top | item 34037558

(no title)

NickRandom | 3 years ago

My prediction: The Rich will continue to get richer and corporate profits will continue to skyrocket while the poor continue to get screwed over because the global economy is in recession while in fact the global elite continue to profit at the expense of the common man.

Ok, not much insight there (aka ‘same as it ever was’) but I am always fascinated about how easily human behaviour can be moulded, moderated and distracted simply by reducing the amount of crumbs left on the table to create infighting and disharmony instead of focusing attention on where the money is going and to who.

I mean, I get it - When the choice is between paying the bills and keeping a roof over your head or fighting for social justice and equality then the choice (on an individual level) is an easy one but I'm always disappointed that the populace are so easily distracted and divided by the creation of artificial scarcity and that they/we/us continue to fall for it every single time.

discuss

order

c22|3 years ago

I don't know. When I was younger and worked menial jobs and lived in crappy places it was pretty easy for me to surf through two recessions by just adapting to where I was (true, I did live in a car for two months in 2008). Now I have more wealth, but also more bills. If my wife loses her job or I lose too many clients we will have a problem. I'm still better off than those guys in suits flinging themselves from the top of an office building.

NickRandom|3 years ago

And of the twice (now thrice) that it happened to yourself? Who profited? Was it yourself?

To quote your reply "If my wife loses her job or I lose too many clients we will have a problem." Ask yourself this - Cui bono? ("to whom is it a benefit?")

(I presume the 'guys flinging themselves from buildings’ refers to the Black Friday 1869 Stock Market crash?) [From Wikipedia] The crash was a consequence of an attempt by financier Jay Gould and railway magnate James Fisk to corner the gold market and drive up the price.

Perhaps it was a reference to the 1929 Wall Street Crash? If so perhaps a quote would help - "How can a very serious Stock Exchange collapse produce a serious setback to industry when industrial production is for the most part in a healthy and balanced condition?"

Consider both points and wonder whether or not the people like yourself are being played as pawns.

[Edit to update]: When I refer to the global elite I don't mean any particular race or religion because at the end of the day the only true global religion at this point in human history is who has the biggest bank balance. Consider this - Elon Musk's top position has now been displaced by the CEO of LVMH (Moët Hennessy Louis Vuitton). In every single recession the profits from luxury goods has increased. Ask yourself why.