Comments by "gerhard7" (@gerhard7323) on "Should We Just Accept That We’re Getting Poorer?" video.

And apparently that's still either controversial to say or studiously ignored sadly. Who'd've thought that 'saving lives' - the average age of a 'with covid' death remains at 83 - would have proved so costly both economically and socially? I certainly did.
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That's how it works. Socialism is the preserve of the rich whilst capitalism is reserved for the poor. Private in the good times, public in the bad. The bank bailouts were certainly the original sin here. Leading to the introduction of QE for the primary benefit of the asset, debt and equity owning classes and enduring artificially ultra low interest rates designed to increase the money supply and keep the debt wheels turning. Despite the apparently low inflation rates inflation was always there, but rather than find its way into traditional avenues of consumption it was kept down in the post bailout battered economies largely thanks to the rapid rise of China and its timely supplies of cheap consumer goods. Inflation instead found its way into assets, particularly real estate and equities, as these were the most profitable way for the rentier classes with money to make more money from money in what was now a perennially low interest environment.
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@adamrugen1850 Most of that money went to the top two quartiles, not surprisingly. Why do you think house prices and the stock market kept going up? Nowhere to put it prior to the recent interest rate rises in order to get a return and nowhere to spend it during lockdown in any quantity.
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@amjidali588 Elaborate.
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