Despite? How about: “because”
I could be wrong, but I imagine people struggling to keep a roof over thier head and living on the street don’t spend time giving a rats ass about the stock market.
Stock market is going up as a result of increased worker exploitation which is what’s leading people not being able to make ends meet. Other things that make the market go up, such as shares buybacks while doing mass layoffs, are also feeding into the problem.
Do you guys ever think that governemnt policy is responsible for things like this happening?
Do you ever think that the government represents the interests of the ruling capital owning class and passes policy accordingly?
But what you probably advocate for would centralize more power in the government that is controlled by the powerful.
Talking about centralization of power with the government shows profound misunderstanding of the underlying problem which is who controls the government and which class interests the government represents. Centralization of the government has absolutely nothing to do with that. What you’re describing is literally the way current US system functions.
You are just going to trade one master for another. Its like the one ring, it cant be properly controlled, it has to be destroyed.
That’s an ignorant statement because we have existing socialist states and we can see that they function very differently from capitalist ones. Meanwhile, nobody has shown a functioning alternative to having a state. Anarchists keep rejecting practical and tangible improvements to everyone’s lives while chasing dreams they have no means of realizing.
What the fuck does the stock market’s performance have to do with homelessness? Like number goes up and magically poor people are suddenly not poor?
The point is that society as a whole is more wealthy than ever but we supposedly “can’t afford” to house the poor. Pointing out that such claims are disingenuous.
Other way around. The money line goes up because people are poor.
You’ll find out if you bother reading other replies in this very thread.
Right…it’s because of the stock market reaching all-time highs that Americans are increasingly finding life unsustainable.
It’s literally a case of cause and effect. The more the capital owning class is able to exploit the working class the higher their profits are.
I’m sure we all understand the idea of directly proportional.
“‘Despite’ Stocket Market Reaching All-Time Highs,” methinks these are two related events especially considering that residential holding companies like Blackrock, Prologis, American Tower Company, and who knows how many other’s are a large part of “the stock market.” Also consider that Berkshire Hathaway is a major owner of Trailer Park homes like Clayton.
It’s absolutely criminal that the concept of homeless and “the stock market” are portrayed as competing forces.Indeed, it’s pretty obvious that stock markets going up is a direct result of increased exploitation of the working class.
There are ~10k homeless people in Daytona Beach, Florida. The city built a shelter but it’s about 8 miles from where the homeless are “existing,” but to get there, they have to walk past the Speedway, which gets them either arrested or taken back to where they were. And on top of that, the shelter only has 45 rooms.
Who would walk 8 miles, risking an arrest record (which only makes it harder to rent even if they could afford rent there) just to find out that there was no room for them when they got there?
There’s nothing around the shelter except the county jail and a few bail bonds places. There’s no incentive to help these people and the county has done a piss poor job of addressing the skyrocketing cost of living that is the impetus of homelessness to begin with.
They could use the money from bike week to fund a shelter or, at very least, a soup kitchen, but instead, they just give that money to the city commissioner that oversees the area around the Speedway which is, coincidentally, the district of the Mayor’s sister.
