• Typhoon@lemmy.ca
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    20 hours ago

    Capitalism working as intended. But it’s not finished yet. Get back to work peasants.

  • mfed1122@discuss.tchncs.de
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    1 day ago

    The weirdly comforting thing here is that more than half of the wealth is still in the bottom 99%. That means the masses still have economic power. The problem, of course, is that they cannot deploy it with the same coordination as the smaller group.

    • tisktisk@piefed.social
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      19 hours ago

      Power that can’t be deployed is by definition not power at all though, right?

      Odd observation

      • mfed1122@discuss.tchncs.de
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        19 hours ago

        Yes, but “the masses” are able to deploy concerted power, like in the instance of the harm done to Tesla sales lately. It’s just more difficult to coordinate it.

        • Doomsider@lemmy.world
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          18 hours ago

          Oh good, our dollars can go to another massive corporation that will do the exact same thing. Sometimes choice really isn’t choice at all.

          • mfed1122@discuss.tchncs.de
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            18 hours ago

            Eh. If you’re just not buying any new car, you’ve already paid off the one you have, then that is a choice - and no corporation is getting any more money from you as a result of it. But I feel the pain of what you’re saying. The case you’re describing really rears its head for things like groceries where you actually do need to just keep buying them forever, and you may not have a farmer’s market around. But I think people could truly cut down on their car consumption a lot. Some Americans are getting new cars every three years or so.

            • Doomsider@lemmy.world
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              18 hours ago

              Totally agree, I have never purchased a new car and probably never will. We try to car pool whenever possible as well. If public transportation was better I would consider using it more often.

    • Krono@lemmy.today
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      22 hours ago

      I don’t think it’s comforting at all.

      If you remove the top 1%, the remaining wealth is concentrated in the top 10%. This group of people is highly invested in the status quo; their wealth and power is usually used to prop up the current system.

      These people are reffered to by many names: petit bourgeoisie, professional managerial class, small business tyrants, etc.

      • tisktisk@piefed.social
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        19 hours ago

        It’s almost doubly comforting to that 10% though, right?

        How much land does this top 10% need? 🤔

    • abbadon420@sh.itjust.works
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      1 day ago

      Curren population is 347.533.640

      99.9 => 347.533 people

      99 - 99.9 => 3.127.802 people

      99 - 90 => 31.625.562 people

      99 - 50 => 142.141.258 people

      50 - 0 => 173.766.820 people

    • Ziglin (it/they)@lemmy.world
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      1 day ago

      Multiply the population by the percentage? (I didn’t find anything on that page suggesting that it wouldn’t be the case.)

      342 million * 0.5 = 171 million people who are in the bottom yellow line. The top darker green line is 342 million * 0.001 = 342 thousand people

      I think you can do the others yourself if you like.

    • Bigfish@lemmynsfw.com
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      1 day ago

      Around 350M Americans, so the bottom 50% is about 175M, next 49%'s about the same, top 1% is 3.5M, top 0.1% is 350K people.