1463
you are viewing a single comment's thread
view the rest of the comments
[-] updn@lemmy.ca 7 points 1 day ago

You don’t get rich without exploiting. No wait, I mean you don’t keep your shareholders rich without exploiting.

[-] uriel238@lemmy.blahaj.zone 5 points 1 day ago

This is why regulation is necessary. The moonshots returned $14 for every $1 spent thanks to science and innovation we benefited from it. Lobbying government returns $120 for every $1 spent.

Financialization returns exponentially more. In fact, most of the billionaires that exist are finance bros that got rich from private equity and market manipulation. Stock buybacks are a recent number-go-up tactic. These things, like rent-seeking, don't actually produce value but make profit.

So when we say the ultra-wealthy got rich by exploiting, we are totally underestimating the amount of wrongdoing they are committing.

But then Marx notes in Das Kapital that the capitalist will always seek to capture government and regulatory bodies in order to game the system, thereby destabilizing it until it collapses. The process feeds on itself and gets worse at an accellerating rate.

Unless something very radical is done, civilization worldwide is going to fall.

this post was submitted on 09 Sep 2026
1463 points (99.5% liked)

Work Reform

17503 readers
1717 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS