Red_Scare [he/him]

  • 45 Posts
  • 612 Comments
Joined 5 years ago
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Cake day: November 19th, 2020

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  • Every crisis under capitalism resulted in gigantic wealth transfer to the ultrawealthy. They get to scoop up devalued enterprises and properties for cheap while regular people lose their homes, small businesses, farms and whatnot. I actually think people who plan their wealth in centuries care very little about price fluctuations on their medieval palaces, multinational corporations, intellectual property, art collections and so on. They understand the value does not equal price. It’s the regular folks who pay mortgage on their only house who care about currency stability.


  • This exactly!

    But this is what they have to say about taxing the rich, just compare the language used, no accusations of “gaming the system” here:

    The party’s left flank wants heavier taxes on capital. That might deter investors, including those who buy Britain’s government debt. As well as risking economic damage, creating a concentrated group of big losers can be politically fraught. Some backbenchers fantasise about throwing fiscal caution to the wind.

    They end by claiming, without any arguments, as if it’s simply self evident, that the closest historical parallel to the current Labour budget is that time Conservatives under Truss tanked the entire economy in a week:

    A better parallel is the market panic that followed Liz Truss’s irresponsible “mini budget” in 2022. This caused violent moves in gilts, exposed vulnerabilities in the financial system and imposed a lasting risk premium on British debt. The difference between her cavalier leap and today’s cautious drift is a lot smaller than it looks. If Britain cannot budget responsibly by choice, then markets will force it to do so by necessity—thereby damaging the entire economy.

    As always, the Economist, a journal that speaks for the British millionaires, is pursuing a very instructive line.




  • Red_Scare [he/him]toEuropeWhat is happening in Moldova?
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    3 months ago

    As a Russian speaker, this is some outright fascist shit and I’m disappointed to see it here. The content warning does not quite cover how deeply misogynistic this peace is and I mean the seething hatred of women you’d be surprised to see in print anywhere. Just balls to the wall mask off pure bigotry.

    To be honest, reading the Russian text makes me think she’s probably alright if that’s the best thing they can come up with against her. Do better.

    Disclaimer - happy to provide a more accurate translation than this toned down, sanitized, palatable crap. Just ask.

    I mean holy fuck this shit is vile. Just… Wow, I did not need this.



  • Red_Scare [he/him]OPtoGenZedongYour Party membership is now open
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    3 months ago

    He’s not smoking the pipe. By claiming Westerners generate value while buying cheap goods produced elsewhere and feeding algorythms in the process, he’s concealing imperialist exploitation of real living Global South labour that sustains all our digital bullshit. He knows exactly what he’s doing, too.