this post was submitted on 20 Jul 2023
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You say that people at the bottom go with less and less, but that doesn’t seem to match what’s actually happening in the world.
It does match exactly what's happening though. Others have mentioned housing cost which is a clear example, but you can also look at income inequality. Here's an article which cites data from the congressional budget office https://inequality.org/facts/income-inequality/
It shows up to 500% growth since 1979 in the earnings of the .01% while the 99% of earners are only making about 50% more than in 1979. That data makes it clear that wealth is being concentrated, and that people at the bottom are going with less. Especially considering inflation since 1979 has been 320% (source)
Not to mention that people in America and Europe aren't necessarily at "the bottom". A lot of today's wealth is built on the backs of poorer countries that make even less than we do, or nothing at all, or by exploiting them by coming in and privatizing something as basic as water.
@Crankpork
Debt and giving weapons to extremist factions, like druglords, are the big ways that the extraction/pillage/theft happens.
BTW corporatism (aka #neoliberalism) is not capitalism. Capital (including money) is supposed to deplete when bad decisions are made in capitalism. Also capitalism was defined to have protections and a publicSector to counteract so-called 'externalities' (ie. bad stuff) a corporation might produce as a by-product.
Both are clowned w neoliberalism
@local_taxi_fix