He helped build it, he shouldn't be that surprised.
this post was submitted on 06 Feb 2024
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This is exactly the kind of economy I would expect out of billionaires who are trying to destroy the middle class and bring back Company Towns. This is what 19th century robber-baron capitalism looks like, not the kind you were taught by Elmer Fudd.
More people should read Marx. Even if you don't take everything he says, much of what he writes can be directly applied to today and can help people make sense of their current situations.
Can you recommend a book to start?
Capital is Marxism, plainly, but I'm obviously not going to recommend that to start. Instead, if you want to be more well-read than 90% of people, read Wage Labor and Capital as well as Value, Price, and Profit. You can find these on the Marxist Internet Archive for free: http://marxists.org/
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Id love to see people apply dialectical materialism to their life and society and still think "yeah but there are still good things about capitalists siphoning value out of worker's labor!"
I mean if you dont disagree with Marx on some stuff you're not a marxist, but yeah I agree with your reply to the implications
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Needs a good bottom text: am I a joke to you
Late Stage Capitalism, Crony Capitalism, pretty much textbook.
It’s not late stage capitalism or crony capitalism or über capitalsm: it’s capitalism.
That's what "late stage capitalism" means though. Not some distinct subset of capitalism, just the inevitable result of capitalism + time. The later you get, the more extreme the inherent problems become. Late stage capitalism is a declaration of degree, not type.
I like it better when there was talk of a railroad workers strike and Buffet shut the fuck up because he knew where his moneu comes from and what that would do to this fake image he's fostered. Who's gotta strike to make him shut up this time?
Funny cause Henry George keeps hitting the nail on the head from over a century ago.