3 Matching Annotations
  1. Aug 2020
    1. It's a form of socialism for the very, very rich and brutal austerity for the rest of us, as the businesses around us implode for lack of access to capital and take the jobs with them.

      How long before people decide to do something about this? The guillotines are going to come out, or the rest of the world is going to come and take care of this.

  2. Jun 2020
  3. Feb 2019
    1. finance learned to make doubtful innovations that do not create wealth but merely lead to differential inflation, where financial assets increase their value faster than salaries, to the detriment of workers and small productive businesses. Massive bailouts have allowed finance to remain unscathed and focused on short-term speculation, expecting high returns from such activities.