Tag: Working Class

Buzzfeed: Amazon and online shopping didn’t kill Toys ‘R’ Us

Via Buzzfeed:

Heartbroken and frustrated, I began researching and read everything I could find to understand what happened to my job. What I learned enraged me. Amazon and online shopping didn’t kill Toys ‘R’ Us as many people had claimed. Private equity executives did. They bought the company, extracted assets and value out of it, lined their own pockets, then left us to crumble under a $5 billion debt. Toys ‘R’ Us was still bringing in profits every year, and our biggest threat wasn’t the internet. It was Wall Street greed.

https://www.buzzfeednews.com/article/lizmarin/private-equity-is-the-enemy-of-working-people

Most jingoist American propaganda

Weirdly enough, most jingoist American propaganda actually makes sense if you just add “for rich people.”

“Land of the free…” for rich people
“Best country in the world…” for rich people
“Capitalism is great…” for rich people
“Infinite opportunity…” for rich people