not so coincidentally, support for the various forms of anti capitalism and communism has been on the rise too.
Late stage capitalism, I did not like that term but since the beginning of last year I started to understand it and read up on the topic. We need to jump into socialism faster!
We printed 40% more money supply during Covid debasing peoples salaries.
We did mass immigration into an existing housing shortage as corporations lobbied for cheap labor, to depress wages after we had inflation from the aforementioned money printing.
We now buy half of all mortgage bonds to make borrowing cheaper to further drive up asset prices, as Carney just announced he is buying up unsold condos in Ontario at an inflated price using borrowed public money.
So did capitalism do any of this, or do we keep voting in corrupt governments who continue debasing peoples salaries, enriching those holding inflation resistant assets like real estate and equities?
Has Canada been speaking to Australia about going full lucky country?
Never go full lucky country.
Welcome to waking life! 🎉
I have been pro socialism for most of my life, even before I knew what it was. I was born and raised in Saskatchewan, an area that relies on socialism even if the majority of the population lean to the right.
Amen. A few of us been developing understanding over the last little while. Some might say develiping … class consciousness.
I was listening to a lecture on meritocracy and how it lead to higher disparities than pre-desegregation black-white divide. The lecturer made the point that there are very few peaceful examples for unwinding the level of inequality that exists today - like the post-Great Depression US under FDR.
Careful not to get too attached to the “late stage” part. Odds are the system will burn everything to the ground and save itself a la WWI/II.
I hope capitalism burns its self to the ground, and we are forced to rethink things. I hope it does not require the whole war part but Trump, Putin, and their friends are forcing us into a global war.
I doubt anything will be called WWIII because the Old Testament, you know the book all the abrahamic religions are based on, says there will be 3 world wars and the third will be the war to end all life. The academics says we are past WWIII though, Some even saying we are past WWIV. However getting all the higher ups from all the abrahamic religions to agree on anything is next to impossible, some still follow the Old Testament, some follow the New Testament, some follow the Koran, I am not sure if multiple follow the watch tower, and some follow the vibes and feels of their leaders.
It puts freedom itself in peril. Slavery and servitude to corporations and private wealth is inevitable if wealth and power concentration continues.
🍽️
Don’t get me wrong, this is a very bad development and it really threatens democracies. But the truth is that wealth inequality is even worse in dictatorships like China or Russia, and it has been widening at an even faster pace than in Canada, Europe and their democratic allies.
Blablabla but China blablablabla
Dude, what’s with you and hating china? Can you fucking chill about it already
For the unfamiliar, Sepia/Scotty/randomname/Hotznplotzn/etc are multiple sockpuppet accounts likely by the same person that spams China-bad concern trolling trolling with regular frequency. Check their post histories from the link.
I don’t hate China. This is a simple fact. Just read the statistics.
I don’t understand why so many people appear to freak out if you criticize China. It seems one can criticize everyone and everything back and forth, but if you are criticizing China you are at least whatabouted to death.
Starts with “whatabout China?” Gets called out. Replies with “stop whatabouting me!”
Worst sock puppet ever lol
A friendly table of accounts: https://lemmy.ca/post/59189266/21308433
No one is freaking out about it. The problem is that your comment doesn’t make any sense. Invoking China is a non-sequitur. Like, sir this is a Wendy’s.
I don’t hate China. This is a simple fact. Just read the statistics.
Provide “the” statistics… As if it’s that simple, sure there’s one source we are all going to trust. Also as a country that’s appreciated wealth in the last 30 years at a staggering rate, all the numbers are going to be relatively bigger.
I agree that china has loads it could be doing better, but you harp on this shit in every discussion, meanwhile the usa is actively and openly threatening canadians. To me it reads like your the one what-about-china-ing every fucking discussion.
you are criticizing China you are at least whatabouted to death.
Nobody whatabouted you at all in this discussion you just brought it up out of nowhere, and provided no means to validate it.
In China they still care a lot about the bottom most people. Also if a billionaire starts acting uppity and wants more control over govenment they can be executed or disappeared.
And those things I agree SHOULD be doable to the richest but not everyone. The reason why dipshits like Jack Ma (founder of alibaba/aliexpress) were able to amass that kind of wealth was due to the Chinese government. The moment they allow them to forget that is the moment China will be fucked.
No they don’t. You should see rural China, the parts your handlers don’t show you.
Also if a billionaire starts acting uppity and wants more control over govenment they can be executed or disappeared
…And this is a good thing? You know the same happens to people who criticize Winnie? Every bad news over there is censored, so acting like the CCP model is good is laughable.
