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~* Make America Great Depression Again -- Official Thread of Corona Virus infected markets *~


Jason

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3 minutes ago, Spawn_of_Apathy said:

So when put between a choice of workers rights and fucking over Bezos, Donald will still choose to fuck over the little guy. Not surprised. 

There bezos bashing is for show; red meat for his culture war. Fucking over the little guy is the goal, the real objective, so that the wealthy can continue to crush the working class with impunity

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15 minutes ago, b_m_b_m_b_m said:

There bezos bashing is for show; red meat for his culture war. Fucking over the little guy is the goal, the real objective, so that the wealthy can continue to crush the working class with impunity

 

Why would the rich want the working class to be poorer?  Won't the poor eventually not be able to afford to spend their money on these rich people's services? 

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19 minutes ago, mclumber1 said:

 

Why would the rich want the working class to be poorer?  Won't the poor eventually not be able to afford to spend their money on these rich people's services? 

 

They will simply expand the amount of debt that poor people have access to, which will allow the spending to continue for a while longer. Most of these super-rich people are fairly old, so I don't think they really care what happens 20 or 30+ years from now.

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20 minutes ago, mclumber1 said:

 

Why would the rich want the working class to be poorer?  Won't the poor eventually not be able to afford to spend their money on these rich people's services? 

It’s also about control. Keeping their working class suppressed to a point of feeling indentured, just to keep the wheels turning. The kind of place where, sure, the employees get paid time off, but there is almost never a “good time” they can request a day off. And the time doesn’t roll over at the end of the year. It is just lost. But they also can’t afford to be unemployed, because they’ve never made enough to put any money into savings. 

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18 minutes ago, mclumber1 said:

 

Why would the rich want the working class to be poorer?  Won't the poor eventually not be able to afford to spend their money on these rich people's services? 

What "rich people services" are you talking about? Like Amazon prime and the products they sell? Cause let me tell you about the working conditions in China, too...

 

The goal is to give them as little wages, security, and opportunity as possible, while extracting every dollar of value out of them as possible. Literally capitalism. This means firing and actively suppressing unionization efforts, efforts that would increase the power of their workers not only for wages and benefits, but working conditions as well, and using the power of the state to help in this suppression.

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4 minutes ago, osxmatt said:

 

I'd like to think I would say something, but I feel like this is the kind of person that carries and would kill me.

If you’re white, you might get a warning to shut up. If not, nope, they’ll shoot you with no hesitation or warning and claim self defense. 

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Corporate America really has figured out all ways to fuck us. On a basic level, they have the GOP to decimate worker rights under the guise of individual free market freedom. Then they have Democrats to support mass immigration and call anyone against it racist so when Amazon strips their workers of all their rights and people threaten to quit to get better treatment, they have an immigrant ready to replace you because a suck shit Amazon job is still better than what they had back home. It's brilliant really. 

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8 minutes ago, sblfilms said:


 

Get yo tix now

 

 

Is this that comedian you were talking about earlier? How does a show at the drive in even work, are you going to have a stage for them and everyone just attends in their cars like a drive in movie or are they going to play a pre made video?

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1 minute ago, Dodger said:

 

 

Is this that comedian you were talking about earlier? How does a show at the drive in even work, are you going to have a stage for them and everyone just attends in their cars like a drive in movie or are they going to play a pre made video?

They are building a stage, lighting, sound, the whole 9. You just watch from your vehicle.

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42 minutes ago, Dodger said:

Corporate America really has figured out all ways to fuck us. On a basic level, they have the GOP to decimate worker rights under the guise of individual free market freedom. Then they have Democrats to support mass immigration and call anyone against it racist so when Amazon strips their workers of all their rights and people threaten to quit to get better treatment, they have an immigrant ready to replace you because a suck shit Amazon job is still better than what they had back home. It's brilliant really. 

And Dems won't really push to roll back the "gains" the right made when they were in power. Ratchet theory

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24 minutes ago, Dodger said:

Corporate America really has figured out all ways to fuck us. On a basic level, they have the GOP to decimate worker rights under the guise of individual free market freedom. Then they have Democrats to support mass immigration and call anyone against it racist so when Amazon strips their workers of all their rights and people threaten to quit to get better treatment, they have an immigrant ready to replace you because a suck shit Amazon job is still better than what they had back home. It's brilliant really. 

Business used to have it better in the 19th century, before unions took hold. Republicans these days say they want deregulation, but what they really want is to deregulate companies and regulars the workers. Preventing workers from unionizing, Protecting companies from litigation, allowing contractual agreements with company to be iron-clad, while allowing companies to get out of contractual obligations to the employees. 

 

companies would love nothing more than to be able to operate like FOXCONN in China. Practically owning their employees, and controlling much of their life. 

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3 hours ago, Dodger said:

Corporate America really has figured out all ways to fuck us. On a basic level, they have the GOP to decimate worker rights under the guise of individual free market freedom. Then they have Democrats to support mass immigration and call anyone against it racist so when Amazon strips their workers of all their rights and people threaten to quit to get better treatment, they have an immigrant ready to replace you because a suck shit Amazon job is still better than what they had back home. It's brilliant really. 

 

Amazon doesn't hire undocumented workers. Wtf are you even talking about?

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44 minutes ago, Jose said:

 

Amazon doesn't hire undocumented workers. Wtf are you even talking about?


