Quote:
Originally Posted by Azure
Oh is that what you're calling it?
Government in bed with big business resulting in trillions of dollars worth of taxpayer money flowing into the hands of a few and we call that 'modern capitalism.'
Interesting spin on things I guess.
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Uhhh, yeah? Are you serious? I honestly can't tell. I hope you're not so naive to think that governments being basically bought by moneyed interests is some new thing. Why do you think rich people spend billions of dollars on campaign contributions and lobbying?
Do you think it's an accident that in the 30 years before COVID that the wealth of the top 0.1% in the US (basically people worth $50M+) increased at a rate that's about 3x as fast as the bottom 90%? Basically our entire economic system is designed to favor those with capital and to funnel wealth to them. That naturally leads to those with less capital (middle and working classes) falling behind. Asset prices get driven up and governments run huge deficits to keep tax rates artificially low. Then when that becomes untenable, governments enact austerity policies that primarily hurt the working class.