this post was submitted on 24 Jun 2024
130 points (99.2% liked)

World News

32318 readers
830 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 4 months ago

The super-profits stopped going to working class boomers a long time ago now, except for some who are still on fat pensions or who didn’t get fucked by the 2008 crash and continued to manage their investment portfolio well and didn’t get wrecked by medical costs.

The profits are going to fewer & fewer as companies get more & more consolidated, and as our neocolonialism begins to falter along with our global hegemony. Even the lower end of the petit bourgeois are feeling economic precarity nowadays: The Nation, 2017: Trumpism: It’s Coming From the Suburbs