#WealthExtraction

@futuredude.bsky.social

2 weeks ago

American Communist Party The future belongs to the working class.

The Epstein class run scams on top of scams, layers of corruption so deep it’s almost hard to grasp—money flows up, the rest of us get scraps. Capitalism isn’t broken, it’s working exactly as designed. Together, our resistance can turn their layers of scams into rubble. #Corruption #WealthExtraction

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Stephen Hayes

@stephenaytch.bsky.social

2 months ago

The Mistery of Tartaria's Self-Powering Locomotives - That Vanished From History YouTube video by The Ancient Record

#Tartaria #AtmosphericEnergy
#FreeEnergy #VacuumEnergy
#SuppressedInventions
#Monopoly #Capitalism
#ArtificialScarcity #WealthExtraction #CorporateSlavery
#TheyMustBeOverthrown

m.youtube.com/watch?v=TCoU...

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@kaibae2019.bsky.social

3 months ago

Money needs to circulate through the economy to work. Since the 1980s, we cut taxes on the wealthy, deregulated finance, and enabled offshore tax havens—which let wealth get extracted from circulation and hoarded.

#Economics #Inequality #WealthExtraction #ProgressiveTaxation #SystemicRisk

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Social Capital Partners🇨🇦

@scpartners.bsky.social

4 months ago

Opinion: Can we go back to the optimism of the 1990s, before the extraction economy took over? Our economic system benefits only those at the very top – but it’s not too late for change

Extraction is "the taking of wealth far in excess of the value provided..." says @superwuster.bsky.social

"It is the unrestrained exertion of economic power and it has become the curse of our age."

#CdnPoli #WealthExtraction #Equality #WorkingPeople

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Robert C. Fried (Bob Fried)

@robertcfried.bsky.social

4 months ago

★ Who's Buying Up Main Street?
#DecommodifyHousing #SpeculativeHousing #UrbanCrisis #Financialization #WealthExtraction #CommunityDisplacement #MarketPower #HousingEquity #PrivateEquity
ips-dc.org/wp-content/u...

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Robert C. Fried (Bob Fried)

@robertcfried.bsky.social

4 months ago

★ Who's Buying Up Main Street?
#DecommodifyHousing #SpeculativeHousing #UrbanCrisis #Financialization #WealthExtraction #CommunityDisplacement #MarketPower #HousingEquity #PrivateEquity
ips-dc.org/wp-content/u...

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All Namibian News

@namibiannews.bsky.social

7 months ago

The Financial Sector Must Stop Financing Everyone but Namibians When Bank of Namibia Governor Johannes !Gawaxab recently admitted that local ownership and control in our financial sector has reached only 20% against a 25% target set a decade ago, he was not merely stating a statistic, he was laying bare an uncomfortable truth. Namibia’s financial services sector, the backbone of any modern economy, remains far too dependent on and beholden to foreign capital and interests. For ten years, we have tinkered at the edges of transformation. We have introduced localisation quotas, promoted local talent into top management, and celebrated the listing of banks on our stock exchange. Yet beneath this veneer of progress lies an inconvenient reality: our financial system continues to be a conduit for wealth extraction, with profits flowing out of Namibia to build other nations, notably South Africa. The dominance of South African-owned banks and insurers in Namibia is not simply a matter of ownership. It is a matter of economic leakage. Every year, billions in profits are repatriated to Johannesburg and Cape Town, capital that could have been reinvested in Namibian industries, infrastructure, and people. While South Africa grows its economy and empowers its citizens with the dividends earned here, Namibia is left with crumbs. This dynamic is not just an economic imbalance; it is an erosion of our sovereignty. True Namibianisation is not about window-dressing with token shares or cosmetic appointments. It is about keeping Namibian capital in Namibia, circulating, multiplying, and creating opportunities for our entrepreneurs, our youth, and our communities. The Financial Sector Transformation Strategy for 2025–2035 is a welcome step, but strategies do not change realities unless they challenge entrenched structures. Localization, merely meeting ownership quotas, will not deliver economic justice if the underlying business models remain extractive. Real transformation must ask hard questions: * Why do our banks continue to channel the lion’s share of their profits to foreign parent companies? * Why are local businesses, particularly in rural and informal sectors, still underserved despite these banks’ decades-long presence? * Why is Namibian pension capital still managed primarily by offshore entities, investing more abroad than at home? Unless these structural leakages are plugged, we will remain a financial colony, an economy where value is created locally but harvested elsewhere. To achieve true Namibianisation, we must do more than legislate. We must strategically re-engineer the sector: * Mandate Retention of Capital: Set regulations requiring a significant portion of profits generated in Namibia to be reinvested locally. * Empower Local Asset Managers: Channel pension and investment funds toward Namibian-owned financial institutions that reinvest domestically. * Support Indigenous Financial Institutions: Create incentives, from tax breaks to preferential procurement, for wholly Namibian-owned banks and insurers to thrive. * Invest in Human Capital: Develop a pipeline of Namibian talent not just to fill management positions, but to lead innovation in fintech, asset management, and risk underwriting. This is not protectionism; it is economic self-determination. The next decade is critical. Namibia cannot afford another ten years of underperformance while our financial arteries continue to pump wealth into foreign economies. The Financial Sector Transformation Strategy must not only be implemented, it must be radical in its ambition. We must demand a sector where ownership is not symbolic, where decision-making is not remote, and where every dollar generated here works to uplift Namibians. Only then can we say we have truly Namibianised our financial system. Until that day, we remain the financiers of everyone but ourselves.

