Darkcoffee@sh.itjust.works to Late Stage Capitalism@lemmy.world · 2 days agoThatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism?message-squaremessage-square59fedilinkarrow-up1439arrow-down15
arrow-up1434arrow-down1message-squareThatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism?Darkcoffee@sh.itjust.works to Late Stage Capitalism@lemmy.world · 2 days agomessage-square59fedilink
minus-squareAlteredEgo@lemmy.mllinkfedilinkarrow-up12·20 hours agoNeoliberalism has destroyed demand. At long last it’s finally done. Now they are complaining about China’s overcapacity.
minus-squaremirshafie@europe.publinkfedilinkarrow-up6·19 hours agoChina is bringing the developing countries into the 21st Century with it, something that the West refused to do while they had the chance. So it’s not overcapacity, it’s just that the West isn’t the exclusive consumer.
Neoliberalism has destroyed demand. At long last it’s finally done. Now they are complaining about China’s overcapacity.
China is bringing the developing countries into the 21st Century with it, something that the West refused to do while they had the chance. So it’s not overcapacity, it’s just that the West isn’t the exclusive consumer.