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Joined 2 years ago
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Cake day: July 31st, 2023

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  • Government has become too beholden to the financial industry. Anything that takes power back from them will ostensibly look like a market crash and so chancellors are politically snookered.

    I don’t think anything will change until either the government has the courage and wits to face this down (implement economic policy that is good for the people but bad for the markets) or if external forces cause a crash and it has the opportunity to rebuild the economy. The first option would be quicker but more gnarly for politicians and the financial industry and the second option will be worse for us all.

    Those who sit around passively getting rich on rents and debt interest (the same thing) are the real scroungers, not benefits claimants.