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This goes way, way beyond partisan politics. “Late stage capitalism” is a term that more and more people are going to become familiar with in the coming years
by LapsangGuzzler 3y ago
This goes way, way beyond partisan politics.
“Late stage capitalism” is a term that more and more people are going to become familiar with in the coming years as profit-driven corporations continue to plunder basic necessities like housing and healthcare and put them behind paywalls that fewer and fewer can afford.
The US government has done a good job historically of keeping food prices low enough to prevent mass starvation since that’s a major leading indicator of civil unrest, but the rent is too damn high and it’s only gonna get uglier.
- lockhouse 3y agoRight or wrong, many people will see it this way…under Trump the economy was good for average Americans and under Biden it’s the worst it has been in decades. Joe and Jane Sixpack don’t care about GDP or the government’s official unemployment or inflation numbers. They see the price at the gas pumps and in the grocery store and their dwindling bank account balances. Rent, food, and fuel inflation has been brutal for most Americans.
- bmarquez 3y agoIn other words, "it's the economy, stupid" (That phrase was used by James Carville to help Bill Clinton get elected in 1992)
- HardlyCurious 3y agoHigh rent is caused by limitations on market activity. It is caused by zoning and regulations that prevent building housing, or make building housing more expensive. You are blaming capitalism for a problem that is entirely created by poor government regulation. But hey, if you prefer, check out what life is in like in late stage socialism. There they built walls to keep people in instead of to keep people out.