Politics
Politics
Out of context: Reply #2945
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What is happening in this pseudo-capitalist economic system is that profits are privatized and losses are socialized. There is increasing recognition of this, but effective political will to stop it is still absent. The rich get richer just like in the old capitalist system. The poor are subsidized and amused by TV, in the rich countries serving the function of gladiator spectacles in the latter Roman Republic. The middle classes face the prospect of relative pauperization. Once again the fear mongers have the upper hand.