There seem to be all kinds of people who are trying to figure out why we have gotten into where we are in this world. Some point to one thing, some to another. In my opinion, for what its worth, the reason below is one of the primary causes of our current madness.
[They say] Capital was for capitalists — everyone would be better off that way! LOL. What really happened was as predictable as it was grim — capitalists took all the capital they could possibly get their hands on, plundering society after society, and hid it in treasure chests buried around the world. But the result was that there now less capital for everyone less to spend, invest, utilize, share, exchange…Source: https://eand.co/why-the-world-is-burning-with-fury-2c68df75f879
It’s hard to say just how much wealth is hidden in off-shore accounts because the ones hiding it are getting very good at it. We do know that the top 1 percent own more wealth than the bottom 90% combined and that is as high as it has ever been in this country! That alone should shock us.
We have seen this, especially in the US. The Republican party who contains the big majority of extremely wealthy capitalists have been promoting this for 100+ years. My hero Will Rogers had a lot to say about this subject almost a century ago. Will the 90% ever learn that lesson so that some of it will at least pass through their hands.
But the thing that amazes me the most is how the bottom 90% still cling to the idea that they will get their share if we continue as we are. Trickle Down has been so ingrained in their psyche that many don’t even question it anymore. We need to understand that for the capitalists, it’s not about what the money can do, but instead about the bragging rites for how much that have compared to other capitalists. When will we ever learn??
Some say that “religion is the placebo for the masses” but I kinda think that “Trickle Down” is the kool-aid that too many of us blindly consume by the gallon is a more deadly placebo.