this post was submitted on 10 Sep 2024
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Antiwork
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I disagree with the assertion points 1 through 6 are factual. Those are all extremely broad generalizations based on assumptions you hold. Some of those things do happen on occasion of course, but it's not a railroad track of 1 leads to 6 with no other possibilities. The financial industry is heavily regulated by the US Gov't which exerts control to prevent much of 1 - 3 on your list.
We can see it happen regularly in industry, as we have seen with the IMF, Blackrock, Amazon, and more.
The Capitalist State's role is symbiotic with the Financial Capitalists, not predatory. The State is controlled by the wealthy Capitalists.