That’s not what happens in a crash. I’m not sure what history books you are reading.
Millions lose their jobs. Millions can’t afford housing. Supply chains shut down. Food isn’t delivered to grocery stores. Hundreds of thousands of people die.
The rich consolidate more power and control as the losses are taken by the working class. The profits are private, the negatives of the crash are socialized.
I don’t know where the idea that the stock market crash doesn’t effect people that “don’t own stock” came from. You don’t get to benefit from its rise. But you sure as hell will be treated as meat for the capitalist machine when it’s contradictions hit their breaking point.
Don’t wait for it. Prepare for it.
Here. Hollywood explaining it if that didn’t get through to you.
Crash the markets, nobody but the ultra wealthy care, so 99%of the US would benefit!
The biggest banks profited the most from 2008.
The acquired a LOT of assets for very cheap because folks were selling all they had to try and keep a roof over their heads.
The ones who failed to keep a roof over their head lost their homes… To the bank
The 1% cried because number went down. The 99% cried because they were losing their retirement, health insurance and homes.
Drug abuse spiked hard among the bottom who lost everything
That’s not what happens in a crash. I’m not sure what history books you are reading.
Millions lose their jobs. Millions can’t afford housing. Supply chains shut down. Food isn’t delivered to grocery stores. Hundreds of thousands of people die.
The rich consolidate more power and control as the losses are taken by the working class. The profits are private, the negatives of the crash are socialized.
I don’t know where the idea that the stock market crash doesn’t effect people that “don’t own stock” came from. You don’t get to benefit from its rise. But you sure as hell will be treated as meat for the capitalist machine when it’s contradictions hit their breaking point.
Don’t wait for it. Prepare for it.
Here. Hollywood explaining it if that didn’t get through to you.
https://youtu.be/0k5aVLi_yhM
You’re the people dying. The rich are the guys in the clip.