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Dow hits 40,000 for the first time as bull market accelerates
(www.cbsnews.com)
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this post was submitted on 16 May 2024
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Same thing as 100 years ago. Stock market crash, poverty, unions rise, the powerful try to squash it and fail, unions and collective organizing take back a descent middle class life, the next generation(s) who grew up with all those advantages lets it all slip away because they are entitled, rinse repeat. The rich never learn but neither does the lower classes. There is no winning, it’s a constant vigilant battle to keep a standard of living that the working class must learn to maintain. The rich get rich by taking more than they need, that never stops.
One difference between now and 100 years ago is that propaganda is way more effective. It can be pushed in real time on social media, and can be targeted towards specific demographics. That’s one of the reasons the US government is trying to ban TikTok, as it doesn’t follow the US’ propaganda diet, exposing people to unapproved opinions.