Late Stage Capitalism

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A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

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submitted 2 weeks ago by K1nsey6@lemmy.world to c/latestagecapitalism@lemmy.world

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[–] Passerby6497@lemmy.world 5 points 2 weeks ago (1 children)

They are also taking on a lot of risk! Like being ~~poor~~ marginally less rich if they somehow manage to miss the golden parachute after messing up on the job

[–] timestatic 1 points 2 weeks ago (1 children)

If you don't have wealth amassed outside the company and the company ends up not being able to pay debts your entire livelihood can be taken by a debt collector. Really depends on the company but if you want to get a loan banks want some safety to back it up

[–] Passerby6497@lemmy.world 1 points 2 weeks ago (1 children)

If you don't have wealth amassed outside the company and the company ends up not being able to pay debts your entire livelihood can be taken by a debt collector.

Man, I wonder what it would be like to live like that. Just dependent on a company making money so you don't have your livelihood taken from you...

[–] timestatic 1 points 1 week ago

If you work for a company and it goes bankrupt you don't get your entire private shit seized. You can find a new company to work for. Starting a company based on debt is inherently risky. This comparison isn't really as great as you think it is.