alt Hacker NewsWe've seen in the K-shaped economy of late a new kind of consumerism.
The top 10% of consumers accounted for half of all spending in the second quarter of 2025.
Capitalism will happily chug along while leaving a massive number of people desperately poor.
There's a reason the AI CEOs have all become obsessed with the concept of a "permanent underclass."
If a UBI is ever "given" it will be just enough to keep the underclass from rising up and killing the owner class and not one cent more.
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It's funny, because extreme poverty rates as defined by the UN have been decimated in the last century, and continue to drop, because of growth qua capitalism.
You're reflecting the populist notion that wealth is zero-sum. If that were true we'd still be in caves fighting over sticks. The average quality of life has skyrocketed in the last century alongside growth, and there's no non-capitalist country now or in history that's been an enviable place for average people to live.
> There's a reason the AI CEOs have all become obsessed with the concept of a "permanent underclass.
it's not for nothin that they've been slipping Zachariah 13:8 into discussions that show up in places like 8chan or ssethtzeentech videos
"Declares the LORD: 'in all the land, two-thirds will be cut off and perish, but one-third will be left alive' "
The marketing and agit-prop types would call this "priming" or "conditioning"