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'Soft landing' means top 1% gets record stock prices while you get stuck with inflation, analyst says (creditnews.com)
submitted 2 years ago by to c/news@lemmy.world
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[–] 48 points 2 years ago (3 children)

Late stage capitalism means everyone is fucked except the 1%. It's worse than feudalism in some ways.

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  • [–] 22 points 2 years ago (1 child)

    You could get together enough serfs to overthrow the local lord.

    Much harder to do with a board of directors overseas, unfortunately.

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  • [–] 6 points 2 years ago (1 child)

    That said, the Peasant's Revolt didn't do well. The Black Death, however, basically ended serfdom because mobile labor was in high demand.

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  • [–] 3 points 2 years ago* (last edited 2 years ago) (2 children)

    the peasant's revolt went really well on places like russia...

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  • [–] 16 points 2 years ago (1 child)

    Medieval serfs definitely had more free time.

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  • [–] 22 points 2 years ago (1 child)

    I am still trying to figure out how I am currently working more than I ever have with less free time than ever, and yet also manage to somehow have less disposable income than ever as well...

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  • [–] 14 points 2 years ago* (last edited 2 years ago)

    Record profits dont make themselves, and the ceos arent making anything, selling anything, or providing any services themselves. They simply sit back and direct all the value created by you and others who did make the product, sell the product, or provide services. It's honestly that simple.

    The ratio of how much money you get to keep compared to the total monetary value your labor produces has never been lower. Or to put it in economic speak, 'stock prices have never been higher'.

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  • [–] 3 points 2 years ago

    Especially if you consider the “1%” include doctors, lawyers, engineers etc. Workers, like you and me. The real divide is between the 0.01% and the rest of us. It’s between a couple thousand in each continent, and the rest of us. All 8 billion of us.

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