Mark Zuckerberg lost $119 Billion dollars on the stock market today (7/26/18). This is the largest loss of wealth in a single day in modern stock history.
This will literally not change his lifestyle or effect his livelihood at all. He is still a multi-billionaire.
If I worked every single day, for the rest of my life, at $15/hr – which is more than twice the national minimum wage – I would never make even 1/1000th the amount of just the money that Zuckerberg lost today.
If I worked every single day, for the entirety of the time that anatomically modern humans have existed (200,000 years) – at $15/hr – I would still not make one tenth of the amount of just the money he lost today.
And he is still a billionaire and will lose literally zero luxury or well-being from what happened today.
You want to know how absolutely grotesque modern wealth inequality is?
There you go.
Tag: capitalism
The fact that the ghouls in our society feel like they actually have to sell young people on capitalism itself (which you can see if you look at literally any Turning Point USA propaganda poster, or any similarly Koch or billionaire funded venture) means that we have successfully broken at least one layer of capitalist realism. People are talking about potential alternatives, or else we wouldn’t have to be told that “capitalism works!” so much. There used to be an assumption that capitalism was literally all there could ever be. That clearly is not the case now. This is actually a massive shift towards left-wing politics and liberation that I feel we don’t credit ourselves enough with. We’ve broken down one ideological barrier pretty substantially.
Not to mention neoliberals have to sell their ideology also. There’s even a neoliberal subreddit with a suspicious upvote:comment ratio
Rush's tumblr archive 