"There is lots more money so things are fine." "Oh good, can we have some then?" "No."
When people are living in poverty and want to change the status quo, neoliberals will point to graphs showing how much the stock market has gone up to prove the economy is actually good, as if it is some kind of consolidation that the shareholders are doing quite well.
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Perfect assumption.
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90% of stocks are owned by the top 10% and the latest rally in the stock market has nothing to do reality anymore. It's a central bank hot money funded stock rally. It's the biggest transfer of wealth from the poor to the rich in the history of mankind.
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Everyone's benefits have been cut and you can be fired for taking a piss while on the clock, but look at those stocks, baby! Life is great.
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We are living this here at Brasil. Paulo Guedes, our Secretary of the Treasury, said that the commum people don't have money because they don't save, or spare. Sad but true.
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The question is how many people can actually afford to save money when they have monthly bills and debts?
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But absolute poverty has gone down dramatically across the world with ‘neoliberal’ free market changes.
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Over 90% of money in circulation is debt or credit. Watch how big the gain in poverty will be, when there is a global credit freeze. We are living in global QE fairy land right now. We borrowed our way to FAKE prosperity.
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