/lit/ - Literature

>>19806674
Marx was right. After the 2008 financial crisis (wherein it was revealed that Wall Street was entirely corrupt) the entire country was essentially taken over by the Wall Street oligarchy. I.e. Obama could have, upon the revelation of the vastness of the subprime mortgage corruption scheme, decided to temporarily nationalize, reorganize, and re-regulate the entirety of the financial sector: whereupon when said financial companies reach a certain economic size they became subject to very heavy forms of government regulation and scrutiny. Evidently none of this happened and so Wall Street having been bailed out without being re-regulated (brought to heel as an oligarchic pit of antidemocratic corruption) became the proverbial fox that takes over the hen house. To wit, Wall Street knew it could not change (oligarchy does not surrender itself to actual democracy) and doubtless argued so on grounds of US global hegemony: you need a super-dominant oligarchic financial sector for that (for the biggest fish capable of eating all the other big fish in the world of global finance capitalism).

Consequently instead of retroceding and giving up some of its oligarchic power Wall Street has been tightening the screws on whatever remains of democracy in the US: its share of the economy continues to grow and the politico-economic power of the 99% is at a nadir (growth of the precariatized gig economy). But more to the point the 2008 financial crisis was never truly resolved because Wall Street, having been involved in the largest criminal scheme in the history of the US, was never substantively reformed. The too big to fail private financial institutions noted and permanently responded to their conditionless bail out by deciding they were entering a new stage of capitalist development in the US: from now they would decide, in lieu of government regulators or impartial economic scientists, what was economically real and what was not (and by extent *what was real as a whole*)...

(Continued below).

>>19805135

>>19803570
Have sex with the first gay bear you meet; easier for all concerned.

>>19786478
Her moist moustache
Her slippery smile
White tears on cloth