Yacht Business
Yacht Business is an Infrared meme/running joke concerning the yacht-owning billionaire class — used to punctuate discussions of oligarchy, capital flight, and the luxury consumption of the financial elite. The phrase evokes the gulf between productive industry (which socialists defend against finance) and parasitic wealth extraction symbolized by superyachts.
Usage
- Streams contrast the yachting class with the industrial bourgeoisie: finance capital's winnings are consumed ostentatiously rather than invested productively.
- The meme serves the broader Infrared argument for re-industrialization and against the rentier economy (see Labor Aristocracy, New Deal).
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