Late Stage Capitalism

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A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.

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1 Understand the left starts at anti-capitalism.

2 No Trolling

3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.

4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.

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founded 2 months ago

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anticolonialist

K1nsey6

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They keep our value (lemmy.world)

submitted 1 week ago by K1nsey6 to c/latestagecapitalism

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[–] [email protected] 6 points 1 week ago (1 children)

At some point the trade is going to be less than the cost of rent

[–] K1nsey6 5 points 1 week ago (1 children)

At some point

That time is now

[–] [email protected] 3 points 1 week ago

Well, not quite

22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent.

Paying anything above the standard 30% threshold is commonly considered a cost burden.

What’s more, 12 million of those renters are severely cost burdened, which means they are spending more than half their income on housing.

We are still below 100% for now, for most people, but it will get worse