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Newspaper in 1924 writing to historians in 2024 , Casper daily Tribune , 25th march 1924.
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this post was submitted on 22 Oct 2023
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A Boring Dystopia
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A real free market would mean that no one gets any bailouts when they fail. All the banks and real-estate scammers would be out of business 1,000,000 times over if we had a real free market.
It would actually be possible to work your way to a better place if we had a real free market where people are chosen by merit for the best positions. The majority of the parasites on the board of executives of every corporation would be fired instantly, because none of them contribute to anything.
It's not true capitalism we're living in, we're living in a corporate dictatorship where the ultra rich are the only ones who ever really win at the economic game we all have to play to survive.
Corporatism & monopoly are the natural evolution of "true" & "free market" capitalism. Wealth accumulates, markets are manipulated, rules are rewritten. There's a reason we call it "late stage" capitalism.
No argument there. I'm just saying, no one is supposed to get any socialism in a real free market.
When billionaires lose all their money from being stupid, arrogant narcissists, they get bailouts, and regular people go bankrupt because of medical bills, or they lose all their money from trying to keep up with their student debt, we're fucked for the rest of our lives.
We really need to tax all billionaires by 99% of their money above like...$10,000,000 in one year. We have to set the nominal rate that high, because of the loopholes and deductions, once that's all accounted for, the effective rate will only be 50% at most.
All these idiots in congress talk about the debt and deficit as a reason to stop the cashflow of disability benefits and social safetynet programs, but then without missing a beat they say that we need to spend even more billions on war or bailing out the scammers on wallstreet that committed so much fraud they crashed the economy in 2008.
Like I said...corporate dictatorship oligarchy