@hacks4pancakes my money's on stupidity and myopia.
One thing I learned in ivy league, finance, etc. is that the legacy admission, unpaid internship affording, getting jobs by mommy/daddy's network social class is really, really... REALLY stupid.
@hacks4pancakes I used to have a mental model of right-wing economical theory being geared towards maximizing profits from and creating new companies like GE, Ford, etc - but I couldn't get it to match what policies were actually made.
When readjusting this mental model as striving towards classic English landed gentry with a servant class totally dependent on their every whim for survival, it started to match better.
Personal power over others, not GDP or even stock gains.
Is this a book or what?
It's because everything is an externality to them; it's like how people can be fully employed by Walmart and still have to be on food stamps.
Walmart doesn't have to take up the slack by raising their pay, it's someone else's money.
They fully believe that there'll always be a marketplace for their products because someone else's company is paying a customer/client wages and they don't have to worry about their own employees.
There is no "end point".
There is no grand project, or grand conspiracy.
These people are complete idiots, psychopaths at best.
Yes, they do not see anything beyond the next quarter results.
I am absolutely, 100% serious.
Say it with me: CEOs are just lucky psychopaths who happened to be in the right place, at the right time.
Most rich people just inherited their wealth.
Both categories of people above are usually dumb as bricks.
Seize the means of production and impose democracy and the rule of law in your companies! By all means necessary!
EU citizen? Have you signed off on taxing the rich yet? Chances are you didnt as only 300k people of the needed million have signed. We have less than a month! How should we expect to change anything if we cant even agree that 2000 people owning the world is a BAD IDEA??? Please do your citizens duty and sign the petition! https://eci.ec.europa.eu/038/public/#/screen/home You are not one of them and you will never become one of them. Dont let them brainwash you into thinking they need your help.
As others smarter than me have pointed out they want us all to be serfs.
@hacks4pancakes At some point the populous at large gets pushed far enough and you probably end up with mass unrest. We saw a little bit of that with the 1% protests.
But it sure does seem capitalism has run its course and we are ripe for a fundamental change in a lot of categories. I suppose the question is how much longer can the ruling class can hang onto the system that got us here.
Of course a third of the country thinks a fascist oligarch will save the country.