'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

return2ozma@lemmy.world · 1 year ago

'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

Nonameuser678 · 1 year ago

Capitalism (depending on how you define it) is coming up on 600 years soon. That’s usually the point at which systems start to break and new ones emerge. Unfortunately, if you’re a fan of Marx you’ll be aware of his theory that cycles of power relations and exploitation tend to reproduce themselves within these new systems - unless that cycle is broken.