Late Stage Capitalism

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The absurd contradictions of Capitalism (lemmygrad.ml)

submitted 3 months ago by SovietReporter@lemmygrad.ml to c/latestagecapitalism@lemmygrad.ml

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[–] PolandIsAStateOfMind@lemmygrad.ml 24 points 3 months ago (2 children)

I'm actually surprised there's only 50% of millonaires in congress

[–] miz@lemmygrad.ml 20 points 3 months ago

plot twist: the other 50% are billionaires

[–] redtea@lemmygrad.ml 11 points 3 months ago (1 children)

I doubt it's acurate. I find it hard to believe only 1% of the rest of the population are millionaires.

[–] PolandIsAStateOfMind@lemmygrad.ml 12 points 3 months ago (1 children)

Yeah, or maybe just old, currency devaluated, isn't now just having your own house is like half to entire step to being a millionaire?

[–] redtea@lemmygrad.ml 10 points 3 months ago

That could be a big factor.

Statista suggests 22.7million people, or 9% are millionaires: https://www.statista.com/topics/3467/millionaires-in-the-united-states/#topicOverview

I wonder how this accounts for family wealth, as well.

[–] TowardsTheFuture@lemmy.zip 11 points 3 months ago

Curious to see the homeless vs. Vacant house on a district/county/state level.

[–] supersolid_snake@lemmygrad.ml 10 points 3 months ago* (last edited 3 months ago)

It's not a contradiction in economics, it's a contradiction in narrative. This is how capitalism has functioned since Columbus. Take the tiniest European nation and it benefited at some point from militarism, colonization, oppression, imprisonment, cheap desperate labor, etc. that's the system.

[–] bloubz@lemmygrad.ml 8 points 3 months ago (2 children)

I knew the US was terrible but I'm shocked about the 1/15 black men in jail. Is that at any time, or 1 out of 15 black men has been in jail at some point? Either way it's disastrous and disgusting

[–] supersolid_snake@lemmygrad.ml 5 points 3 months ago

The at one point number is actually way higher sadly.

[–] Halasham@dormi.zone 3 points 3 months ago (1 children)

Considering after the Civil War it wasn't uncommon to convict black men of... being black (seriously no crime listed, they were just made criminals because they're black and now you have to be a criminal to be a slave) in order to continue the whole institution of slavery I would expect the 'at some point' figure to be much higher.

[–] bloubz@lemmygrad.ml 2 points 3 months ago

Thank you for this piece of information. That's not what I meant by at some point though. I meant at some point in the life of living people. Like if we take all black men in the US right now, what percentage has ever been in jail. It's a different figure from if we take all black men in the US right now, how many are currently in jail

[–] Dyskolos@lemmy.zip 6 points 3 months ago* (last edited 3 months ago)

USA really is one of, if not the, worst country there ever was. Except you're rich. And even then the average rich won't cut it, as a simple sickness can be a game-changer.

What's missing in the image is religion...

[–] zippythezigzag@lemm.ee 6 points 3 months ago

Just a minor flaw but half the US population is around 170 million I think. But the point still stands.