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George Monbiot@georgemonbiot.bsky.social |
You might be surprised to see interest payments on this list. But interest is the fee you pay to rent money. That's why financialisation - the intrusion of the financial sector into ever more aspects of life - makes the rich richer and the poor poorer.
2 replies 4 reposts 41 likes
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Ozma
@rowyourbot.bsky.social
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The obvious question is what gave people more of the power during the 60 years?
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Martin Porter
@thesnufkin.bsky.social
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Interest rate rises are almost the barometer of neoliberal polices. The Reagan era started with the 'Volkcer Shock', from which the US 'rust belt' never recovered.
0 replies 0 reposts 4 likes