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It's very clear once you realize the people perpetrating this don't care one whit for the "economy" writ large, only their personal wealth and that of their cro
by nyc_data_geek1 2y ago
It's very clear once you realize the people perpetrating this don't care one whit for the "economy" writ large, only their personal wealth and that of their cronies. The dumber, meaner and more desperate the population is, the easier the time they think they'll have ruling over them, as unto kings in this new gilded age.
Of course, they forget what came after the gilded age. It's raining stockbrokers - err, oligarchs!
- dekhn 2y agothat's bad strategic thinking (obviously) because it places at a huge disadvantage to our main competitors.
- nyc_data_geek1 2y agoWhat makes you think they care?
- dekhn 2y agoIt's hard to be a feudal lord with bows and arrows when the civilization next door has cannons and covets your resources. I thought they'd care because if they are working so hard to sieze control, you'd think they'd want to hold on to it.
- obelos 2y agoTo a large degree their wealth is transnational and will move on to the next trough after emptying this one.