Capitalism is not failing.
What we are seeing is Capitalism succeeding.
Fun fact, https://en.m.wikipedia.org/wiki/The_purpose_of_a_system_is_what_it_does.
So arguably not even being hyperbolic.
Right, it’s just the democratic park of Democratic Capitalism
Turns out, the one part contradicts the second part
If only someone saw that one coming…
looks at stonks I don’t think so…
The previous poster may be implying that capitalism may be sold to the general public as a means for everyone to be able to achieve (financial) equality (or better) through hard work, yet is actually a means designed to consolidate power. It seems like a decent theory since the less restrictions are placed on the market the more it favors unlimited power and resource colsolidation. /imho
Can’t grow your wealth exponentially if stocks always go up, now can you?
Project 2025 architects after handing over the fascist paint by numbers guide book to trump only to watch him destroy capitalism anyways
Shocked pikachu
What makes you think he’s destroying capitalism?
The Republicans have basically made it so that billionaires can purchase whatever they want at a steep discount.
This is going exactly as planned.
There was a rather fringey plan to use tariffs to basically force other countries to accept even more American billionaire domination of the global economy. But this only slightly resembles that plan, nobody really knows what Trump is doing now, least of all Trump himself.
so that billionaires can purchase whatever they want at a steep discount.
The stock market has already wiped out trillions and 90% of stocks are owned by the top 10%.
The 0.01% will always do well. They have enough money they will literally always win in capitalism.
But they’ve syphoned almost all they can from the bottom 90%. That 10% waking up and siding with the 90% is historically what it takes to overthrow the 0.01%.
This is going exactly as planned.
That doesn’t mean it will end well.
The 0.01% are like a gambler who went double or nothing 100x in a row and never lost, and now thinks losing is impossible. Eventually they lose it all or the casino boss decides they’re not gonna cash out their chips and whacks a guy in alley. Even if they don’t lose a game, they ain’t walking away with all of a casino’s money.
You sure about that? A lot of wealth is tied to share price.
Pretty sure that right now, the only billionaire with a ton of cash on hand is Warren Buffett
Pretty sure you don’t know how being a multi billionaire works. They will leverage current holdings to buy low. And there is no billionaire without a crazy amount of diversified holdings, including easily liquefied investments.
On Lemmy UI you can do:
:pikachu->
Select it from the drop-down or hit tab
:pikachu
Edit: bummer it’s not part of the markdown
:theloniousmonk
Dang didn’t work either
deleted by creator
Yes, it’s the official web version. It doesn’t on mobile apps afaik.
Unhinged means unhinged.
capitalsts think that until fascism goes for them too
That happens? Hitler and Mussolini were great for capitalists. Germany and Italy came out of WWII with wages slashed, labor unions and communists killed, a lot of privatization, and so on. WWII had one winner, and it’s capital.
All of them have to kiss ass and pay to curry the king’s favor so he hopefully doesn’t have them removed and replaced with cronies who do him favors.
Yep all the rich Jews who supported hitler still ended up enjoying death trains
Capitalists don’t know they where doing fascism the whole time
Usually the capitalists are the ones who kind of complain but don’t do anything to prevent the facism from happening, somehow expecting someone else to step in when they are the ones with power.
And facism naturally follows from massive wealth inequality in capitalism, if leftist movements are silenced, and the population is angry, well the facists will win.
For a time, at least.
Capitalists don’t want the market to crash like this
fascism is a particular brand of capitalism that circles the wagons to ensure that its socially privileged groups are the only people who can benefit from the market; this group is significantly smaller than the rest of the population and, so, it forces the market to contract as this action takes place.
in other words: crashing markets is a side effect; not the goal.
Nah, the big ones have their generous bailouts already guaranteed by Trump and the small fry doesn’t have much influence to stop anything.
Actually fixing economic disasters is the only thing where fascism can be quite effective.
I’m sorry, but outside of Singapore, do you have any single example?
Because well, “it worked this one time on the entire history of the world” isn’t the flex you seem to think it is.
Singapore was not fascism.
It is more closely related to authoritarian socialism.
Authoritarian capitalism with welfare and competent management
Yes. I don’t know the correct English terminology for that though. Before the company goes bankrupt the court may force the company to being working under outside supervision with rather wide powers. Not caring about what owners or workers think about it. Literal fascism. The idea is that all sides are interested to company to live. And if nothing helps then it will just continue with bankruptcy. Nobody loses much.
That’s not even close to fascism.
so you think fascism is laws and contracts? dude. fascism is violence and chaos. in your analogy, fascism wouldn’t be the bank foreclosing because of a failure to pay, it would be the factory owner putting his son in charge and telling him to burn the place down so that the payment records for his majority minority workforce are destroyed and he can deny not paying them
Literal fascism.
You have a really odd definition of fascism.
cite your sources because it basically always goes exactly like this. fascism is just capitalist greed going mask off, and it always results in mass scale theft and grift, and with us, the regular folk, getting tortured for not being born wealthy. it only ever ends with living conditions getting so bad that a war breaks out in which us, the regular folk, storm the fascist trenches and bunkers to oust them and take back what was always ours. what’s more, is that consistently we, the regular folk, always get sold out by the elites who decided to take our side right at the very end, allowing fascism to survive enough to come back around a century later. that’s what Hannah Arendt was warning us about in her nuremberg trials testimony. that the world leaders putting the nazis on trial weren’t so different from the nazis themselves when you get right down to it. and then it happened: project paperclip brought the nazis best and brightest to the west, and what did they do? plant the seeds of fascism to arise again.
Pretty naive.
When the big fishes are all fascists (or communist like China is today), there’s not need for capitalism.
(or communist like China is today)
Why do people think communism is what China has?
Do you think NK are democratic too? It’s right there in the name, why would a dictator lie?
/s
I’ve not heard anyone call China communist for a while. At least not anyone trying to speak with accuracy about wealth distribution over there.
Actually, income inequality has quite lowered in china. It’s 0,36 gini. While it used to be equal to USA.
The USA increased its income inequality while China lowered theirs. Gotta pay due diligence
But that still doesn’t mean communism. It may be socialism. Props to em for less inequality though.
