Comment on We compared the finances of 30-year-olds now, to 30-year-olds 30 years ago
Spendrill@lemm.ee 9 months ago
caught in an economic perfect storm
It’s nobody’s fault, just economic weather. Just bad luck. Nothing to do with corporate capture of the political process whatsoever.
“Capture”. Did no one study the bourgeois revolutions of the 17th and 18th centuries?
The capitalist class revolted against the aristocracy and built new systems of government to benefit them. That is the origin of the modern state and capitalism.
The state as we know it has always been just a tool of the capitalist class to control all other classes. That’s what the state is, a tool of class control.
I’m from the UK. We still have a monarch and an aristocracy, as well as a capitalist class. Even worse: they interbreed.
You’re from the UK and you don’t know about the English Revolution…? Where a constitutional monarchy was instituted, and the capitalists came into power?
It was far more of a religious war than anything else. You had aristocracy and rich capitalists on both sides. More so, the birth of nationwide capitalism had already taken place in the UK and joint venture stock companies were around long before the civil war too.
But catholic and protestant was a line you could always 100% accurately draw between the two sides. In fact, the only thing that really changed was that the monarch having to be church of England was made into law. The rest of British history makes infinitely more sense when the civil war is looked at through that lense.
You talking about Cromwell or William and Mary?
Forgive my ignorance, but which event of the 17th century would you classify as a burgeois revolution? Late 18th century of course, even many during the 19th century, but i just can’t remember any such event from the 1600s
Ilandar@aussie.zone 9 months ago
The phrase “perfect storm” doesn’t necessarily relate to luck, it just means many bad things have happened or are happening at the same time. Which pretty accurately describes the era millennials are living in.
Spendrill@lemm.ee 9 months ago
The bad things did not just happen, they were conscious choices or the inevitable consequences of those choices. I’m criticising the framing of this situation by the use of the passive voice in this subhead.
Ilandar@aussie.zone 9 months ago
Which the authors then go on to explain in further detail, following the introduction. It’s right there in the sentence you cherrypicked that phrase out from:
Spendrill@lemm.ee 9 months ago
Here’s my improved version:
An analysis of policy, formed by corporate interests and pushed upon the public in the 1980s, shows how it deprived the current crop of young adults of social housing, under-invested in public healthcare, enabled predatory lending practices, distorted the tax system so that a disproportionate amount fell upon the lowest three deciles of tax payers and hobbled unions while outsourcing manufacturing to the developing world causing earnings to plummet.