this post was submitted on 08 Mar 2026
852 points (98.2% liked)
AMUSING, INTERESTING, OUTRAGEOUS, or PROFOUND
2997 readers
353 users here now
This is a page for anything that's amusing, interesting, outrageous, or profound.
♦ ♦ ♦
RULES
❶ Each player gets six cards, except the player on the dealer's right, who gets seven.
❷ Posts, comments, and participants must be amusing, interesting, outrageous, or profound.
❸ This page uses Reverse Lemmy-Points™, or 'bad karma'. Please downvote all posts and comments.
❹ Posts, comments, and participants that are not amusing, interesting, outrageous, or profound will be removed.
❺ This is a non-smoking page. If you must smoke, please click away and come back later.
❻ Don't be a dick.
Please also abide by the instance rules.
♦ ♦ ♦
Can't get enough? Visit my blog.
♦ ♦ ♦
Please consider donating to Lemmy and Lemmy.World.
$5 a month is all they ask — an absurdly low price for a Lemmyverse of news, education, entertainment, and silly memes.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They only managed it when they partnered with religious bigots. They were losing, the very existence of those antitrust laws is proof. Then they bought religion.
Yeah cause religion was all pure and good before it was "bought" in the mid-1900s. \s \s \s
For a time, American Christianity taught that rich people didn't go to heaven.
It was still a net harm on society, but it was no fan of the rich assholes and robber barons.
That then was warped into Prosperity Gospel.
They weren't losing. They were richer than ever before with leves of wealth inequality just recently matched. Then capitalism collapsed under the weight of that inequality into the Great Depression. Their winnings lead to collapse as they accumulated ever more resources that become unavailable to the people producing those resources. Then the cycle of accumulation and the power that comes with it started again. Antitrust got killed at one point. Unions were being killed before that. They used religion too but they were already beginning to win power again.
ROFL. That's an ahistoric narrative. The Great Depression was caused by a lack of liquidity caused by a failure to respond to mass withdrawal. FDR then made it worse with the New Deal, causing a double-dip that only resolved itself with the WWII wartime economy.
It was the lack of Federal Reserve banks and the failures of their predecessor organizations. Vaguely blaming "capitalism" is purely ignorance combined with intellectual laziness.
The modern problems can be laid at the feet of Reagan and Nixon, mostly. Bush Sr and Bush Jr contributed. But it's mostly Nixon and Reagan that helped corrupt the antitrust framework. The fallout breaking up Ma Bell and the Microsoft Antitrust case about Internet Explorer were both critical decisions instrumental to this deterioration.
And what caused the mass withrawal?