Rustic
Diamond Member
- Oct 3, 2015
- 58,769
- 5,894
Capitalism. Societal race to the bottom while chasing profit margin growth to infinity for the substantial people.
Spoken like a true Marxist, comrade.
Not at all. Spoken like a true capitalist.
The only thing that needs steady and sustained growth for those at the bottom to succeed, is a pyramid scheme. What happens to those at the bottom when they can't find any more suckers to buy in and keep the pyramid growing?
What a business needs to do is to be profitable for its owners. To produce a good product that people want or need, and sell it at a fair price.
This rampage of unsustainable growth is the "cowboy economy", and it has created a situation where the profits of all of the labourers in the world, is accruing to an ever small number of elites and oligarch's the world over.
Richest 1% on target to own two-thirds of all wealth by 2030
Around the world, the profits are flowing steadily to the top. US Corporations didn't use their tax cuts to give raises to their workers. They used the money to buy out minority stockholders, and increase the value of their issued shares, further concentrating the ownership of these mega corporations in the hands of fewer and fewer people.
1% of the world's population owns half of its wealth. You think those people are making decisions to benefit you? Do you think that electing one of these people as President is to your benefit or to theirs?