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[–] 78 points 1 year ago (12 children)

It always amazes me just how stupid all these billionaires actually are. It just highlights the fact that they did not actually "earn" that wealth, in the first place. If it were truly a matter of talent and skill, they wouldn't be crashing the economy every five to ten years...but here we are, for the fifth(?) time in the last few decades?

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  • [–] 43 points 1 year ago

    The crashes are deliberate. It allows them to scoop up infrastructure for pennies on the dollar. It's not a coincidence that the largest ever upward transfer of wealth occurred during COVID. That was the elite consolidating their holdings. And evidently, they're not exactly satisfied yet and want even more.

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  • [–] 7 points 1 year ago

    They aren't stupid, they are gambling and they toss their weight to stack the bet in their favor long enough so that they can cash out and not be left with the bag when it crashes.

    Every recession, richs get richer and we get poorer.

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  • [–] 2 points 1 year ago (3 children)

    Are they really stupid if they make billions?

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  • [–] 5 points 1 year ago

    In a way it requires you to be an apex predator of your own species. They are necessarily stupid but greedy and psychosocially fucked. Maybe smart in certain ways but blindingly stupid in others. And also cannibals, which occurs to me now, since they basically hunt and consume the essence of poorer humans. Can we make that cannon?

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