The peasants are rising up against the elites and the stock market again
(media.patriots.win)
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sounds like commie bullshit to me
It's a class issue only because the system favours the rich..... America is capitalism in name only. This isn't some but muh true capitalism was never tried before. No. It has. And it's great. Until it's not. Most capitalists accept that the system isn't designed to be perfect. It typically falls to authoritarianism eventually, where power is inevitably consolidated. It's better than the alternative, though, that skips the line to authoritarianism.
America hasn't been back to its roots for a long time. The fact that the overton window has shifted so much that cIassicaIIiberaIs of yesterday are conservatives of today proves it, imo.....
That being said, maybe it's not even a class issue so much as it is an issue of power distribution vs power consolidation.
This is correct. A free market doesn't suddenly suspend trading because some Hedge Fund fuckers are set to lose a bunch of money. Free Market Capitalism says "let them burn" and every artificial barrier to that actually happening is yet more evidence that we aren't in a Free Market, and haven't been for a really long time.
No, but a truly free market also allows things like collusion and price fixing. I don't want a free market, nor a centrally planned one, I want a competitive market. I want regulation, but I also think that regulations should be proven to increase market competition before they're passed. Deregulatory capture is as real as regulatory capture.
Well, yes and no.
I agree that a truly free market has serious issues around, for example, externalized costs, deregulatory capture, etc. Just as with political governance: some underlying framework needs to protect the interests of the individual from the overreach of mob rule or market monopoly dominance. But it's a delicate balancing act that in the West long ago tipped over in to regulatory capture and market control against the general interests of the unwashed public masses.
the thing that's going to happen is we're going to end up temporarily on the same side as the disenfranchised left
it will be nice to have their help but you need to be aware of what happens after and the long game
I wouldn’t say it favors the rich, it favors the correct rich connected people.
That's more like it. The top of this sub-thread comes awfully close to "workers of the world, unite," which is literally a communist slogan.
The markets are being used as weapons. They can crash it, get bailed out by taxpayer money, and do it all over again. Bankers, hedge funds, and politicians make tons of money, everyone else gets fucked. We're looking at 2008 unfold again in real time, except it's transparent and everyone is watching.
It's not a class issue. It's a power issue. We let the government have too much power. Banks and government work together to fuck everyone, and crash a market once every decade or so.
And we don't even have the power to say "no" anymore. That power would have been to stop paying income taxes, everyone in the country, all at once. But we have withholding, so we pay taxes before we even make the money. And we can't even vote anymore, either. And after this, no more access to financial markets. Everyone see where this is going?
Where it always goes:
Feudalism.
Panzers rolling on Poland, but it's Canada this time.
yes a power issue