898
She has a point (lemmy.zip)
submitted 2 months ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 5 points 2 months ago (4 children)

Naw, flawed argument, they steal our resources and then fund themselves by illegal and manipulative means.

Also the economy is shifting where the top 1% are moving closer to being 50% of spending, making the argument rather void.

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  • [–] 1 point 2 months ago (3 children)

    This isn't really sustainable though. Regardless of how rich you are, you only really need 1, maybe 2 pillows. You can only get so many haircuts in a year. They do absolutely need the poors.

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  • [–] 1 point 2 months ago* (1 child)

    No, but you do, and guaranteed that as they buy up and shut down competitors they will squeeze you for everything you're worth over largely inelastic demands like pillows, or medicine, or soap...etc

    Also haircuts? Haircuts, unless we're really that deep in corporate hell, are between you and the barber/shop. Billionaires aren't cutting your hair, the person cutting your hair, the person who owns the salon or barbershop ever, is a peon just like you and me. Small business owners are in the same class as us.

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  • [–] 1 point 2 months ago

    That's increasingly not true. Local businesses barely exist anymore, soon your only option will be, like, great clips. Not sure what you mean about squeezing over inelastic demand. They can raise the prices of a pillow but they can't make a profit when only 1% of the population is buying pillows

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