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Joined vor 2 Jahren
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Cake day: 19. Mai 2024

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  • Wealth gaps are driven by governments benefitting the wealthiest over everyone else. They do this, as they themselves are chasing ratings from international ratings agencies.

    So they splurge on the biggest companies the country has, giving them a golden road to more wealth in the hopes GDP or some other stat will go up (and then the country’s rating).

    Ratings agencies themselves have to change in order to distinguish healthy managed degrowth, from recession. The importance of tackling climate change and secure the future by doing less. Or doing the same with better use of resources.

    Whilst printing money or digitally creating it, may be infinite, that’s not what the ratings agencies believe - they’re all neo liberal. We all need to understand climate change and massive wealth disparity are a national security and existential threat.