• Flying Squid@lemmy.world
    link
    fedilink
    arrow-up
    50
    arrow-down
    3
    ·
    9 months ago

    Late stage capitalism means everyone is fucked except the 1%. It’s worse than feudalism in some ways.

    • Kyrgizion@lemmy.world
      link
      fedilink
      arrow-up
      22
      arrow-down
      1
      ·
      9 months ago

      You could get together enough serfs to overthrow the local lord.

      Much harder to do with a board of directors overseas, unfortunately.

      • pyromaster55@lemmy.world
        link
        fedilink
        arrow-up
        21
        ·
        9 months ago

        I am still trying to figure out how I am currently working more than I ever have with less free time than ever, and yet also manage to somehow have less disposable income than ever as well…

        • agitatedpotato@lemmy.world
          link
          fedilink
          arrow-up
          14
          ·
          edit-2
          9 months ago

          Record profits dont make themselves, and the ceos arent making anything, selling anything, or providing any services themselves. They simply sit back and direct all the value created by you and others who did make the product, sell the product, or provide services. It’s honestly that simple.

          The ratio of how much money you get to keep compared to the total monetary value your labor produces has never been lower. Or to put it in economic speak, ‘stock prices have never been higher’.

    • novibe@lemmy.ml
      link
      fedilink
      English
      arrow-up
      2
      ·
      9 months ago

      Especially if you consider the “1%” include doctors, lawyers, engineers etc. Workers, like you and me. The real divide is between the 0.01% and the rest of us. It’s between a couple thousand in each continent, and the rest of us. All 8 billion of us.