alt Hacker NewsThe real pain will hit the working class harder, but the nominal pain will hit the capital class harder. Historically, this is how inequality unwinds. See: recessions, World War II. Let's hope to god that this is "just" a recession and doesn't cook into World War III.
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timacles • 04/03/2025
Definitely looks like an intentional precursor to WW3.
- Threats of annexations - Existing conflicts in North America, Middle East, Europe and Asia. (whats up with South America?) - Mass unemployment and poverty in US freeing up able bodied people for some soldiering - Right wing blowhards everywhere
Just crazy that this is essentially because rich people dont want to pay some debts, and some crazy russian guy's ego
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The current spending bill has a 4.5T giveaway to corps and the ultra rich. The goal is to drive prices to the floor and then buy everything up.
What's a 50% drop in value to a billionaire? Most of them would still be a billionaire and the ones that fall from that group still have more money than they could ever spend. No wealthy person will truly feel what's going on. They'll still vacation and eat their caviar. Caricatures aside, it's absurd to compare someone stock sheet numbers going down with people not able to find medical care or feed themselves.