And by “inflation,” they really mean unregulated and industry-coordinated price-gouging.
this post was submitted on 23 Jan 2024
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Late stage capitalism means everyone is fucked except the 1%. It's worse than feudalism in some ways.
You could get together enough serfs to overthrow the local lord.
Much harder to do with a board of directors overseas, unfortunately.
That said, the Peasant's Revolt didn't do well. The Black Death, however, basically ended serfdom because mobile labor was in high demand.
the peasant's revolt went really well on places like russia...
I think we're talking about two different revolts.
The one I'm talking about is this one- https://en.wikipedia.org/wiki/Peasants%27_Revolt
The one you're talking about is on this list- https://en.wikipedia.org/wiki/List_of_peasant_revolts
my dude, the russian revolution was mostly peasants.
Especially if you consider the “1%” include doctors, lawyers, engineers etc. Workers, like you and me. The real divide is between the 0.01% and the rest of us. It’s between a couple thousand in each continent, and the rest of us. All 8 billion of us.
Eat the rich
You can tell we finally hit the soft landing because people switched from "THE 1% IS DRIVING US INTO A RECESSION" to this accusatory "actually avoiding recession is just what the 1% wanted all along!"
The 1% are doing way better than you, regardless. Common people should want low-but-non-zero inflation, positive real income growth, and low unemployment, and people who own stock should want stock market gains. We got all four right now. That's good. Things are allowed to be good even if they are also good for the 1%.
Every time they print more money it means your money is worth less, and the 1% get to own all the real stuff
Fighting the 1% is stupid. Take a random sample of 100 people and pick the richest person. Do you think this person is an uber billionaire? Or just a very highly paid doctor, or tech bro?
Most of the 1%ers ($10M net worth) are closer to you and i than a guy with $100M net worth. The lower end of the 1% is on our side.
Start going after the 0.1%
The more they print money, the more people buy into that monetarist bullshit while the rich rob us by driving up prices and claiming "inflation".
“Indeed, the skew is so large, with the top 1% benefitting the most, the end result is ever-widening wealth inequality. Central banks drive this,” he said.
I see we're still reaching for the wrong boogeyman. That'll keep wealth inequality intact.