I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
- Start date
Richard D. WolffVerified account @profwolff 9m9 minutes ago
Defenders of capitalism are wrong about global poverty. Research shows capitalism's last 300 years did not end extreme poverty. For the last 40 years it worsened global poverty (except for China). Capitalism's extreme inequality has no legitimate excuse.
Bill Gates says poverty is decreasing. He couldn’t be more wrong | Jason Hickel
"So what happens if we measure global poverty at the low end of this more realistic spectrum – $7.40 per day, to be extra conservative? Well, we see that the number of people living under this line has increased dramatically since measurements began in 1981, reaching some 4.2 billion people today. Suddenly the happy Davos narrative melts away.
This is a ringing indictment of our global economic system, which is failing the vast majority of humanity. Our world is richer than ever before, but virtually all of it is being captured by a small elite. Only 5% of all new income from global growth trickles down to the poorest 60% – and yet they are the people who produce most of the food and goods that the world consumes, toiling away in those factories, plantations and mines to which they were condemned 200 years ago. It is madness – and no amount of mansplaining from billionaires will be adequate to justify it."
Defenders of capitalism are wrong about global poverty. Research shows capitalism's last 300 years did not end extreme poverty. For the last 40 years it worsened global poverty (except for China). Capitalism's extreme inequality has no legitimate excuse.
Bill Gates says poverty is decreasing. He couldn’t be more wrong | Jason Hickel
"So what happens if we measure global poverty at the low end of this more realistic spectrum – $7.40 per day, to be extra conservative? Well, we see that the number of people living under this line has increased dramatically since measurements began in 1981, reaching some 4.2 billion people today. Suddenly the happy Davos narrative melts away.
This is a ringing indictment of our global economic system, which is failing the vast majority of humanity. Our world is richer than ever before, but virtually all of it is being captured by a small elite. Only 5% of all new income from global growth trickles down to the poorest 60% – and yet they are the people who produce most of the food and goods that the world consumes, toiling away in those factories, plantations and mines to which they were condemned 200 years ago. It is madness – and no amount of mansplaining from billionaires will be adequate to justify it."
im just shocked that trump would consider herman cain to work for the Federal reserve.
i knew things were getting bad quick in america, but this seems like a really bad idea. maybe im wrong and its just typical badness. greenspan was a crook.
Are You Taxed More Than the Rich?
i knew things were getting bad quick in america, but this seems like a really bad idea. maybe im wrong and its just typical badness. greenspan was a crook.
Are You Taxed More Than the Rich?
Returntosender
Well-Known Member
capitalism and govt lowers peoples expectations basically so the rich can get richer.
i was skiing today and it was a 6 outta 10, they should be charging by the hour instead of a day pass or nothing, and theres other things these ski capitalists could be doing.
but as i went up the chairlift i was looking at the other people on the chairlift and thought if everyone on the mountain today gave a 1 star review, the company who profits off of socialist mountains would be less greedy.
i went to customer service and asked for a partial refund or im giving 1 star on google so im going to edit the 1 star review i already gave them.
on a side note i just got $25 because of another 1 star review i did.
i was skiing today and it was a 6 outta 10, they should be charging by the hour instead of a day pass or nothing, and theres other things these ski capitalists could be doing.
but as i went up the chairlift i was looking at the other people on the chairlift and thought if everyone on the mountain today gave a 1 star review, the company who profits off of socialist mountains would be less greedy.
i went to customer service and asked for a partial refund or im giving 1 star on google so im going to edit the 1 star review i already gave them.
on a side note i just got $25 because of another 1 star review i did.
american capitalism keeps african americans in a permanent recession relative to white americans:
Richard D. WolffVerified account @profwolff Feb 5
Black unemployment in the US remains over twice the rate for whites. Unemployment for both fell and rose repeatedly. That forced millions into debts, losing homes, ending educations, etc. We can do better than capitalism and its burden of instability.
Richard D. WolffVerified account @profwolff Feb 5
Black unemployment in the US remains over twice the rate for whites. Unemployment for both fell and rose repeatedly. That forced millions into debts, losing homes, ending educations, etc. We can do better than capitalism and its burden of instability.
capitalism has lots in common with other failed economic systems which is why it also fails:
Richard D. WolffVerified account @profwolff Feb 8
Right-wingers say socialism killed millions (USSR, China, etc.).
What? In last 300 years capitalist colonialism (Asia, Africa, Latin America, etc.), countless wars (+ 2 world wars) killed millions.
Social violence is a serious issue perverted by right-wingers.
130 replies 1,251 retweets 3,454 likes
Richard D. WolffVerified account @profwolff Feb 8
Right-wingers say socialism killed millions (USSR, China, etc.).
What? In last 300 years capitalist colonialism (Asia, Africa, Latin America, etc.), countless wars (+ 2 world wars) killed millions.
Social violence is a serious issue perverted by right-wingers.
130 replies 1,251 retweets 3,454 likes
america has worst inequality in its history i believe:
Richard D. WolffVerified account @profwolff Feb 10
After the last 40 years of redistributing wealth from middle and poor to the top 1%, they now denounce as "wealth redistribution" when people want to redistribute in the opposite direction.
The richest 1% only want one-way redistribution. #HowCapitalismWorks
Richard D. WolffVerified account @profwolff Feb 10
After the last 40 years of redistributing wealth from middle and poor to the top 1%, they now denounce as "wealth redistribution" when people want to redistribute in the opposite direction.
The richest 1% only want one-way redistribution. #HowCapitalismWorks
not good. heard about subprime auto loans years ago.
rickyb always ahead of hte curve:
https://www.washingtonpost.com/busi...economy/?noredirect=on&utm_term=.94be0ea2c968
rickyb always ahead of hte curve:
https://www.washingtonpost.com/busi...economy/?noredirect=on&utm_term=.94be0ea2c968
Operational needs
Virescit Vulnere Virtus
Maybe if people stopped buying cars that were more expensive than what they can afford they wouldn’t have this problem.
oldngray
nowhere special
1989
Well-Known Member
Many times doctors do say how may hours you can work each day.
Future
Victory Ride
Weight restrictions etc
oldngray
nowhere special
If you are fat you get to take days off?
DriveInDriveOut
Inordinately Right
Nah.
Just file bankruptcy like Trump.
Operational needs
Virescit Vulnere Virtus
A girl I work with was just telling me the other day that she bought a new Honda. Car payment is over $500! Granted, she still lives in her parent’s basement at 40 some years old. lol.
1989
Well-Known Member
It is definitely a warning. Maybe time to tighten the credit markets again. Then the people who can’t afford a new car will have to settle for a $5000 used one.
oldngray
nowhere special
Amazes me how some people think they are too good to drive around in an older car. Even if they aren't working.
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