With such large cash reserves, a financial recession is just a massive discount buying opportunity for the rich.

Meanwhile the working class has to sell off what little they have just to survive.

It’s theft, always has been.

Because it is.

Capitalism is the system of production for profit, and that is why capitalism always must have unemployed.

But look further into this system of production for profit and you will see how its basic evil works a hundred other evils.

Let us follow the shoe manufacturer of your city. He has no way of knowing, as I have already pointed out, who will or will not be able to buy his shoes. He makes a rough guess, he ‘estimates’, and he decides to manufacture, let us say, 50,000 pairs. Then he puts his product on the market. That is, the wholesaler, the jobber, and the storekeeper put them up for sale.

Suppose only 30,000 pairs were sold; 20,000 pairs remain on hand. Our manufacturer, unable to sell the balance in his own city, will try to dispose of it, in some other part of the country. But the shoe manufacturers there have also had the same experience. They also can’t sell all they have produced. The supply of shoes is greater than the demand for them, they tell you. They have to cut down production. That means the discharge of some of their employees, thus increasing the army of the unemployed.

‘Over-production’ this is called. But in truth it is not over-production at all. It is under-consumption, because there are many people who need new shoes, but they can’t afford to buy them.

The result? The warehouses are stocked with the shoes the people want but cannot buy, shops and factories close because of the ‘oversupply’. The same things happen in other industries. You are told that there is a ‘crisis’ and your wages must be reduced.

Your wages are cut; you are put on part time or you lose your work altogether. Thousands of men and women are thrown out of employment in that manner. Their wages stop and they cannot buy the food and other things they need. Are those things not to be had? No, on the contrary; the warehouses and stores are filled with them, there is too much of them there’s ‘over-production’.

So the capitalist system of production for profit results in this crazy situation:

1. people have to starve — not because there is not enough food but because there is too much of it; they have to do without the things they need, because there is too much of those things on hand;

2. because there is too much, manufacture is cut down, throwing thousands out of work;

3. being out of work and therefore not earning, those thousands lose their buying capacity. The grocer, the butcher, the tailor all suffer, as a result. That means increased unemployment all around, the crisis gets worse.

Under capitalism this happens in every industry.

Such crises are inevitable in a system of production for profit. They come from time to time; they return periodically, always getting worse. They deprive thousands and hundreds of thousands of employment causing poverty, distress, and untold misery. They result in bankruptcy and bank failures, which swallow up whatever little the worker have saved in time of ‘prosperity’. They cause want and need, drive people to despair and crime, to suicide and insanity.

Such are the results of production for profit; such the fruits of system of capitalism.

Yet that is not all. There is another result of this system, are even worse than all the others combined.

That is War.

From Now and After by Alexander Berkman. Chapter 5: Unemployment.

Available to read, or download in multiple formats, for free, here: https://theanarchistlibrary.org/library/alexander-berkman-what-is-communist-anarchism#toc7

It’s a pattern we see play out over and over. Big crash means the rich buy the dip and make out like bandits while simultaneously reaping government aid because of said crash

Don’t forget the tax payer bailouts.

Banks failed, but the wealthiest Americans stayed the wealthiest.

Always… unleashed as part of the process the assets of the wealthiest are sized so they can’t be opportunistic assholes and new laws are enacted making >10x median illegal you’ll end up with Animal Farm.

Put on that tin foil hat and hit this DMT vaporizer bro I think you’re on to something

(Begins chanting “Om”)

Y’all ever listen to that doom metal band “Om” speaking of Om? That shit is crunchy brother

Edit: Wow, tough crowd.

Edit 2: Ah, fuck it. Here’s Om! With their classic track: “At Giza.”

https://youtu.be/82BtANu7CBs?is=ixMaRdrjYrv1iYJ4

Sorry for the Ai overview, but I don’t live there so only care sooo much. And oddly from Europe I can’t access some pages without swapping my VPN to there.

Here you go:

Workers’ Share of U.S. Income Hits 43% as Nixon’s 1971 Break Gets Revisited – Idaho Public Press https://share.google/WiCCqpQFXbWjfMGch

When economic experts and financial outlets look at this metric, they pull from raw data available via the Federal Reserve Bank of St. Louis (FRED database):The Component: “Gross Domestic Income: Compensation of Employees, Paid: Wages and Salaries” (FRED Series A4102C1Q027SBEA).The Context: Gross Domestic Income (GDI) measures everything the economy makes by adding up all the income generated. This includes worker paychecks, corporate profits, and investment returns.The Trend: While the total amount of money in the U.S. economy keeps growing, the percentage slice that goes directly into regular workers’ wages and salaries has shrunk over the long term to roughly 43%, making it one of the lowest proportions since recording began in 1929.

A Key Economic Distinction: “Wages” vs "Total Labor Share"If you plan to use this stat in a discussion or research paper, be careful not to confuse “Wages and Salaries” with Total Labor Share.Wages and Salaries (43%): This is just the literal money printed on base paychecks.Total Labor Share (~53% to 62%): When the government calculates the total share going to workers, they include wages plus benefits like health insurance, retirement contributions, and social insurance. The New York Fed reports that the total labor share has also hit historic post-war lows, sitting closer to the low 50s.

Not exactly 1929, but… wtfhappenedin1971.com

“now all we need is an ocean” -Trump

Sorry he’s got more important business still.

Here’s background info on the concept (labor share): Wiki

I’m not sure what’s reliable sources, but in my case when searching for “wages share of national income usa” I get a number of what seems like relevant matches.

Here’s some context (what does this number look like in other countries)

Which one?

Theyve had help getting there

they are going to bankrupt this country, I guarantee this. and those shmucks who hold our debt too

Yes and we’re starting the process of getting on the off ramp. The bond market is screaming in your bloody face America. You are fucked.