this post was submitted on 05 Oct 2023
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traingang

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https://finance.yahoo.com/news/no-one-saw-coming-kevin-133000274.html

“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”

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[–] [email protected] 26 points 1 year ago

it occurs to me how dishonest the phrase "no one saw this coming" is when deployed by capitalists. you know what? a whole shitload of people see every consequence of US political economy coming. alienation, class tension-political violence, environmental degradation, public health crises, market concentration/monopoly, and in this case: economic instability. instability is the defining feature of the capitalist mode of production.

millions of us are going about our lives witnessing the emergence of thousands of problems. under the dictatorship of the bourgeoisie, workers, the great masses of us, lack the institutional power to prevent them short of organized work stoppages to get the attention and force the hand of those who do have the power, but literally cannot be bothered to do anything but protect the profits of the already wealthy.

so. no kevin. you didn't see this coming. because you are a fucking idiot operating with only the most narrow ideological frame in the history of human civilization. no one should consult you for anything more complex than making toast, you fucking fetus.