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Economy

In reply to the discussion: How Capitalism Went Off the Rails [View all]

bucolic_frolic

(51,623 posts)
3. Cynical pundits warned us of "economic distortions" but didn't elaborate in 2009.
Thu Jun 20, 2024, 06:27 AM
Jun 2024

Yes when money is free, plug in the cost of capital (0) into your spreadsheet. Profits are infinite.Trust busting went that away. So we have unfettered capitalism. Capital has won, the wealthy have won. The masses are, as usual, too distracted, uneducated, uninformed, uncaring to realize what's happened. The parties can't tell them, the rich call them commies. But the dummies know football, movies, and music. Progressives are the hope of the world? Wait until they're 40 and tire of frugality and work.

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