The Housing Crisis, Corporate Diversity, and Oppression

This week on 51/49, James dives into the housing crisis (why is it that nobody seems to be able to afford to buy a home these days), corporate diversity (after all it is pride month), and how these two seemingly different things—one a by product of over financialization, and the other an attempt change the physical appearance of corporate America--seemingly all converge at a single point: oppression.

Over-financialization of housing has made it so that big Wall Street firms like BlackRock are buying up single-family homes and outcompeting the average American homebuyer, the result of which is a nation with an entire class of renters with no hope of ever buying a home. (Sounds a lot like feudalism doesn't it?)

Corporate America then attempts to normalize such oppression of the masses by going all in on "diversity", meaning that our current system of exploiting people who are less fortunate in the name of profit maximization is okay, so long as there are a few black people, gay people, and women getting in on the action. But because if the fundamental goal is still wealth accumulation above all else, the inevitable outcome is exploitation and oppression.

51/49 with James Li - Commentary on business, politics, and the other things (from an independent perspective)

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