Private equity funds are buying up homes across the US and West, driving up rent and costs of living. Economist Michael Hudson explains how corporate landlords are a result of financialized capitalism
So we are living the neoliberal nightmare that has been around for fifty years. Many years ago I read Robert W. Mchesney's definition of neoliberalism as the introduction to Noam Chomsky's book Profits over People. It was obvious there would be hell to pay. There has been a huge amount written about the negativities of neoliberalism and never part of the political dialogue . Another conspiracy of silence ruining our societies. The political idiocracy and the MSM have been co-belligerents in the massive betrayal.
Are we to conclude that passivity, stupidity and complacency are the death knell of Western Civilization.
Look up why the "Neoliberals" deliberately dropped that name in the mid 1950s. They wanted to present it as a "natural" way of doing things, so that people could not even imagine there can be any other way:
From what I've learned and seen, I do tend to believe that passivity, stupidity and complacency are indeed the death knell. How else can you explain electing a grifter, felon and as Rex Tillerson describes him 'A fucking moron' as president of the United States which I refer to as Los Esatados Estupidos.
In Upton Sinclair's classic, The Jungle. the Jurgis Rudkus family bought a house that was flipped, and when they lost it, it was flipped again. In essense, that is what corporations are now doing to rental property, driving rents continually upward, and increasing homelessness. Will it drive the working class to do what was done in the French Revolution, and behead the aristracy through the passing of common sense working class oriented laws?
Ppl don’t seem to realize the only thing Oligarch (Rentier) Class is capable of is suck out the Interest/RENT from the working people. That's literally ALL they can do..
The Essence of Capitalism is the constant, excessive CONCENTRATION of Capital and therefore Power in the hands of a small group (Oligarchy).
The Capitalists, through their ownership of the Means of production and Capital which came from the previous exploitation of workers (or just inherited) , are thereby in a position to further exploit workers.
Look up how many apartments the orange man inherited. Not Earned, inherited
Only delusional idiots would expect this guy to care about "working people"..
***
About 80% of ALL Listed Stocks (incl. entire MIC) are owned by 3 Corps only: BlackRock, State Street and Vanguard.
When those Imperialist WEF stooges say "You will Own Nothing and be Happy" they mean YOU (and me) will own nothing. Because THEY will own EVERYTHING
***
"A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness."
This from Ben was somewhst irritating as it betrays an alliegance to the racial divide and conquer politics of the Imperialist genocidal Dems.
"So we see more and more that working-class Americans, in particular, Black and Latino working-class Americans, are now unable to own a home, because the houses are being bought up by these landlords, these investors, including corporate landlords on Wall Street, and they have to pay higher and higher rents to the landlord class."
There's no good reason to put a racial spin on the suffering of wage slaves, Ben. Also, I don't even know if that statement is true. Where I live in the west almost every homeless person falls into a different demographic. They are almost uniformly middle aged white men.
By racially prioritizing the suffering of wage slaves, you perpetuate the racial division and consequent political impotence of the wage slaves in the US. The Dems have produced a terrible amount of false consciousness with their bourgeois racial politics. Think critically about it. Don't just thoughtlessly reproduce it, please.
So we are living the neoliberal nightmare that has been around for fifty years. Many years ago I read Robert W. Mchesney's definition of neoliberalism as the introduction to Noam Chomsky's book Profits over People. It was obvious there would be hell to pay. There has been a huge amount written about the negativities of neoliberalism and never part of the political dialogue . Another conspiracy of silence ruining our societies. The political idiocracy and the MSM have been co-belligerents in the massive betrayal.
Are we to conclude that passivity, stupidity and complacency are the death knell of Western Civilization.
Look up why the "Neoliberals" deliberately dropped that name in the mid 1950s. They wanted to present it as a "natural" way of doing things, so that people could not even imagine there can be any other way:
youtu.be/VQ4_y3rkX5Q?t=108
From what I've learned and seen, I do tend to believe that passivity, stupidity and complacency are indeed the death knell. How else can you explain electing a grifter, felon and as Rex Tillerson describes him 'A fucking moron' as president of the United States which I refer to as Los Esatados Estupidos.
In Upton Sinclair's classic, The Jungle. the Jurgis Rudkus family bought a house that was flipped, and when they lost it, it was flipped again. In essense, that is what corporations are now doing to rental property, driving rents continually upward, and increasing homelessness. Will it drive the working class to do what was done in the French Revolution, and behead the aristracy through the passing of common sense working class oriented laws?
"The private control of credit is the modern form of slavery."
- Upton Sinclair
Sinclair was definitely right.
Ppl don’t seem to realize the only thing Oligarch (Rentier) Class is capable of is suck out the Interest/RENT from the working people. That's literally ALL they can do..
The Essence of Capitalism is the constant, excessive CONCENTRATION of Capital and therefore Power in the hands of a small group (Oligarchy).
The Capitalists, through their ownership of the Means of production and Capital which came from the previous exploitation of workers (or just inherited) , are thereby in a position to further exploit workers.
Look up how many apartments the orange man inherited. Not Earned, inherited
Only delusional idiots would expect this guy to care about "working people"..
***
About 80% of ALL Listed Stocks (incl. entire MIC) are owned by 3 Corps only: BlackRock, State Street and Vanguard.
youtu.be/sZDh8JvUG1Q?t=1509
***
When those Imperialist WEF stooges say "You will Own Nothing and be Happy" they mean YOU (and me) will own nothing. Because THEY will own EVERYTHING
***
"A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness."
-Franklin D. Roosevelt
Excellent contribution by Michael, as usual.
This from Ben was somewhst irritating as it betrays an alliegance to the racial divide and conquer politics of the Imperialist genocidal Dems.
"So we see more and more that working-class Americans, in particular, Black and Latino working-class Americans, are now unable to own a home, because the houses are being bought up by these landlords, these investors, including corporate landlords on Wall Street, and they have to pay higher and higher rents to the landlord class."
There's no good reason to put a racial spin on the suffering of wage slaves, Ben. Also, I don't even know if that statement is true. Where I live in the west almost every homeless person falls into a different demographic. They are almost uniformly middle aged white men.
By racially prioritizing the suffering of wage slaves, you perpetuate the racial division and consequent political impotence of the wage slaves in the US. The Dems have produced a terrible amount of false consciousness with their bourgeois racial politics. Think critically about it. Don't just thoughtlessly reproduce it, please.