Via Combat
Jimmy Dore is right. Capitalism died long ago.
The rentier elites no longer need a market. They need the state, and they have it: an economy planned by Wall Street and enforced by the Federal Reserve. Bail out the banks, print the money, inflate the assets, freeze the wage.
They invented the “welfare queen” so you would spend four decades furious at a woman buying steak with food stamps.
The real welfare queens are oligarchs with a treasury and a printing press.
They socialize the losses, extract the wealth, and bill you three times: in frozen wages, in rising rents, in ever-growing debts.
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[ H/T The Burning Platform ]
Jimmy Dore is right. Capitalism died long ago.
The rentier elites no longer need a market. They need the state, and they have it: an economy planned by Wall Street and enforced by the Federal Reserve. Bail out the banks, print the money, inflate the assets, freeze the wage.
They invented the “welfare queen” so you would spend four decades furious at a woman buying steak with food stamps.
The real welfare queens are oligarchs with a treasury and a printing press.
They socialize the losses, extract the wealth, and bill you three times: in frozen wages, in rising rents, in ever-growing debts.
Tweet
Continue reading...
[ H/T The Burning Platform ]