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‘We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits (fortune.com)

submitted 2 weeks ago by JRepin@lemmy.ml to c/economics@lemmy.ml

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[–] Sgt_choke_n_stroke@lemmy.world 12 points 2 weeks ago (1 children)

With underlying facism and massive wealth inequality, we really are in the roaring 20s

[–] davel@lemmy.ml 2 points 2 weeks ago

With underlying facism and massive wealth inequality

Those are not unrelated.

[–] Krauerking@lemy.lol 11 points 2 weeks ago

No shit.

Part of it is also cause we refuse to admit we are going down a wrong path and things need to change.

Heck people don't even want to admit the "smartest" guy is actually just a grifter, because they would be wrong about something.
It's all moronic doubling down and that's how humanity goes.