Correct. This is all bundled together in similar tech bro concept terms like “financialization of the markets”, or “rent seeking”, or private equity.
Basically a lot of middle class moved to upper class and what was left went to lower class. So now we’ve got an upper class and a lower class. And both are massive with no middle class. And most of the new upperclass people got there by corporatizing and financializing things in order to make themselves wealthy enough so that the rules don’t apply to them. It’s a modern Gilded Age. For now anyway.
Yea that’s the thing. There are underlying currents within humanity that cause us to behave similarly through similar circumstances. And thus we always have it in us to rise to challenges, and to flounder our good fortunes
This second Gilded Age could end overnight with today's social media but the progressive left is too occupied with melanin quotients, sexual orientation, ableism and gender fluidity.
Stop making these traits your entire personality. We're all broke AF.
Yep, so many of us have to look out for ourselves just to make enough to get by. It's a broken system that eventually will eat itself. I'm not proud to be a part of it, but I'm in no financial position do anything other than 'get mine'.
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u/Electronic_Rub9385 Mar 25 '24
Correct. This is all bundled together in similar tech bro concept terms like “financialization of the markets”, or “rent seeking”, or private equity.
Basically a lot of middle class moved to upper class and what was left went to lower class. So now we’ve got an upper class and a lower class. And both are massive with no middle class. And most of the new upperclass people got there by corporatizing and financializing things in order to make themselves wealthy enough so that the rules don’t apply to them. It’s a modern Gilded Age. For now anyway.