Savings are at an all time post WWII high in most classes except the bottom 1/5th which were doing well until the stimulus checks and unemployment stopped coming.
The ruling classes are using siege tactics in the form of austerity in the middle of a pandemic on the working poor. They are going to try to kowtow, abuse, and demean those who hold out for better conditions.
Yeah, I think you’re pretty spot on with “siege” as a metaphor. I dunno whether capital is being besieged or doing the besieging (a little of both honestly). No wonder that shits a classic fash title lol
Capital is doing the sieging imo. Inflation is a war of attrition to get people to be desperate again and willing to work for what the owners consider a "fair" wage.
Inflation helps asset prices and hurts cash savings, and workers tend to have a higher amount of cash relative to assets, whereas for the wealthy it's the opposite (they don't use bank accounts, they borrow cheap money to buy stocks and real estate).
Savings are at an all time post WWII high in most classes except the bottom 1/5th which were doing well until the stimulus checks and unemployment stopped coming.
The ruling classes are using siege tactics in the form of austerity in the middle of a pandemic on the working poor. They are going to try to kowtow, abuse, and demean those who hold out for better conditions.
Yeah, I think you’re pretty spot on with “siege” as a metaphor. I dunno whether capital is being besieged or doing the besieging (a little of both honestly). No wonder that shits a classic fash title lol
Capital is doing the sieging imo. Inflation is a war of attrition to get people to be desperate again and willing to work for what the owners consider a "fair" wage.
Inflation helps asset prices and hurts cash savings, and workers tend to have a higher amount of cash relative to assets, whereas for the wealthy it's the opposite (they don't use bank accounts, they borrow cheap money to buy stocks and real estate).