It’s also by design.

The flaws are designed to be exploited by the rich and powerful.

Yep, but nowadays they are losing popularity. I don’t even know if you can still find them.

No more billionaires, but everyone can be a millionaire.

The shortest path to equality is to greatly reduce taxes on the middle class and increase them on the wealthy.

It puzzles me why leftist parties don’t all embrace lower taxes for the middle class.

The humiliation of losing to a black woman.

The past months the mood in America has been: not these two old geezers again.

I am honestly optimistic that it’s going to be a landslide for the Democrats without Biden. Americans are just sick of Trump and they didn’t want Biden to run again.

So the Democrats are giving the people what they want, while the Republicans are trying to force feed them something they don’t want.

Let’s see how this plays out.

Exactly.

If the USA tried to again be a White/European ethnostate and allow anyone with Caucasian heritage to immigrate and barred everyone else from immigrating, then no one today would accept that.

And if they went full on apartheid and started putting natives and minorities in locked down ever-shrinking reservations, people would really lose their shit.

When white nationalists try to advocate for such policies, they are rightfully criticized for being racist.

I can never understand why Israel gets special treatment in that regard.

Right, investment company.

In particular, they are Not a Bank.

If you just Google you will see JPM and Citi did quite badly under the low interest regime and bounced back after interest rates went up.

Citi had a more pronounced bump with Covid stimulus.

https://www.macrotrends.net/stocks/charts/JPM/jpmorgan-chase/gross-profit

https://www.macrotrends.net/stocks/charts/C/citigroup/gross-profit

They are still making nice profits, but Apple and Microsoft are at no risk of being overtaken by any bank any time soon.

If you want to call BlackRock a bank…

Then you’re gonna be right in your bubble, but it’s a pretty big leap. And you won’t find many people agreeing with you.

And no, banks are making profits again with rising interest rates. They were making way lower profits at low interest rates.

In terms of being disconnected from reality, I think you’re projecting.

The banking sector is not bigger than before.

The fact that smaller banks merge and consolidate does mean that some banks are bigger than before.

And that’s also what regulators want. They want a handful of big banks that they can more easily monitor and control.

But the power of the sector has greatly weakened.

The big money is now in tech and energy, not the financial sector.

Indeed. And we had a decade of extremely low interest rates that basically broke the power of banks.

The more important causes in 2024 are:

• Taxing the rich
• Climate change
• Protesting against war and genocide