>>518535114
>On top of that, offshoring destroying local economies to solely benefit the billionaire class. How many lives were destroyed by those things?
It's almost more sinister than that. The money gets vacuumed from us to the billionaire class by the Fed, the billionaire class then gives it to hedge funds and private equity firms which use the money to buy 5-15% of every listed company (or in the case of private equity, any midsize business that's going through tough times) and this then achieves a de facto oligopoly, because if you own a share of every business in a sector then you don't want competition, you don't want any one business to succeed because then others would fail and that's bad for your portfolio. So we get the result of a nationalized economy behind a smokescreen but there's no central planning, just the low quality and high cost of goods and services which are the inevitable result of monopolies and/or oligopolies. And then communist dog-zappers make tiktoks about late stage capitalism
