cross-posted from : https://lemmy.zip/post/57305272
Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy’s entire GDP of €2.2 trillion and approaching France’s €2.9 trillion economy, a new Oxfam report found.
Archived version: https://archive.is/20260118190308/https://euobserver.com/health-and-society/ara3abf5ee
Capitalism is a threat to democracy.
But thanks for getting on nearly the same page, Oxfam.
Most -ism’s are the problem, every hericarical civilization throughout all of sapien time has collapsed, destroyed the local enviorment etc. Inequality is the issue.
That’s like saying “He didn’t die from getting his head blown off he died because his blood circulation was interrupted for too long”.
Capitalism leads directly to inequality.
True but inequality wasn’t invented by or during capitalism, it existed in every heirarchy
Sort of., but not really.
Capitalism was invented by feudalists after the French Revolution, when they saw their grip over the people slipping and their fortunes (and heads) were threatened, so they needed a way to carry their wealth and influence into the new era where people were becoming enlightened and wouldn’t accept divine rule anymore.
Most of the same moneyed families weathered that period by embracing capitalism. It’s the same system, but instead of divine right, they lie and say anyone can attain it, if you work hard enough. But nearly all of them inherited their wealth, same as always.
It’s literally the same system and the same people wearing a different mask.