keccers
@keccers.eth
If you make <$250k annually, you matter less and less to the economic outlook. https://www.marketwatch.com/story/most-americans-cant-afford-life-anymore-and-they-just-dont-matter-to-the-economy-like-they-used-to-5c5aaca5
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DV
@degenveteran.eth
Because they have more and more to spend because they take from that 90% 😲
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keccers
@keccers.eth
Yes. And now we have a bunch of confused people hating all of capitalism when really they hate this unchecked “max extract” version
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DV
@degenveteran.eth
My brother is a CPA VP Finance guy So he would explain how demands to increase wages etc wouldn't help as the people that control (CEO's etc) just increase prices, decrease amount given per transaction for same amount of money, cut workers etc in order to continue their year over year gains... Yep...
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Purp🇵🇸
@purp
But this is the inherent contradictions in capitalism that marx predicted that capitalists would never be able to solve and that would always on a long enough timeline cause the material conditions of the workers to break down that would bring capitalisms demise
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keccers
@keccers.eth
I do not support "the end of capitalism" but I also understand that today our political system would probably not put a regulatory check on cigarettes so not really sure what the plan is
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Purp🇵🇸
@purp
But like what is the end of capitalism? Even lenin realized that capitalism had gotten to big to replace and his post revolutionary economic plan included a free market system with for profit markets
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Purp🇵🇸
@purp
Same with China, if you want the best for the workers, you have to atleast in this political climate internationally some "capitalism" what's important is how the workers are protected
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Purp🇵🇸
@purp
Some "capitalism " is whatever *
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