Late Stage Capitalism
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
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What if, bear with me here, what if people just don't have as much disposable income after the dramatic transfer of wealth to the rich class we've been seeing?
The economy is collapsing and the lower classes are feeling it already. The rich investor class isn't seeing it because the tech industry has been propping up the market with their investments going all-in with unrealistic expectations for AI technology. We are currently experiencing a K-shaped recovery where the richest are on a spending spree while the poorest are cutting back their expenses. How much more obvious must it be that this is what's going on?
You want the general population to start wasting their money on useless crap again, you'll have to give them more money to work with.
They've also been propping up the market with some sketchy circular deals, swearing up and down they're not like Enron.
yeah but the culture war demands that every problem is attributed to the woke and the weak minorities /s
...you need to add the /s... otherwise, you are just an ass
will do
those people have nothing else left to cut back on.
I straight up laughed when people started talking about "skipping Black Friday/Cyber Monday deals" to "stick it to the Oligarchs," just like... must be nice to actually have enough disposable income to have been thinking about making leisure purchases during this. Some of us are broke enough that we've been putting off replacing things we need that are barely functional because we can't really afford it and sales like these are the only time we can.