The term “financial literacy” is a rhetorical gimmick by capitalists to frame poverty as the failure of the individual “illiterate” rather than as the planned outcome of a social order that requires a class of desperate laborers paid only enough to survive their physical prime.
No amount of fiscal acumen has ever been able to overcome the monthly equation of “Income - Expenses = 0”
What’s most intolerable is when wealthy politicians espouse the value of “financial literacy” as a way of combatting widespread poverty. These people are supposedly elected to regulate the capitalists on behalf of their constituents, not the other way around.
If you want some financial literacy, read Marx, Engels, Gramsci, MLK, Malcolm X, Steinbeck, Thoreau, Klein, Chomsky, Parenti, Debs, Lenin, Einstein, etc. and see how your people’s struggle through history has been the conscious consequence of a tiny group’s lavish fortune.
The real financial illiterate is the capitalist who believes a democratic society can survive with a federal minimum wage of $7.25/hour.
The best part of my life is when my posts drift over to hall monitor Twitter and I get ten guys named Martin Baloney telling me that poverty exists due to the intellectual shortcomings of the poor.
Don't let capitalists condescend to you about financial literacy when the economic system they worship like scripture implodes into global depression every 10 years by design.
These financial roadblocks we talk about – credit cards, rent hikes, wage freezes, compound interest, predatory lenders, etc. – are not benign challenges in some puzzle of upward mobility, but rather built-in features of a system that requires a struggling lower class.
Hélder Câmara: “When I feed the poor, they call me a saint. But when I ask why the poor are hungry, they call me a communist.”
"Living paycheck to paycheck" is the modern day euphemism for receiving a subsistence wage, i.e. the bare minimum for a worker's ongoing survival and ability to continue working. This is the case for approximately 78 percent of U.S. workers. cnbc.com/2019/01/09/shu…
