Snowball effect

The main problem in America isn't left versus right politics but rather class warfare which pits massive corporate power against working class people who are increasingly unable to pay rent never mind buy a home. Here James talks about Blackstone which basically buys up properties and corners the market by setting up single family rental units which it then charges exorbitant fees for thereby maximizing profits for its shareholders.

As more people fall off the grid and the power concentrates in the hands of fewer people, we start to see something akin to modern day feudalism proving that history repeats itself and only changes cosmetically.


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