Since 2020, billionaire fortunes are up while the wealth of the bottom 60% has declined. Oxfam has urged governments to rein in the "billionaire class."
It estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders even as millions of workers faced a cost of living crisis as inflation led to wage cuts in real terms.
I guess we know where all this “inflation” came from.
And stop calling it “profits”, it’s theft. They are stealing from customers by overcharging, and they are stealing from employees by not paying them enough.
There’s absolutely no reason why their workers aren’t getting a large chunk of that money, especially when “profits” are up an average of 52 goddamn percent.
When the hell is enough money enough for these assholes? What are they planning to do with all this hoarded wealth? Buy a country?
They plan to buy bunkers and staff (I really do not mean hire staff, I do mean buy - they are debating how to control their staff once the economy collapses, and have floated the idea of bomb collars) to ride out the apocalypse they are actively causing.
It’s all very backward thinking. They can’t even envision not ruining the planet, they are planning for it as an inevitability.
Don’t worry, they don’t have that much foresight. One of the reasons that people cling on to conspiracy theories of evil cabals running the planet are so popular is because it’s slightly more comforting than coming to the realization that no one is actually controlling anything. Society is held precariously on a knifes edge by social norms. And no one actually knows what’s going to happen, because no one is really controlling anything but their small greedy power enclave they have carved out wherever on this rock.
I guess we know where all this “inflation” came from.
And stop calling it “profits”, it’s theft. They are stealing from customers by overcharging, and they are stealing from employees by not paying them enough.
There’s absolutely no reason why their workers aren’t getting a large chunk of that money, especially when “profits” are up an average of 52 goddamn percent.
When the hell is enough money enough for these assholes? What are they planning to do with all this hoarded wealth? Buy a country?
They plan to buy bunkers and staff (I really do not mean hire staff, I do mean buy - they are debating how to control their staff once the economy collapses, and have floated the idea of bomb collars) to ride out the apocalypse they are actively causing.
It’s all very backward thinking. They can’t even envision not ruining the planet, they are planning for it as an inevitability.
https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff
https://www.businessinsider.com/photos-inside-luxury-bunkers-ultra-rich-prepare-for-doomsday-2022-9
They are buying countries - or parts of it. For example Larry Ellison bought Lanai, which is an Hawaiian Island. There are probably more examples.
And that rich people are building sophisticated bunkers is a known fact.
A trillion is a million millions, or a thousand billions. That’s a truly unfathomable number.
Isn’t that all inflation and all profits? There’s a pretty clear correlation with inequality for both.
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Don’t worry, they don’t have that much foresight. One of the reasons that people cling on to conspiracy theories of evil cabals running the planet are so popular is because it’s slightly more comforting than coming to the realization that no one is actually controlling anything. Society is held precariously on a knifes edge by social norms. And no one actually knows what’s going to happen, because no one is really controlling anything but their small greedy power enclave they have carved out wherever on this rock.
We’ll basically be turned into fuel cells… like on The Matrix… but it’ll be billionaires controlling the machines… probably made by Tesla.
They will literally always need us, read chapters 15 and 16 of Capital which covers automation.