Chu 朱

I honestly don't get how the upper class old money let Trump systematically destroy their money presses. These old rich families must know that their wealth depends on the stability of the political system and American hegemony.

Are they all so greedy and stupid that they don't see the money trees getting uprooted?

All these short term gains and quarter by quarter earnings reports have made them lose the plot.

Mar 7 at 5:03amWeb
Show threadMatildaMar 7
@chu I wonder about this too. The only thing I can think is that they also want power and status. In Trumps world they are the only people that matter? (Except obv Trump is the only person who thinks he matters)?? Dunno
Show threadAlexanderVIMar 7

@junklight @chu

Old money is not what is driving the current short-termism. Old money is long-termist; it wants to protect and grow its legacy. New (Silicon Valley, venture capital) money wants hyperscaling and asset stripping.

This is a repeat of Western capitalists eclipsing aristocrats over the course of the 15th to 19th centuries. Trollope's "The Way We Live Now" is partly about this.

Show threadChu 朱Mar 7

@AlexanderVI @junklight

Right... So why aren't they using their power, money, and influence to stop it is what I'm wondering.

Show threadnimu εїз🖖🏻🦝Mar 7

@chu somehow that same thing keeps happening again and again in the history of fascist regimes 🤡 the elites initially treat the leader as someone gullible they can exploit under controlled conditions in order to serve their own agenda, only for him to keep getting more access to the system and exploiting it to the point where they can't get rid of him

on this subject, i recomend the tv show "m: son of the century" and also one of the lastest johnny harris' videos :) (https://www.youtube.com/watch?v=GV8KGcFqeLc)

Is Fascism Back?

YouTube
Show threadMisuse CaseMar 10

@chu @rberger I keep saying that folks should think of what happened with the Titan submersible and the long and short of it is that the owner of the submersible and his wealthy passengers were so insulated from the problems that plague regular people that they really believed they could buy their way out of physics.

That’s what we’re dealing with and it’s really scary.

Show threadCoach Pāṇini ®Mar 10
@MisuseCase @chu @rberger 🔥
Show threadbkMar 11
@MisuseCase
Strangely ok with this, as long as they keep it to themselves…
Show threadRaven667Mar 11
@MisuseCase @chu @rberger i mean when it comes to burning fossil fuels, we are all in the "Titan" submarine. This is why no individual human should have that much wealth, power and privilege, at some scale decisions go beyond what any individual is capable of being reaponsible/accountable for and should be made collectively, deliberately with representation from all stakeholders. That cant prevent the majority from going mad with delusions, but its a start to reduce risk
Show threadFor I am CJ   Mar 11

@chu

What they see is that:
- they're creating a world where the rules don't apply to them.. and everyone else is effectively a "vassal" who has no way to escape from anything that is wrong with the current system

The short term pain is a minor annoyance for knowing that they'll be "royalty" engaging in 'infinite wealth extraction" from the vassal class for the next 200 years.

Show threadChu 朱Mar 11

@ForiamCJ

I am hopeful the guillotines are more the future