News for hackers. Stuff that matters.

A comment on American capitalism has taken an apocalyptic turn. Parent comment

Re:American capitalism has taken an apocalyptic turn by WalterBright on Thursday June 04, 2026 @01:10AM (#48394211)
> Did they steal everything outright?

In a market economy, theft is illegal.

The Great Depression was not caused by rich people. It was caused by the Fed and its failure to understand the relationship with gold and dollars, and mismanagement of the bank reserves.

WW2 was not caused by rich people, nor by inequality.

[ Parent | on HN ]
Re:American capitalism has taken an apocalyptic turn by sam_lowry_ on Thursday June 04, 2026 @03:30AM (#48395356)
> WW2 was not caused by rich people, nor by inequality.

Read the Three Comarades by Erich Maria Remarque. Inequality was rampant in-between wars as Germany suffered from industrial collapse and reparations.

[ Parent | on HN ]
Re:American capitalism has taken an apocalyptic turn by intended on Thursday June 04, 2026 @01:32AM (#48394397)
Yet theft occurs.

Coercion occurs.

The market is held up by the enforcement of rules, and the US has spent several decades loosening the rules and defanging its watchdogs.

[ Parent | on HN ]