World News @lemmy.ml Garibaldee @lemm.ee 4d ago

Wealth of the World’s Billionaires Has More Than Doubled Over the Past Decade

truthout.org Wealth of the World’s Billionaires Has More Than Doubled Over the Past Decade

Driven by massive inequality, the world’s richest grew their fortune from $6.3 trillion to $14 trillion.

46 comments

It has to be fucking taken by force, and I dont wanna hear any of your goddamn neoliberal whining about it. It's not "the world's billionaires"; it's "world billionaires propped up by US monetary policy". It has to stop. Bezos, btw, literally destroys companies and competition with a simple mouse click. He single-handedly controls the entirety of online commerce. One guy. Controlling EVERYTHING.
- Then why aren't you doing it?
  
  Its great when milquetoast dweebs think they're so smart by responding with various versions of this cuckery
- A cabal of Digi-tech-al robber Barons running the country openly. Elon Musk is going to be a staff member of the US Government.
- Some of them literally have their money in Euros and European companies, which the US does not control. I'm not going to whine if you wanna revolution, that's understandable, but be factual on the way.
  
  USD is the king but yeah euro system is the other half of the orphan crushing machine
  
  They subject to the same rules and interoperabile
  
  Oligarchs can move within eurodollar no problems
- Dude, I think that sentiment is shared among all the political spectrum. What happens after is what we tend to debate. I love communism in a vacuum, but many just see it as changing one corruptible system for another.
  
  I somehow like the system Germany kinda has. More Social while still having control. Some say its hard to become rich as a company, but also you can have many securities. Still. I prefer a mix of both worlds
- I'm sorry that I whine about not killing people.
  
  As someone that has taken beating after beating I'm not down with violence except the verbal type. But worry not they take crazy-ies like me out to fields, make us dig our own graves, and then shoot us into them.
  
  So maybe I have a different view of "violence for change" than you do.
Bezos next
- Musk still has a $122B lead on Bezos, and made $104B of it in the last 32 days.
  
  He has a $122 BILLION lead, and he's earned $133 BILLION over the past year.
  
  His wealth has increased by 50% over the past year alone
  
  How in the fuck?
  
  But Bezos literally controls THE ENTIRETY OF ONLINE COMMERCE and destroys companies and small businesses with a simple mouse click.
  
  Literally DESTROYS COMMERCE with a simple mouse click.
  
  He is the Ultimate Evil Capitalist; the JD Rockefeller of our generation.
- Unlimited respect for more vitamin DDD
- Why're people downvoting you?
  
  Because his security goons reading this too lol
  
  It is cute how rich waste all this money to check social media for threat actors while we are just posting and commenting from our moms basements
  
  Real men like the Adjuster just get the job done without providing signals for pinkertons to scarpe.
  
  The parasite classes should note that when they get deposed, we didn't see nothing.
For what benefit?
- Unfortunately, only for their own benefit.
  
  Increasingly not even for their own benefit. They are like a parasite that is killing it's host and therefore it's means of subsistence
- so the adjuster notices them
  
  For what benefit?
- None, that's the funny part. You could almost call it a flaw with humanity as a whole.
  
  We can't focus on any sort of task-at-hand for any greater good. We simply are just that self centered and greedy, despite those of us that fight against that nature, it's still our nature.
  
  Climate change? You can't make people wear masks in grocery stores or vaccinate, good luck with the climate.
- Two options, if you're shilling for billionaires:
  
  They're intrinsically 10,000x better than you and me and deserve to be 10,000x richer.
  
  It's just theirs. It says so somewhere, no backsies.
  
  Pure trickle-down had it's day too, but it's it's a joke again in modern times, for the most part. You may object that these are all weak arguments, but basically, you and what army?
  
  Edit: "We need a remote chance of becoming a billionaire for anyone to go to work" is kind of a blend of trickle-down and argument number one, but I suppose I should mention it, just for the sake of completeness
  
  I guess even as a billionaire, the difference between your first 50 billion and your second 50 billion is that with your second you can make frivolous purchases of social media companies without going back to being poor.
  
  It's still bullshit in the big picture of history.
- This is either a boring rhetorical question or a very confused one.
- I mean, my wealth has more than doubled over the past decade. The stock market has been going absolutely bananas, and my retirement accounts have done well.
  
  I guess when corporate media told us the economy was doing great, it was you they were talking to, and not the other ~80–90% of Americans.
  
  OK for some I guess.
They'll double next decade too, don't worry. We humans aren't really good at this planetary dominion shit. We've only really been at it for 200 years or so and we're already fucking up.
Everyone's wealth doubled.
- Why would you think that?
  
  Because inflation and stock markets are going nuts. And since everyone working has their pension invested, their wealth went up as well. Plus house prices went up. The problem is that people confuse wealth with money. And wealth is not money. You can't buy bread with wealth.
It's more like they have tons of more money and larger numbers in their portfolio. it's however not a significant increase in actual wealth, since the money they have is increasingly wort less and the worth of their assets are increasingly more and more speculative in nature. The pockets of billionaires is where all the printed money eventually ends up and society is no richer for it. The money contributes to inflation, but it really doesn't get invested or anything.
- That's not how it works. They use it as Capital to influence politics and things like that, which buys them more influence, which they use to reduce workers pay, rights, and benefits even further, which they absolutely use to acquire more wealth.
  
  Every billion they gain comes at the cost to worker rights.

46 comments