• Lussy [any, hy/hym]@hexbear.net
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    2 months ago

    it’s hard to imagine the institutional capitalists want this to happen,

    Why do you assume institutional capitalists don’t want this to happen when we’ve seen contemporary capitalists place short term gains in the form of mergers and general stock fuckery as their only priority?

    If institutional capitalists did not want these things to happen, Trump wouldn’t be able to do what he does and pass the abomination that BBB is.

    • if institutional capital really wanted this to happen, there wouldn’t be any discussion about it at all because the reserve would lower rates as soon as trump signaled a desire to lower them or Powell would have already resigned.

      the federal reserve committee IS institutional capital. it was established to make decisions independent of any electoral sentiment at a time when socialism was gaining ground in the US, just years before Debs ran for high office.