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Marker
Pop business for the intelligent reader. A publication from Medium.

Grift

In Marker. More on Medium.

No Mercy No Malice

While a quarter of America is behind on rent, the shareholder class has experienced an explosion in net worth

The federal response to the pandemic has been massive — a $5 trillion effort. It has also been a con. Under the cloud cover of Covid-19, the shareholder class has used its outsized influence over the government to toss a few loaves of bread at those suffering all while accruing trillions of dollars in wealth financed on the backs of younger and future generations.

How did we get here? In a healthy capitalist economy, wealth is always at risk. Competition spurs innovation, which disrupts the established order, creating winners — and also losers. Joseph Schumpeter called this the “gale of…

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