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by sigmoid102 hours ago |
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upvoteby Gibbon19 minutes ago|
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Financial looting is not good for the labor market. Who could guess.
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upvoteby dataviz10002 hours ago|
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How am I supposed to consolidate my power if the market doesn't crash so I can purchase residential and commercial real estate at bargain prices? Every third restaurant and business on Las Olas was shuttered in 2009, the buildings sold for next to nothing. Today there's one after another—Ferrari, Bugatti, Lamborghini, Porsche, Bentley, Maserati—parked on the street in front of those same buildings, all the while, Steve B. and I enjoy that Luigi's coal fired pizza! /s
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upvoteby shimman2 hours ago|
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Yeah, they call this "accumulation by dispossession" and it's been a mainstay of neoliberal economics since it's inception roughly ~50 years ago:

https://en.wikipedia.org/wiki/Accumulation_by_dispossession

Don't know why you're downvoted, that such possibilities are allowed in a completely made up system that can be changed at any time to better society, and not just ~10,000 people across the world, is a gross indictment of the current system.

All neoliberalism has done is made us more alienated, privatized the public commons, destroyed the environment, and hasten income inequality to levels that were worse than the gilded age.

If something doesn't change soon... we'll you can use your imagination to fill in the blanks.

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upvoteby Herring1 hours ago|
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That Thatcher example was brutal. I have an interest in social housing (Vienna, Singapore). The idea of selling it like that is insane to me, like if Taiwan sold TSMC for pennies on the dollar. And made it illegal to start another chipmaking company.
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upvoteby dataviz10001 hours ago|
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> Ultimately, the new homeowners were also borrowers and paid portions of their yearly income as interest on long-term mortgages

The United States does similar and we also have a nice twist on the concept. We have $38,000,000,000,000 in national debt which increased $2,500,000,000,000 in 2025. Which is like $111,764 per citizen with ~$3,000 in interest payments a year each, all going to a handful of families (and Japan) who hold most the debt as an investment.

The US government borrowed the money, gave the money back to people the government borrowed it from in form of kickback contracts, subsidies to oil companies and farmers who vote for the politicians who increased the debt by $2,500,000,000,000 in 2025, and every citizen is responsible for paying the interest on it.

As an American, all of this is insane to me.

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upvoteby throwawayqqq111 hours ago|
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The solution can be quite simple when you consider money created as debt. The ever increasing private wealth must be proportional to the ever increasing debt, of which governments hold the most of. Its simple imbalance, the ~3000 bucks annual interest doesnt have to be the problem of the many, because their wealth wasnt increasing proportionally.
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