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by onlyrealcuzzo
2693 days ago
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This is a weak economy if you're a laborer and not a capitalist. Overall, it's still been a VERY strong economy since '73. The US has been either first or second in GDP growth EVERY YEAR FOR 40 years! China has been killing it recently, but over the given time period, the US is still by far the best: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_growt... A real weak economy would look like Japan, Ukraine, Russia, Zimbabwe, etc. Life for the laborer has been under systemic attack since Reagan, but the US economy as a whole has been doing swimmingly. |
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Replace capitalist with monopolist and I'd agree.
How many capitalists make losses for 20 years and not only stay in their job, but actually become the world's richest person? Where would Uber be if they couldn't use VC money to undercut taxi companies, and subsidize hundreds of millions in losses. And let's not even get started on the issue of offshore tax avoidance, something your local hardware store will never have access to.