Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

QP! said:
it is hard to say this but his China sycophancy and delusion seems almost as strong and a direct parallel to the magats one for Trump.

It is eerily similar in scope and delusion. As you say "completely insane and a hired propaganda shill" or worse.
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That's the case with all ideologues. Doesn't matter what wing they're flapping on.
 
Freddy Figbottom said:
corporations regularly put up fake job listings so people doing well have no empathy for people who can't find jobs, because they see so many job listings, their bum acquaintance or friend or family member is obviously just lazy.
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They will make up ridiculous skill sets for little easily learned assembly jobs, or weird combinations of software experiences, usually tailored to somebody they already want to hire, or like you said, just run permanent ads for non-existent jobs.
 
cawacko said:
Aside from stabilizing the financial system, the bailouts didn’t affect housing prices.

They had already collapsed by the time of the bailouts and didn’t recover until years later when demand returned.
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that was, in my view, the biggest mistake the Obama/Bush bailout plan made.

Now that plan was crafted by Wall Street guys so it is understandable why it was devised to protect those banks and the executive bonuses.

What was true was there was a liquidity crisis that could have driven the US into a much deeper recession or even a depression. But the best way to fix that would have been to give each home owner a mortgage credit, using the same money that went to Wall street.

This would have seen many of the Wall Street banks fail, but would have provided the same market liquidity but to State, medium sized banks. The 'too big to fail' Wall Street bank threat would have been minimized as some failed, while mid sized State banks grew stronger.

And most importantly home values would not have had the huge devaluation and more citizens would have been able to keep their homes.
 
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