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How The 1% Are Bankrupting Themselves at Record Rates

https://m.youtube.com/watch?v=la3gsUisWqw
Evilphd666 [he/him, comrade/them] - 2w

did-someone Awww did someone not live below their means and get "optimally exploited"?

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HarryLime [any] - 2w

I know we can all easily laugh at this, but a divide between the "merely" rich and the mega rich causing precarity among the former is a legitimately interesting and potentially very consequential phenomenon. A division in the ruling class like this could open up useful opportunities for a real socialist or working class movement (though one needs to be built first). At a minimum, it's a symptom of growing instability in the capitalist system, and we should pay attention to it.

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GrouchyGrouse [he/him] - 2w

Finally getting a liberal to understand “means of production” by using a metaphor of billionaires and millionaires.

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HarryLime [any] - 2w

Declining rates of profit are also relevant here. The lower tier of rich people are getting juiced because everyone else is tapped out.

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jack [he/him, comrade/them] - 2w

A revolution is impossible without a revolutionary situation; furthermore, it is not every revolutionary situation that leads to revolution. What, generally speaking, are the symptoms of a revolutionary situation? We shall certainly not be mistaken if we indicate the following three major symptoms: (1) when it is impossible for the ruling classes to maintain their rule without any change; when there is a crisis, in one form or another, among the ‘upper classes’, a crisis in the policy of the ruling class, leading to a fissure through which the discontent and indignation of the oppressed classes burst forth. For a revolution to take place, it is usually insufficient for ‘the lower classes not to want’ to live in the old way; it is also necessary that ‘the upper classes should be unable’ to live in the old way; (2) when the suffering and want of the oppressed classes have grown more acute than usual; (3) when, as a consequence of the above causes, there is a considerable increase in the activity of the masses” [3].

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🏴حمید پیام عباسی🏴 - 2w

This is about the top 1% of income earners NOT the top 1%. They do not earn income or "pay down debt"

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Civility [none/use name] - 2w

😔

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