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The End of Harsh Capitalism?

Observant1
edited November 10 in Off-Topic
"Last week, two things happened that may shed some light on where American capitalism is heading."

"First, Tesla’s board caved in to Elon Musk’s demand that he get a pay package of $1 trillion
(if he meets various goals)."

"Second, the voters of New York City — the capital of world capitalism — elected as their mayor
a Democratic Socialist who thinks billionaires shouldn’t exist."

"One can’t draw vast conclusions from all this, but Musk’s bizarre pay package and Mamdani’s unlikely win
together suggest that the unique form of harsh capitalism now practiced in America may be coming to an end."

https://open.substack.com/pub/robertreich/p/musk-and-mamdani-the-end-of-harsh

Comments

  • gman57
    edited November 10
    I thought this would happen years ago but I was wrong. I thought the wealthy were stupid for not sharing some of their wealth so the masses wouldn't rebel. Greed is powerful. If things don't change and the inequality gap keeps getting bigger it will happen.
  • DrVenture
    image
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