1989
Well-Known Member
Stan was near poverty with an estimated net worth of $50 million.
I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
- Start date
yea i know and yet everyone knows and doesnt dispute he got a bad deal relative to what he produced. why dont you do something useful and tell me who that was that really benefited
brexit
Damian Sullivan @DamianOS3 9h9 hours ago
I’m really enjoying the season finale of The UK.
359 replies 15,853 retweets 63,309 likes
Damian Sullivan @DamianOS3 9h9 hours ago
I’m really enjoying the season finale of The UK.
359 replies 15,853 retweets 63,309 likes
interesting article on economic booms and busts including events leading up to nazi germany.
Transcript: Ray Dalio, Bridgewater - The Big Picture
DALIO: I think it happens over and over again because of that disenfranchised and also I don’t think they have much contact, I mean it’s totally understandable I think in the sense that capitalism right now is not working for the majority of Americans and I’m a hard-core capitalist I wish I could, but if you take the bottom 60%, I did a study of carving out what is it like the bottom 60% because I want to look at the majority.
Those conditions are bad, there hasn’t been income growth there…
RITHOLTZ: 30 years, right? On the real basis.
DALIO: That’s right. There’s rising debt, there’s rising death rates, there are death rates from opiates, death rates by — from suicide…
RITHOLTZ: Suicide.
DALIO: And so on and those conditions.
RITHOLTZ: Less economic mobility, there is a whole gamut.
DALIO: We used to have a middle class that was on the assembly line and the kind of work so we have a greater economic polarity, you have, so there’s a disenfranchised group out there that’s important. We’re also – we don’t have that same sort of contact with each other. You know, I live in Greenwich Connecticut in Greenwich so I think so exemplifies this. And I – we live in Fairfield County, Greenwich, Connecticut, it’s I think, still the wealthiest state in the United States, anyway, right up there. In that state there is one County that is rich and the rest of the state pretty much is poor and it’s going in terrible situation.
Transcript: Ray Dalio, Bridgewater - The Big Picture
DALIO: I think it happens over and over again because of that disenfranchised and also I don’t think they have much contact, I mean it’s totally understandable I think in the sense that capitalism right now is not working for the majority of Americans and I’m a hard-core capitalist I wish I could, but if you take the bottom 60%, I did a study of carving out what is it like the bottom 60% because I want to look at the majority.
Those conditions are bad, there hasn’t been income growth there…
RITHOLTZ: 30 years, right? On the real basis.
DALIO: That’s right. There’s rising debt, there’s rising death rates, there are death rates from opiates, death rates by — from suicide…
RITHOLTZ: Suicide.
DALIO: And so on and those conditions.
RITHOLTZ: Less economic mobility, there is a whole gamut.
DALIO: We used to have a middle class that was on the assembly line and the kind of work so we have a greater economic polarity, you have, so there’s a disenfranchised group out there that’s important. We’re also – we don’t have that same sort of contact with each other. You know, I live in Greenwich Connecticut in Greenwich so I think so exemplifies this. And I – we live in Fairfield County, Greenwich, Connecticut, it’s I think, still the wealthiest state in the United States, anyway, right up there. In that state there is one County that is rich and the rest of the state pretty much is poor and it’s going in terrible situation.
Obama made a prediction?
you wouldnt know any better
famous socialist seattle council member sticking it to police to revive declining seattle middle class:
Tiffani McCoy @TiffaniMcCoy1 Nov 14
This is what a workers representative looks like! @cmkshama refusing to participate in an austerity budget. We need to build low income housing now!
Tiffani McCoy @TiffaniMcCoy1 Nov 14
This is what a workers representative looks like! @cmkshama refusing to participate in an austerity budget. We need to build low income housing now!
I wonder how much they'd have in the bank if they didn't spend on booze, cigarettes, doughnuts, and Doritos?brave new economy:
David SirotaVerified account @davidsirota 2h2 hours ago
If you think @Ocasio2018 is out of the ordinary, wait until you learn about 40 percent of the nation living under American oligarchy
DriveInDriveOut
Inordinately Right
What a stupid thing to say.
40% of america consumes that stuff on the regular?
A lot of America consumes all or some of that stuff, or similar, on the "regular." A lot of poor people in this country smoke, drink, eat snacks routinely. Money that could be going into savings.
alot of people dont get enough to eat in america either...
Show me the starving? A lot of kids get even breakfast at school. There are soup kitchens in bigger cities. Food stamps.
you can easily look it up for the general population and for kids also.
There are programs in place to alleviate hunger here. Or don't you know? We don't have to hunt for moose here.
yea and theyre apparently inadequate.
Nope, no starving down here unless you're a vegan.
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