HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Bingo! Reading "Sapi...

Thu Nov 20, 2014, 06:12 PM

Bingo! Reading "Sapiens" by Yuval Noah Harari. "A brief history of humankind".

He goes into capitalism where he talks about credit being a bank's belief in someone or trust that there will be growth in the future. And how that trust developed. And resulted in more and more credit. The pie kept getting bigger over 500 years, especially in the West. With the banks believing that the people they loan to will have more money into the future.

And that got me thinking. Well now all the growth of the pie goes to the 1%. None of it goes to the middle class. Or the poor. Their pie slices are the same size or shrinking. The trust has been broken between the banks and the middle class. But the 1% keep raking in the dough.....all the while complaining that they have been put upon.

And it seems that banks really are not focussed on the 99%. As I posted yesterday.


0 replies, 919 views

Reply to this thread

Back to top Alert abuse

Reply to this thread