 

they don’t have to be illegal. They just need low wage labor ready to replace you the second you think about quitting or protesting. I saw an article on  Amazon how amazon has an algorithm for Whole Foods stores to see how likely a store is to try and unionize. Apparently a high risk factor for unionizing is low diversity in the store. Fuck I work in insurance claims and we don’t even have this kind of statistical accuracy. The efforts being used to suppress our wages go far beyond political lobbying.

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3 minutes ago, Dodger said:


 

they don’t have to be illegal. They just need low wage labor ready to replace you the second you think about quitting or protesting. I saw an article on  Amazon how amazon has an algorithm for Whole Foods stores to see how likely a store is to try and unionize. Apparently a high risk factor for unionizing is low diversity in the store. Fuck I work in insurance claims and we don’t even have this kind of statistical accuracy. The efforts being used to suppress our wages go far beyond political lobbying.

 

There has not been mass legal immigration in this country for a very long time and least of all in the unskilled job sectors. Find a different scapegoat.

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4 minutes ago, Dodger said:


 

they don’t have to be illegal. They just need low wage labor ready to replace you the second you think about quitting or protesting. I saw an article on  Amazon how amazon has an algorithm for Whole Foods stores to see how likely a store is to try and unionize. Apparently a high risk factor for unionizing is low diversity in the store. Fuck I work in insurance claims and we don’t even have this kind of statistical accuracy. The efforts being used to suppress our wages go far beyond political lobbying.

Also there's this

 

 

Anti unionization efforts get the attention of the richest man on the planet. They don't want workers to have power

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36 minutes ago, Jose said:

 

There has not been mass legal immigration in this country for a very long time and least of all in the unskilled job sectors. Find a different scapegoat.

 

 It doesn't specifically have to be Amazon, and you don't have to be a "fresh off the boat" illegal immigrant that got here yesterday to be exploited. Companies want a large, downtrodden poor underclass pool of labor because people like that are easily exploitable and replaceable. Those people don't all have to be here illegally. There are plenty of people here completely legal, born here or otherwise that are so bad off that being treated like shit at Amazon is still better than the alternative. 

 

 

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I finally got around to listening to some of this dude’s music on Spotify today.

 

May not be running a kids show on the other screen those nights :lol:

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13 hours ago, mclumber1 said:

 

Why would the rich want the working class to be poorer?  Won't the poor eventually not be able to afford to spend their money on these rich people's services? 

This is what would follow if Say’s Law actually worked the way Austrian-libertarian and supply-side economists say it does.  Capital would be incentivized to finance the demand for its own products by paying its workers enough to allow them to buy what they produce, thus enabling a virtuous ‘circular flow’ (as Say dubbed it) between production and consumption, and giving them a stake in growing the incomes of the rest of society.

 

But it just doesn’t work that way right now, IRL, because Say, the Austrians and the supply-siders all overlook the destabilizing force of debt.  More specifically, they fail to account for the fact that at a certain point, particularly after industrial capital has helped facilitate a high degree of widespread proletarianization and a given ‘wave’ of technological development has reached its peak and begins to decelerate, the richest members of the ruling class often find themselves in a situation where they can only get their incomes to grow faster than the average by getting the average wage-earner to go further and further into debt, because they don’t have any other way to raise productivity without having to raise the wage rate accordingly. (raising it under said conditions would make it impossible for their income to grow faster than the average)

 

Over time this dynamic starts to disrupt the circular flow Say posited, as a greater and greater share of the income of wage-earners gets diverted away from buying what they produce and disappears into the black hole of debt service—not only because Capital is encouraging it, but also by dint of the simple fact that debts grow exponentially via the rate of interest, and productivity does not.  Thence the ruling class inevitably becomes very gradually incentivized, over the course of the aforementioned long ‘waves’ of technological change—particularly as it becomes dominated by finance capital, and industrial capital falls from power—to *decrease* the real incomes of workers, and we actually get the exact opposite situation Say’s Law proposes.

 

Historically, societies have tried to fight this destabilizing tendency through A.) forgiving a large proportion of personal debts via law/fiat, B.)devaluation of the currency/periods of high inflation,  or C.) financial crises wiping the debts out in orgies of bankruptcy.

 

Right now, we’re in a strange epoch where it seems all three options are being shut down, particularly in the US; we tried B in the 1970s, but paradoxically the devaluation of the dollar in that decade set the stage for several decades of a strong dollar and the mass financialization of the economy.  The specter of the Great Depression has made C politically impossible, as 2008 and the bailouts showed, and nobody seriously talks about A, although proposals to forgive student loans show that the general concept is gaining some currency.

 

Absent these impediments, with a greatly reduced debt overhead and with industrial capital back in charge, one might conceive of a day where Say’s Law holds again, (at least until the debts once again become burdensome enough to get in the way) and the richest of the ruling class do indeed have a motive to grow the incomes of the working class.  (You could argue this is already the case in certain countries, like Germany and China, but it cannot be said to be the norm IMO) But right now, the richest of the ruling class do indeed have a perverse incentive to see that the working class sees its fortunes shrink.

 

One hopes that something in the coming decades remedies the situation in time for the next ‘wave’ (likely to revolve around AI, automation, and 3D-printing/light manufacturing) without necessitating something as drastic as a depression or a world war.

 

 

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On 4/30/2020 at 12:53 PM, MarSolo said:

As an Italian of superior culinary tastes, this entire thread disgusts me.

 

Pineapple on pizza is a crime and whoever gets it on their pizza is also going under the guillotine.

Hot peppers, pineapple and feta is the greatest food in the universe. I call it the hot and sour pizza!  I get it on half a pizza 90% of the time 

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