love how all the billionaires are all just billionaires because they own a lot of stock in the other billionaires ai companies that have yet to turn a profit but have mega contracts with every government.
it's like an incestuous circle of shit.
It's like how the C-suite denizens all make vast millions because they sit on each others' boards and vote for each others' absurd compensation packages. Not because they have any particular abilities to speak of. It's a circlejerk in the finest sense of the term.
Also, who does the money belong to?
Is it Elons because he owns the stock?
Or is it the company's?
The money doesn't exist until elon sells the stocks.
He can take massive loans with the stock as collateral. 1% liquidity at 1 trillion is a fucking lot of money.
Doesn't even have to sell any of it. Just borrows against it as collateral and pays the loans off with new loans borrowed against the ever-increasing value.
This is how they afford things, and why they want infinite growth. Their lifestyle requires an endless grift and funneling of money to them.
And when we do it were called stupid or bad at money.
People do this all the time, and it works until you try to realize the gains and it all falls apart. There is a guy that was worth 2 billion that took out loans. He went bankrupt overnight when the loans were called in and selling his stocks caused a cascade. Literally went broke overnight.
Depends on if there's a lawsuit
hey dont leave millennials out of this, we hate capitalism too. i bet genx does too if anyone would remember to ask them.
Boomers only love it because they experience the most socialized version of it and were told their whole life, "This is capitalism". Then, they were slowly propagized to believe that the socialized parts of capitalism they experienced were the cause of all the bad things that happened, even though that was the fault of the underlying capitalism. It's honestly embarrassing for them, because most of their parents and grandparents would have called themselves socialists, anarchists, union members, and communists.
i love capitalism.
yup dead serious about loving to watch it die in a massive firey blaze.
I'm a millennial as well and honestly not enough of us hate capitalism lol
And from the Gen Xers I've met, as long as you don't say "This is because of capitalism" then they be right there with you hating it.
Early millennial. I have a friend from high school who hates communism. If you describe all the problems he will agree with you. Rich people, big business corrupt politicians all the way up to the point of saying capitalism is the problem. Suddenly its poor people and immigrants, like how somehow the very small number of rich assholes exploiting everyone isnt the problem but other people who are being exploited worse are. I have tried so hard to get through, but he just can't bridge that gap.
Capitalism is the problem, but communism isn't the answer. As we've seen from some very comprehensive examples.
Need to do like the successful Europeans and use socialism to beat capitalism into submission.
if poor people are a problem and rich people are a problem, maybe a robin hood type situation would help
Makes me so mad how many people in general will agree on the world's issues right up to the point I use the word "capitalism". Like, I know it sounds stupid, but the clue is literally in the name. What is taking you all so long?
For GenX much more than later generations, they were exposed to propaganda as children saying that the main alternative to capitalism was tankies. So if you criticize capitalism, then you must support Stalin.
It still seems to be a thing, that the only possible communism is post Stalin USSR (or 21st century China).
Not discussed often is the degree to which western industrialist interests aggressively acted to sabotage efforts for societies to form an egalitarian socialist democracy. Both the British empire and the US empire are guilty of this, often to the point of brutally overthrowing such governments in favor of puppet dictatorships.
So one criticism of communism might be that they are susceptible to intervention by larger bullyish states, but that's true of any society, regardless of how it's organized.
Propaganda, baby
Nah, Gen X are just Boomers-Lite
Not all of us. We just got old and all our rage didn’t change shit. I’m sorry. Some of us are still here and trying 🤗.
But for real; I wish you didn’t have to inherit this.
As if half of them are like Boomers and half of them are like Millennials, for some reason.
hate capitalism too.
Yup, GenX.
Yep ! :3
I feel many of my millennial friends have been more or less. "co-opted" by capitalism through good paying jobs. I don't really blame them. Life is still not too bad in my country and change is scary and painful.
Nathaniel Swigger is dangerously close to a shitpost name
I was thinking about this some time ago. You have more money than donald trump, I mean, if you cross along with Donald Trump and you ask him to borrow you 5 dollars, he will not have any cash on him. Everything he buys, eats, and services that he use is with money already owed.
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