Are you claiming that the 'shareholder class' would rather depress the economy and wipe out trillions in shareholder value...over inflating the economy and lowering interest rates?
Every major financial crisis since (at least) the 80's has resulted in a "K shaped recovery" in which the 99% are forced by circumstance to sell off assets to the wealthy at bargain prices.
Not "the shareholder class" but the actual super wealthy, those few thousand individuals at the top.
A way I have recently seen this put is that if you have a billion dollars another billion doesn't do that much for you in real terms. But if you're a billionaire who likes to sexually harass your child's nanny, you would much prefer she be desperate and precarious rather than economically secure or with a lot of other viable options. This is one crude example but the dynamic is in play in many other situations.
So idk, it's plausible to me that the class interests of the wealthy extend beyond mere wealth accumulation. I can imagine circumstances where they would be willing to give up some of their absolute wealth in exchange for greater relative wealth.
Ok, I buy the premise that maybe the top 1000 people are super evil mr. burns type folks. I even buy the fact that they would be giving up absolute wealth for greater relative wealth.
But you know the easiest way to do that. Inflation. Expanding the money supply. Increasing the value of their assets at the expense of the working class. not tanking the value of the companies they own!
Agree. This sounds like the simplistic "billionaires were the problem all along" take, which is, TBF, not that different from Trumpism. The only difference is the choice of enemies who are responsible for all our problems.
