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Greed is sucking the global economy dry, how do we prevent it? (lemmy.world)

submitted 16 hours ago by jaykrown@lemmy.world to c/justpost@lemmy.world

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The effects of money being funneled to the 1% is starting to dry up the real economy, store fronts closing, less people spending money, auto loan defaults increasing. How do we stop this from happening realistically together? Or is it inevitable that we enter another major global recession next year?

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[–] LwL@lemmy.world 1 points 7 hours ago

But how do we get taxation?

Murder doesn't redistribute wealth, but a ruling class that remembers why the plebeians need to be kept reasonably happy stops actively sabotaging any efforts at wealth redistribution.

I'd rather have that happen another way but at this point what's left?