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Otherwise capitalism needs severe regulations, of which the United States has rapidly destroyed since the 80s. So none of this is surprising in the slightest and completely expected to anyone who has been paying attention the last few decades.
Why does capitalism need severe regulation? Do you really think severely regulating business with help growth in this country? It seems like from everything you describe below, it isn't really regulation on capitalism you want, it's more social benefits. Cause we already have a blend of both.. the US isn't robber baron as opposed to what you think. Maybe you want full out socialism, which is completely different story.
But we do have social safety nets in place. Put down the communist manifesto and understand what we have:But that’s not even the worst part. We are returning to an economic time more akin to the turn of the 20th century. No social safety nets, no health care, no benefits, low wages, high rent, and no workers rights. Our response to globalism, rather than shift to say a European model, is to return to our old third world approach. Because the United States is actually partially third world in many parts, where people don’t even have running water or sewers. We will try to compete with places like China by becoming more like them, and that’s a bad thing for quality of life.
Unemployment
Section 8 (or whatever they call it now)
SNAP
Social Security
Unemployment benifits
Free phone programs
Medicare/Medicaid (and what happened to revering Obama Care?)
Plenty more I didn't mention.
My lazy mother has gotten by on those things I listed above for 15 years. Phone minutes paid for, SSI disability, SNAP, medical programs that pay for almost everything she needs done, etc.
Also, low wages and high rent can be very subjective. Is minimum wage keeping up with the cost of living depending on the state and city? Sure, that's debatable, and you have a point to some degree. But why are people striving to make minimum wage? Are you in high school.. new to the US... A very small percentage of the US population makes minimum wage anyway.
Why would we compete with China? Are we becoming communist? China actually has improved their situation for workers over the past few years and that's why the price of Chinese goods (along with tariffs) has gone up so much. We've stopped doing business with a lot of Chinese companies in favor of other companies like ones in Bangladesh, Indonesia, etc.
But hey, people voted for it, and most people don’t even vote. When the crashes ands catastrophes come, and they will, it’s going to be hard to talk to my moron friends and family who never vote when they ask me who we have to blame for all of this. It’s you stupid, you let monsters take power, and this is the result. So suck it up and put that fucking eggo waffle hamburger sundae down bc you can’t afford health care any more stupid.
Can't argue with you about the voting things, but the thing that sucks here is that it doesn't really matter much who you vote in on the Federal level, you're going to get similar minded politicians who are all guided by their constituents. You don't get much different between R and D's on that level. Hell, that's why I voted third party in the past two presidential elections. Taking down the structure is a daunting task that is going to take more than just going out and voting.