2/ Okay, white people are filling my inbox with why First Nations are "wrong."
First, that doesn't justify intimidation used by fisherman. They ransacked their building, torched their van, then 200 fisherman engaged in intimidation with the RCMP watching. thestar.com/news/canada/20…
3/ Second, the claims of "over fishing" are incorrect. The government has said the stocks are fine. They're using the term to falsely appeal to environmentalists.
What they're actually referencing though is the collapse of prices from increased competition. They left this out...
4/ Lobster is a luxury food, in the middle of a global recession with restaurants closed. Demand evaporated.
The US and China are ordering about 10% of what they used to. This leaves a massive oversupply by collapse of demand. The US is now domestically oversupplied.
5/ Fishermen are blaming the collapse of a market product on a single fishery operation.
Third, yes. This is racism. If a group is intimidated out of market participation because of race, it is racist.
If you're not a settler or benefiting their operation, you're locked out.
6/ If you want to participate by the rules of capitalism, you need to be prepared for it to swing back. You can't use your pre-determined position in society to lock out other players.
Also, screw the dairy cartel.
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Watching governments set the precedent they'll work to prevent recessionary downturns is an interesting development for wealth inequality.
It actually makes rich people *much* richer, and the gap even wider. It doesn't work for a long time though.
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2/ Recessions serve a very useful purpose in capitalism's boom bust cycle. Inefficient purchases, people that overpaid, lose that speculative premium.
They suffer losses, and people with lower income get the opportunity to buy into an asset at depressed values.
3/ If you backstop losses, it makes inefficient purchases no longer subject to purges. Instead, lower income people no longer have an opportunity to buy in at a "deal."
The price only goes up. They're doing it with tax dollars too, meaning everyone also pays for the gap.
Paying 2 month’s salary for an engagement ring is dumb, and not a real tradition.
It’s one of the many successful strategies one single (predatory) company used to capture a series of suckers into inflating the price of diamonds.
Here’s how people got suckered.
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2/ First, the diamond trade is almost entirely controlled by one company - De Beers. They control two-thirds of the diamond trade, and since its founding the goal was to always to control the market.
It was founded by one of history’s greatest monsters - Cecil Rhodes.
3/ Yeah, the same Rhodes which the scholarship is named after.
This genocidal, white supremacist founded De Beers. He initially used prison labor. If you understand South Africa’s prison system at the time, you know this was just slavery.