm not pro Socialism, or Capitalism. I'm saying they are part of the same system. The rich use "socialist" type programs as another means of control. To support the system that benefits the rich. In this case, Harvard (the Rich) benefits from the Government subsidizing the Harvard workforce with welfare (Socialism).

pjmorris 3y ago

Here's Mariner Eccles, one-time Fed chair (the current Fed building is named after him), agreeing (IMO) with you: "It is utterly impossible, as this country has demonstrated again and again, for the rich to save as much as they have been trying to save, and save anything that is worth saving. They can save idle factories and useless railroad coaches; they can save empty office buildings and closed banks; they can save paper evidences of foreign loans; but as a class they can not save anything that is worth saving, above and beyond the amount that is made profitable by the increase of consumer buying. It is for the interests of the well to do – to protect them from the results of their own folly – that we should take from them a sufficient amount of their surplus to enable consumers to consume and business to operate at a profit. This is not “soaking the rich”; it is saving the rich. Incidentally, it is the only way to assure them the serenity and security which they do not have at the present moment." [0] Technically, he's quoting another economist, in congressional testimony. [0] https://fraser.stlouisfed.org/files/docs/meltzer/ecctes33.pdf https://fraser.stlouisfed.org/files/docs/meltzer/ecctes33.pd...