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Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by [email protected] to c/[email protected]

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Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

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[–] [email protected] 1 points 1 year ago

The FED has a huge influence on the economy due to the nature of FIAT. We are currently at the tail end of a boom cycle they have manufactured with the insane levels of QE they did in the past 15 years which has primed the world economy for an absolute meltdown.

None of this is by mistake. This is all by design. Why? Well look at CBDC. What better way to "encourage" people to mass adopt your new currency that you have absolute control over? That you can revoke at any time? That have expiry dates? That they can even filter what products or services you can purchase with them? By destroying the existing economy and debasing the currency to the point the people practically beg you for your tyranny coin.

But first they will crush the middle class and bring all the assets under the control of their coconspirators like Blackrock. Why purchase all the of the assets at fair market value when you can drive the middle class into poverty and hoover up all that sweet sweet real estate on fire sale via foreclosure?

You will own nothing and be debt slaves. Remember to eat the bugs to save the planet!