- cross-posted to:
- canada@lemmy.ca
- cross-posted to:
- canada@lemmy.ca
19% would be the complacent middle class 🤮
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The system is progressing as expected. The US is further ahead on the timeline. If they collapse first, that may trigger a systemic reset here, before we’ve reached their stage of fascist dystopia. Get your demands ready and demand more than people did during the 1930s. Much more.
I believe the wealth inequality has clearly being caused by the Fed, cheap money, bailouts, which debased salaries and gatekept basic necessities like shelter. Occupy Wallstreet had it right, and all the other things are symptoms of currency debasement.
Imagine playing a game of monopoly where someone can just create new currency, would you sell your house for cash, or would you horde them and borrow as much as possible? Thats whats been playing out in the economy, and how an unprofitable company like Tesla can be a 1.5 trillion dollar company, tech oligarchs and AI bubbles are built on moral hazard.
That’s a common idea. It does not explain well what’s been happening though. The Fed has definitey done things to exacerbate inequality and accelerate it but the system creates inequality without the need for Fed intervention. The post-Depression to 80s period was out of the ordinary for inequality and for prosperity of the working class. Look at some wealth share graphs that span into the 19th century or earlier and you’ll see that the system creates these effects even on gold standards with no Fed.
This is what the US looks like:
Here’s one going further back in some countries:
And here’s a more detailed picture in the US and Canada going to the 1920. Note that given the first one, i equality didn’t explode in the 7-year period between the creatiom of the Fed and 1920. It was far high way earlier:
I believe this fits the rest of the story much much more neatly:
And I think the alternative explanations proposed by various economists that don’t lean on labour power are a distraction that enables continued inequality growth, while we chase geese. Oh let’s push that lever, it’s going to help, a decade passes, inequality worse. Oh let’s push that other lever. A decade passes, inequality grows. Oh let’s push that other … Meanwhile the only solution that has ever worked in creating prosperity for the many is staring us in the face.
BTW I did not downvote but I suspect a lot of people here know these things and just don’t have the energy to explain their view so they just hit the button. I’ve been there. I also used to believe the monetarist explanation.
Complacent middle class, or rapidly shrinking and struggling to not fall further middle class?
Yeah, the issue here isn’t the middle class, it’s as usual, the owner class that’s the problem
The middle class is their tool. They are incented to perpetuate this bullshit.
The middle class is like the personal carbon footprint - it’s a fabrication created by the ultra-wealthy to divert responsibility from themselves. There is only the owner class and the working class.
We should be dragging them from their homes and blessing them with the prayers of Saint Luigi. Nobody collects this much wealth in a fair or just system, one that also impoverishes workers so much it’s causing a silent genocide of the working class.
They enacted strict gun laws but expanded which law enforcement can carry firearms for this purpose.
They don’t care about any mass shooting victim. They claim to remember the 14 of polytechnique just to make it look like it is.
In reality gun laws in Canada were always about suppressing labor uprisings, sectarian uprisings (like the Irish in the 19th century, the Quebec bloc in the 1970s, and the Oka crisis in the 90s). Americans like to talk about taking up arms against the government but Canadians actually have.
But on a more realistic note I wish it was that easy to just get a mob of people to drag them out. But unlike times past when it was possible, they live so far apart from us and travel via helicopter and airplane as much as possible specifically to be as hard as possible to corner.
Fascist love guns but don’t like them when “other” groups have them. Guns are the oppressive force and fascists know this well.
