@ApostateEnglishman @ChrisMayLA6

Not when they use private equity to buy a companies, asset strip them and then load the loan obligation they undertook to buy the victim business at inflated prices.

The rich don’t spend their net worth on anything. they use it as a collateral for loans where they fob off the loan onto what victim they can.

Oligarchy is monopoly and monopsony. One side can be said to drive inflation and the other wage suppression.

This its the cost of living crisis.

@GhostOnTheHalfShell @ChrisMayLA6 Inflationary pressures arise when there's too many currency units chasing too few goods and services. That's when businesses start raising prices by a few pence here and there, because it profits them. The net effect is inflation. It's a response to increased aggregate demand (more people buying more stuff). You can't add to aggregate demand by making the rich richer, because they couldn't spend all their money *before* they got richer. Nothing changes.

@ChrisMayLA6 @GhostOnTheHalfShell It's about differential spending constraints. Keynes was on the nail here. It's also why quantitative easing (QE) isn't real fiscal spending; what, you thought the banks were going to put that into the economy? Did we all miss the fact that hoarding is their MO? How did we get here in the first place?