#Namibia #FinancialSector #LocalOwnership #EconomicJustice #WealthExtraction

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Excessive Wealth Disorder Institute

@ewdinstitute.bsky.social

8 months ago

It's a cycle.

Learn more here: www.excessivewealth.org

#wealth #economics #wealthextraction #extraction #hoarding #wealthhoarding #hoarders #government #governmentcapture #usa #america #taxes #inequality

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Unsound America

@unsoundamerica.bsky.social

1 year ago

Trump Quietly Plans To Liquidate Public Lands To Finance His Sovereign Wealth Fund President Donald Trump’s executive order to create a sovereign wealth fund requires that the United States come up with heaps of cash quickly, which may make selling out and selling off public lands i...

Goodbye #publiclands — soon, the only one we’ll remember is that stupid outdoors store.

#sovereignwealthfund #wealthextraction #environment #publictrust #theft #graft #krasnov #trump #p2025 #americaindecline

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Huia Sue

@huiasue.bsky.social

1 year ago

NZ Initiative would like you to stop being "paranoid" about corporations buying your government Eric Crampton's latest op-ed attempts to cast those who are concerned about the well-documented ties between the government and international corporate lobbying groups as paranoid conspiracy theorists

NZ Initiative would like you to stop being paranoid about #corporations buying your government:

#NZI= #NZInitiative = #AtlasNetwork #nzpol #wealthextraction #privatisation #greed #profit #NZ #Coalition

open.substack.com/pub/weareund...

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Steph Scythes: 1775-2025+ 💀☢️🇺🇸☣️💀 The American Devolution

@stephscythes.bsky.social

1 year ago

Is Musk taking over? Here’s how ‘state capture’ works — and why we should be worried (AlterNet) Many Americans have watched in horror as Elon Musk, the world’s richest person, has been permitted to tear through various offices of the United States gove...

Musk’s siege amounts to a form of " #statecapture”:

...the appropriation of state resources by political actors for their own ends: either private or political.

Musk’s aim could be to capture different pieces of the US government and turn the state into a tool for #wealthextraction. #coup

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TheSwanYork

@theswanyork.bsky.social

1 year ago

Screenshot from X. Link to article and Liam Byrne MP Bluesky feed in comment below.

This!
We met business Minister Justin Madders yesterday to relay our grave concerns at #CampaignForPubs about systematic anti-competitive practices in the UK #beer and #pub sector, and huge consequent #wealthextraction by offshore private equity propcos and global brewing giants.
#anti-#growth

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free_estradiol

@free-estradiol.bsky.social

1 year ago

DYNASTY MANIFESTED
//defeatist landgrabs,
the tools, though mindful, ignore
their own doom//

#analogcollage #collageaday #makeandcreate #haiku #wisdomisold
#wealthextraction #delivered #atyourdoorstep #importexploitation #exportprofits

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@skysplitter.bsky.social

1 year ago

Maybe we should stop asking why groceries are so expensive and start asking why corporate grocery store profits are so high.

Just a thought.

#wealthextraction
#corporateprofits
#wethepeople

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Posts tagged #WealthExtraction