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Look, I'm a socialist so it's easy for me to say that capitalism is the worst imaginable economic system, but private equity is beyond doubt the very worst part of capitalism and far-right Christian finance bro Mikey Taylor is just an absolute fucking ghoul in every possible way. People like him are fucking rage inducing.
I live in America and think Capitalism is the worst imaginable economic system. We are so tired of paying way too much money for everything. It is insane that EVERY cost is passed on to the consumer. Trickle Down economics is insulting, and I can't believe anyone ever heard about it and thought it was a good idea.
Michael Taylor is "creating housing", but he's really just trying to profit off of people who are in need of a pretty basic necessity, a roof over their head. I guarantee these are going to be marketed as "Luxury apartment/living" with very basic furnishings, so they can justify $3,000 a month for a 700 sqft apartment in a place with too much traffic already.
We need to take the game out of the console and blow on it or something, shit's not working right.
What do you think they're doing in Venezuela and Saudi Arabia that differs significantly from US-style capitalism?
I'd argue that what's happening in Venezuela is a direct result of capitalism, while what's happening in Saudi Arabia is the logical endpoint of capitalism.
While Venezuela has a far left government, it's also actively being undercut by the US and its proxy states, even to the point of attempted assassinations and delegitimizing their vote. Admittedly there was massive capital flight after Chavez nationalized the petroleum industry and then the global crash of oil prices in 2011 further devastated the economy, but you can and should absolutely lay a good part of the blame for the current crisis on US-led sanctions.
It also bears mentioning that Venezuela is not particularly socialist; its private sector is 3 times larger than its public sector, so it's more accurate to call it a mixed economy: capitalism with some nationalization but no worker owned mode of production -- essentially a capitalist petrostate, which ties its broader economy to a single export, so shit like this is almost inevitable and in fact is more or less the same thing happened in oil-dependent Canada in 2014 when Alberta's GDP plunged by 25%.
But if you're saying that a "socialist country" experiencing a recession and massive inflation is somehow impossible in America, I'd only point out that the US economy teeters on the no one of recession every few years and that the banks would absolutely have collapsed without government intervention (AKA socialism), and that we are in the midst of record inflation as I type this.
Meanwhile in Saudi Arabia, you've got a far right totalitarian theocracy that in almost every imaginable way is the logical conclusion of capitalism: vast sums of money concentrated in very few hands and a repressive regime supported by the US military. So if you're making the case that this is somehow worse than the US, I'd agree that it is, for now, but this same shit is 100% on the rise in the US, and I'd also point out that anything happening in SA takes place with the tacit (but usually overt) support of the US.
None of this exists in a vacuum, and the US's economy and military play a huge role in enabling all of it.
tl;dr
Fuck capitalism, fuck Mikey Taylor.
Anyhoo.
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