4 ms·
Intentionally cratering the economy raises unemployment, which applies downward pressure on wages, and allows entities that are cash-rich and privy to the timin
by jrflowers 2y ago
Intentionally cratering the economy raises unemployment, which applies downward pressure on wages, and allows entities that are cash-rich and privy to the timings of the intentional market shocks to buy up large swathes of the country for pennies on the dollar, which makes the merger of corporate and government power smoother and more easily total.
J. Paul Getty happened to be in the right place at the right time for the 1929 market crash to result in an explosion in his net worth, what’s happening here is akin to ultra wealthy individuals recreating Black Thursday with the only difference being that it has been very publicly engineered and telegraphed in advance.
That is the steelman, if you think that those things are good things.
- buzzert 2y agoThis is the opposite of a steelman.
- jrflowers 2y agoIt is the opposite of a steelman to you. It is a matter of perspective in that if a person finds a leap forward in the consolidation of power and wealth to be abhorrent or illogical, then the act of pointing out that that is happening is itself abhorrent or illogical. Unemployment lowering wages isn’t up for debate, cash-rich folks buying at the bottom of the market is not imaginary, and no one is trying to make the point that the tariffs somehow appeared emergently like weeds in the grass — we all agree that they are being imposed intentionally by people. There is no part of what was written there that is trivial to disprove.