Capitalism cannot continue to exist without it begging for socialist bailouts.
Just proves that socialism is superior. It can even float a shit system like capitalism as it continues to fail.
this post was submitted on 03 Apr 2025
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You literally stated the story of my fucking life.
It’s the same crisis, in various stages of escalation. The rich are squeezing more and more of the lower and middle class all over the world, and there is almost nothing left to squeeze.
The next few years will bring a massive collapse in government services (the USA is starting) for ordinary people, because that is one of the last things that the rich can still squeeze out.
After that, there will be only the ultra rich and the destitute poor left; and the ultra rich will only be able to take from each other.
This will mean war, and they will send you all into it.
Unless we stop it now. Tax the rich.
After that, there will be only the ultra rich and the destitute poor left; and the ultra rich will only be able to take from each other.
It's already starting to happen. Half of consumer spending in the US is done by just the top 10% of earners. For an economy built on consumer spending this means that you get more economic growth by giving those rich people more money to spend, not by lifting up the other 90%.
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It starts to make sense when you realize that each of those events is basically a fire sale for billionaire investors.
Just look at income inequality before/after each of those events.
This is the truth.
The economic crisis's have all been real, they all really have been huge events that have restructured life for everyone, it's just that they're not accidental, they're not unforseen consequences of policy decisions nobody could have imagined... they're engineered, or foreseen with great clarity.
And every time, the rich get richer and the poor get poorer and the so-called middle-class shrinks even more. Prices go up, we all have to work a few more hours in the week, we get less in return, our future dreams dwindle, and we plug into social media and AI slop and drugs and alcohol to placate us while we say "I just gotta save up enough so I can..."
And those savings NEVER increase. There is always some event, some family crisis, some medical problem or a car breaks down or your parent dies or the company you work at gets bought out and your 6 years of experience only makes you a liability for the new management team who wants to make a culture of "young, energetic pioneers." (who they can pay less.)
The wealthy are at their happiest and strongest when they exist as they have for centuries, land-owners up high, living off the hard work and struggles of thousands of people beneath them, shaving a bit off everyone's pay, offloading their problems to people who are already struggling. They want to run around in the manor and keep getting wasted and banging winches while we serfs toil in the fields we don't own.
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Don't forget - you were also BORN into a once in a generation economic crisis: The savings and loan crisis of the 1980s and 1990s was the failure of approximately a third of the savings and loan associations in the United States between 1986 and 1995. These thrifts were banks that historically specialized in fixed-rate mortgage lending.
Wait, I miss this, did a new recession just drop?
We never really recovered from COVID.
Not officially, no.
But yes, it's already here.
If it hasn't yet it's about to. 1-5% daily drops across the stock market for the past month pretty much and now with a 10%+ minimum tariff on all imports means everything is going to get way more expensive. I'll chew a brick if we're not in a recession by the end of the year
At this point I'm just ignoring my 401k and hoping time in the market makes up for this fuckery....
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At that point, is it a recession or should we just call the 2020s: depression part 2 AI boogaloo?
Yeah I'm pretty sure it'll end up turning into the Great Depression 2.0 with ✨AI Enhancements✨
I heard this with that stupid woooww sound every IG post has in it
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Me when capitalism
Capitalism works if we factory reset it every 10 years or so.
That 10 years coincides with US debt and bankruptcy law. "Like a free Uno reverse card", a quote that needs be in grade school textbooks.
Oh yes, that's true
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It never really felt to me like the tech bubble crash was that big a deal to many people outside of a group of greedy rich assholes. There's always collateral damage of course, but the only change I really witnessed was a stop to people getting paid 20x the median salary after spending a few weeks with a Teach Yourself Perl in 24 Hours book.